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SKF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of SKF INDIA is 43.84.

Share Price ₹4,973.3Nov 27,2024
Market Cap ₹24,568.1 Cr
Earnings-TTM₹560.4 CrTTM-Consolidated Results
Price/Earnings43.84xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SKF 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 SKF INDIA is calculated as :

Current Market Cap [ ₹24,568.1 Cr] as on Nov 27,2024

(/) Earnings [ ₹560.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 43.84x ]

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

Thus, for SKF INDIA , the investors are currently willing to pay 43.84 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 SKF 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 SKF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of SKF INDIA


PE Ratio Performance Analysis for SKF INDIA

- SKF INDIA 's latest p/e ratio is 43.84x.

- SKF INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2021 averaged 39.76x.

- SKF INDIA 's operated at median p/e ratio of 40.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, SKF INDIA 's p/e ratio peaked in Mar2022 at 44.29x.

- SKF INDIA 's p/e ratio hit its five-year low in Mar2024 of 37.3x.


How does SKF INDIA 's P/E Ratio benchmark against top 10 peers in Bearings Industry?

Peer Comparison (Bearings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SKF INDIA 560.3743.8424,568.1
SCHAEFFLER INDIA LTD945.7257.7454,607.0
TIMKEN INDIA LTD395.2163.4225,064.8
ROLEX RINGS LTD159.8134.495,511.2
NRB BEARINGS LTD259.4510.622,755.0
GALAXY BEARINGS LTD19.2117.71340.3
BIMETAL BEARINGS LTD6.8536.30248.6
VISHAL BEARINGS LTD-0.81-135.28109.6
SNL BEARINGS LTD9.1815.97146.7

Bearings Industry Benchmark (Top 10) PE Analysis vs SKF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -135.28x
Max industry PE 63.42x
Median industry PE 34.49x
Average industry PE 16.09x



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