SKF INDIA
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The Current P/E Ratio of SKF INDIA is 44.13.
Share Price | ₹5,006.3 | Nov 29,2024 |
Market Cap | ₹24,730.9 Cr | |
Earnings-TTM | ₹560.4 Cr | TTM-Consolidated Results |
Price/Earnings | 44.13x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of SKF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹24,730.9 Cr] as on Nov 29,2024
(/) Earnings [ ₹560.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 44.13x ]
Thus, for SKF INDIA , the investors are currently willing to pay 44.13 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 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 Ratio | Market Cap |
---|---|---|---|
SKF INDIA | 560.37 | 44.13 | 24,730.9 |
SCHAEFFLER INDIA LTD | 945.72 | 59.36 | 56,141.9 |
TIMKEN INDIA LTD | 395.21 | 64.28 | 25,405.9 |
ROLEX RINGS LTD | 159.81 | 34.49 | 5,512.0 |
NRB BEARINGS LTD | 259.45 | 10.89 | 2,825.3 |
GALAXY BEARINGS LTD | 19.21 | 17.46 | 335.5 |
BIMETAL BEARINGS LTD | 6.85 | 36.86 | 252.5 |
VISHAL BEARINGS LTD | -0.81 | -136.69 | 110.7 |
SNL BEARINGS LTD | 9.18 | 15.51 | 142.4 |
Bearings Industry Benchmark (Top 10) PE Analysis vs SKF INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -136.69x |
Max industry PE | 64.28x |
Median industry PE | 34.49x |
Average industry PE | 16.26x |
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