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STOVEC INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of STOVEC INDUSTRIES is 40.74.

Share Price ₹2,994.7Nov 29,2024
Market Cap ₹628.9 Cr
Earnings-TTM₹15.4 CrTTM-Standalone Results
Price/Earnings40.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STOVEC INDUSTRIES

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 STOVEC INDUSTRIES is calculated as :

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 ]

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

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 latest p/e ratio is 40.74x.

- 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 RatioMarket Cap
STOVEC INDUSTRIES 15.4440.74628.9
LAKSHMI MACHINE WORKS LTD200.2386.6717,353.1
INDIAN CARD CLOTHING COMPANY LTD75.282.10158.2

Textile - Machinery Industry Benchmark (Top 10) PE Analysis vs STOVEC INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE 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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