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STEEL AUTHORITY OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of STEEL AUTHORITY OF INDIA is 23.16.

Share Price ₹111.4Nov 19,2024
Market Cap ₹45,993.1 Cr
Earnings-TTM₹1,985.5 CrTTM-Consolidated Results
Price/Earnings23.16xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STEEL AUTHORITY OF 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 STEEL AUTHORITY OF INDIA is calculated as :

Current Market Cap [ ₹45,993.1 Cr] as on Nov 19,2024

(/) Earnings [ ₹1,985.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.16x ]

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

Thus, for STEEL AUTHORITY OF INDIA , the investors are currently willing to pay 23.16 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 STEEL AUTHORITY OF 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 STEEL AUTHORITY OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of STEEL AUTHORITY OF INDIA


PE Ratio Performance Analysis for STEEL AUTHORITY OF INDIA

- STEEL AUTHORITY OF INDIA 's latest p/e ratio is 23.16x.

- STEEL AUTHORITY OF INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 9.90x.

- STEEL AUTHORITY OF INDIA 's operated at median p/e ratio of 7.85x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STEEL AUTHORITY OF INDIA 's p/e ratio peaked in Mar2024 at 18.07x.

- STEEL AUTHORITY OF INDIA 's p/e ratio hit its five-year low in Mar2022 of 3.32x.


How does STEEL AUTHORITY OF INDIA 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
STEEL AUTHORITY OF INDIA 1,985.5123.1645,993.1
JSW STEEL LTD5,231.0044.13230,826.0
TATA STEEL LTD2,576.6867.95175,080.0
JINDAL STAINLESS LTD2,435.4022.1653,976.1
APL APOLLO TUBES LTD582.9368.3539,845.6
MOTHERSON SUMI WIRING INDIA LTD660.2541.1327,158.9
RATNAMANI METALS & TUBES LTD531.1448.0825,537.7
SHYAM METALICS AND ENERGY LTD837.3926.7722,414.3
WELSPUN CORP LTD849.1021.3418,116.5
JINDAL SAW LTD1,872.1310.2519,188.4
MAHARASHTRA SEAMLESS LTD862.059.778,419.2

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs STEEL AUTHORITY OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.77x
Max industry PE 68.35x
Median industry PE 26.77x
Average industry PE 34.83x



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