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SPICEJET
PE (Price/Earnings) Ratio

The Current P/E Ratio of SPICEJET is -17.14.

Share Price ₹61.9Nov 29,2024
Market Cap ₹7,937.6 Cr
Earnings-TTM₹-463.2 CrTTM-Consolidated Results
Price/Earnings-17.14xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SPICEJET

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 SPICEJET is calculated as :

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 ]

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

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 latest p/e ratio is -17.14x.

- 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 RatioMarket Cap
SPICEJET -463.15-17.147,937.6
INTERGLOBE AVIATION LTD6,635.0425.46168,920.0
TANEJA AEROSPACE & AVIATION LTD12.5885.051,070.1
TAAL ENTERPRISES LTD42.9820.23869.7
JET AIRWAYS (INDIA) LTD-662.61-0.58386.7
GLOBAL VECTRA HELICORP LTD-0.87-409.21355.6

Airlines Industry Benchmark (Top 10) PE Analysis vs SPICEJET 's P/E Ratio

Top 10 Industry PeersPE 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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