SHIPPING CORPORATION OF INDIA
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The Current P/E Ratio of SHIPPING CORPORATION OF INDIA is 11.08.
Share Price | ₹237.7 | Dec 03,2024 |
Market Cap | ₹11,072.1 Cr | |
Earnings-TTM | ₹999.6 Cr | TTM-Consolidated Results |
Price/Earnings | 11.08x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of SHIPPING CORPORATION OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹11,072.1 Cr] as on Dec 03,2024
(/) Earnings [ ₹999.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 11.08x ]
Thus, for SHIPPING CORPORATION OF INDIA , the investors are currently willing to pay 11.08 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 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 Ratio | Market Cap |
---|---|---|---|
SHIPPING CORPORATION OF INDIA | 999.63 | 11.08 | 11,072.1 |
THE GREAT EASTERN SHIPPING COMPANY LTD | 2,830.76 | 5.60 | 15,845.7 |
SEAMEC LTD | 159.28 | 19.79 | 3,152.8 |
DREDGING CORPORATION OF INDIA LTD | -61.15 | -42.11 | 2,575.0 |
SHREYAS SHIPPING & LOGISTICS LTD | 6.14 | 160.80 | 987.3 |
ESSAR SHIPPING LTD | 510.04 | 1.48 | 754.4 |
GLOBAL OFFSHORE SERVICES LTD | 41.25 | 8.35 | 344.4 |
Shipping Industry Benchmark (Top 10) PE Analysis vs SHIPPING CORPORATION OF INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -42.11x |
Max industry PE | 160.80x |
Median industry PE | 8.35x |
Average industry PE | 23.57x |
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