SPICEJET
|
The Current P/E Ratio of SPICEJET is -17.14.
Share Price | ₹61.9 | Nov 29,2024 |
Market Cap | ₹7,937.6 Cr | |
Earnings-TTM | ₹-463.2 Cr | TTM-Consolidated Results |
Price/Earnings | -17.14x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SPICEJET
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹7,937.6 Cr] as on Nov 29,2024
(/) Earnings [ ₹-463.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -17.14x ]
Thus, for SPICEJET , the investors are currently willing to pay -17.14 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 SPICEJET !
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 SPICEJET over the last five years.
Historical PE (Price/Earnings) ratio chart of SPICEJET
PE Ratio Performance Analysis for SPICEJET
- SPICEJET 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.
- SPICEJET 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SPICEJET 's p/e ratio peaked in Mar2023 at 0x.
- SPICEJET 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does SPICEJET 's P/E Ratio benchmark against top 10 peers in Airlines Industry?
Peer Comparison (Airlines Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
SPICEJET | -463.15 | -17.14 | 7,937.6 |
INTERGLOBE AVIATION LTD | 6,635.04 | 25.46 | 168,920.0 |
TANEJA AEROSPACE & AVIATION LTD | 12.58 | 85.05 | 1,070.1 |
TAAL ENTERPRISES LTD | 42.98 | 20.23 | 869.7 |
JET AIRWAYS (INDIA) LTD | -662.61 | -0.58 | 386.7 |
GLOBAL VECTRA HELICORP LTD | -0.87 | -409.21 | 355.6 |
Airlines Industry Benchmark (Top 10) PE Analysis vs SPICEJET 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -409.21x |
Max industry PE | 85.05x |
Median industry PE | 20.23x |
Average industry PE | -49.37x |
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