STEEL AUTHORITY OF INDIA
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The Current P/E Ratio of STEEL AUTHORITY OF INDIA is 23.16.
Share Price | ₹111.4 | Nov 19,2024 |
Market Cap | ₹45,993.1 Cr | |
Earnings-TTM | ₹1,985.5 Cr | TTM-Consolidated Results |
Price/Earnings | 23.16x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of STEEL AUTHORITY OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
STEEL AUTHORITY OF INDIA | 1,985.51 | 23.16 | 45,993.1 |
JSW STEEL LTD | 5,231.00 | 44.13 | 230,826.0 |
TATA STEEL LTD | 2,576.68 | 67.95 | 175,080.0 |
JINDAL STAINLESS LTD | 2,435.40 | 22.16 | 53,976.1 |
APL APOLLO TUBES LTD | 582.93 | 68.35 | 39,845.6 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 41.13 | 27,158.9 |
RATNAMANI METALS & TUBES LTD | 531.14 | 48.08 | 25,537.7 |
SHYAM METALICS AND ENERGY LTD | 837.39 | 26.77 | 22,414.3 |
WELSPUN CORP LTD | 849.10 | 21.34 | 18,116.5 |
JINDAL SAW LTD | 1,872.13 | 10.25 | 19,188.4 |
MAHARASHTRA SEAMLESS LTD | 862.05 | 9.77 | 8,419.2 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs STEEL AUTHORITY OF INDIA 's P/E Ratio
Top 10 Industry Peers | PE 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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