STOVEC INDUSTRIES
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The Current P/E Ratio of STOVEC INDUSTRIES is 40.74.
Share Price | ₹2,994.7 | Nov 29,2024 |
Market Cap | ₹628.9 Cr | |
Earnings-TTM | ₹15.4 Cr | TTM-Standalone Results |
Price/Earnings | 40.74x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of STOVEC INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹628.9 Cr] as on Nov 29,2024
(/) Earnings [ ₹15.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 40.74x ]
Thus, for STOVEC INDUSTRIES , the investors are currently willing to pay 40.74 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 STOVEC INDUSTRIES !
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 STOVEC INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of STOVEC INDUSTRIES
PE Ratio Performance Analysis for STOVEC INDUSTRIES
- STOVEC INDUSTRIES 's p/e ratio for fiscal years ending Dec2023 to Dec2019 averaged 27.80x.
- STOVEC INDUSTRIES 's operated at median p/e ratio of 19.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, STOVEC INDUSTRIES 's p/e ratio peaked in Dec2023 at 57.67x.
- STOVEC INDUSTRIES 's p/e ratio hit its five-year low in Dec2019 of 15.29x.
How does STOVEC INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Textile - Machinery Industry?
Peer Comparison (Textile - Machinery Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
STOVEC INDUSTRIES | 15.44 | 40.74 | 628.9 |
LAKSHMI MACHINE WORKS LTD | 200.23 | 86.67 | 17,353.1 |
INDIAN CARD CLOTHING COMPANY LTD | 75.28 | 2.10 | 158.2 |
Textile - Machinery Industry Benchmark (Top 10) PE Analysis vs STOVEC INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 2.10x |
Max industry PE | 86.67x |
Median industry PE | 40.74x |
Average industry PE | 43.17x |
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