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SKF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of SKF INDIA is 44.13.

Share Price ₹5,006.3Nov 29,2024
Market Cap ₹24,730.9 Cr
Earnings-TTM₹560.4 CrTTM-Consolidated Results
Price/Earnings44.13xCalculated 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 [ ₹24,730.9 Cr] as on Nov 29,2024

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

(=) P/E Ratio [ 44.13x ]

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 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 latest p/e ratio is 44.13x.

- 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 560.3744.1324,730.9
SCHAEFFLER INDIA LTD945.7259.3656,141.9
TIMKEN INDIA LTD395.2164.2825,405.9
ROLEX RINGS LTD159.8134.495,512.0
NRB BEARINGS LTD259.4510.892,825.3
GALAXY BEARINGS LTD19.2117.46335.5
BIMETAL BEARINGS LTD6.8536.86252.5
VISHAL BEARINGS LTD-0.81-136.69110.7
SNL BEARINGS LTD9.1815.51142.4

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

Top 10 Industry PeersPE 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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