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SHIPPING CORPORATION OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHIPPING CORPORATION OF INDIA is 9.62.

Share Price ₹206.4Nov 21,2024
Market Cap ₹9,614.1 Cr
Earnings-TTM₹999.6 CrTTM-Consolidated Results
Price/Earnings9.62xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHIPPING CORPORATION OF INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of SHIPPING CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹9,614.1 Cr] as on Nov 21,2024

(/) Earnings [ ₹999.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.62x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for SHIPPING CORPORATION OF INDIA , the investors are currently willing to pay 9.62 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 SHIPPING CORPORATION OF INDIA !

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 SHIPPING CORPORATION OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of SHIPPING CORPORATION OF INDIA


PE Ratio Performance Analysis for SHIPPING CORPORATION OF INDIA

- SHIPPING CORPORATION OF INDIA 's latest p/e ratio is 9.62x.

- SHIPPING CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.64x.

- SHIPPING CORPORATION OF INDIA 's operated at median p/e ratio of 6.23x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHIPPING CORPORATION OF INDIA 's p/e ratio peaked in Mar2024 at 14.32x.

- SHIPPING CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2023 of 5.03x.


How does SHIPPING CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHIPPING CORPORATION OF INDIA 999.639.629,614.1
THE GREAT EASTERN SHIPPING COMPANY LTD2,830.765.4315,363.9
SEAMEC LTD159.2817.582,800.8
DREDGING CORPORATION OF INDIA LTD-61.15-36.962,260.4
SHREYAS SHIPPING & LOGISTICS LTD6.14134.79827.6
ESSAR SHIPPING LTD510.041.62825.4
GLOBAL OFFSHORE SERVICES LTD41.257.20297.1

Shipping Industry Benchmark (Top 10) PE Analysis vs SHIPPING CORPORATION OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -36.96x
Max industry PE 134.79x
Median industry PE 7.20x
Average industry PE 19.90x



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