SCAN STEELS
|
The Current P/E Ratio of SCAN STEELS is 10.23.
Share Price | ₹44.7 | Nov 14,2024 |
Market Cap | ₹234.4 Cr | |
Earnings-TTM | ₹22.9 Cr | TTM-Standalone Results |
Price/Earnings | 10.23x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SCAN STEELS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹234.4 Cr] as on Nov 14,2024
(/) Earnings [ ₹22.9 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 10.23x ]
Thus, for SCAN STEELS , the investors are currently willing to pay 10.23 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of SCAN STEELS !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of SCAN STEELS over the last five years.
Historical PE (Price/Earnings) ratio chart of SCAN STEELS
PE Ratio Performance Analysis for SCAN STEELS
- SCAN STEELS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 59.35x.
- SCAN STEELS 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2020 at 262.58x.
- SCAN STEELS 's p/e ratio hit its five-year low in Mar2021 of 3.11x.
How does SCAN STEELS 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
SCAN STEELS | 22.91 | 10.23 | 234.4 |
JSW STEEL LTD | 5,231.00 | 43.89 | 229,591.0 |
TATA STEEL LTD | 2,576.68 | 66.86 | 172,272.0 |
JINDAL STAINLESS LTD | 2,435.40 | 23.47 | 57,162.8 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 23.28 | 46,220.6 |
APL APOLLO TUBES LTD | 582.93 | 70.04 | 40,830.8 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 40.80 | 26,937.8 |
RATNAMANI METALS & TUBES LTD | 531.14 | 46.54 | 24,718.6 |
SHYAM METALICS AND ENERGY LTD | 837.39 | 27.09 | 22,680.9 |
WELSPUN CORP LTD | 849.10 | 20.95 | 17,788.6 |
JINDAL SAW LTD | 1,872.13 | 10.07 | 18,855.9 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs SCAN STEELS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 10.07x |
Max industry PE | 70.04x |
Median industry PE | 27.09x |
Average industry PE | 34.84x |
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