Home > PE Ratio > TATA STEEL

TATA STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of TATA STEEL is -43.01.

Share Price ₹167.2May 31,2024
Market Cap ₹208,661.7 Cr
Earnings-TTM₹-4,851.6 CrTTM-Consolidated Results
Price/Earnings-43.01xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for TATA STEEL
Please provide your vote to see the results
TATA STEEL is part of below Screeners ↓
Top Large Cap Stocks with Best Fundamentals

Definition & Calculation of PE (Price/Earnings) ratio of TATA STEEL

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 TATA STEEL is calculated as :

Current Market Cap [ ₹208,661.7 Cr] as on May 31,2024

(/) Earnings [ ₹-4,851.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -43.01x ]

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

Thus, for TATA STEEL , the investors are currently willing to pay -43.01 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 TATA STEEL !

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 TATA STEEL over the last five years.

Historical PE (Price/Earnings) ratio chart of TATA STEEL


PE Ratio Performance Analysis for TATA STEEL

- TATA STEEL 's latest p/e ratio is -43.01x.

- TATA STEEL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.76x.

- TATA STEEL 's operated at median p/e ratio of 1.3x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TATA STEEL 's p/e ratio peaked in Mar2023 at 14.56x.

- TATA STEEL 's p/e ratio hit its five-year low in Mar2022 of 0.4x.


How does TATA STEEL '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
TATA STEEL -4,851.63-43.01208,661.7
JSW STEEL LTD9,145.0023.57215,555.0
JINDAL STAINLESS LTD2,640.3524.7765,409.5
STEEL AUTHORITY OF INDIA LTD2,628.0624.9065,427.5
APL APOLLO TUBES LTD732.4456.9041,675.9
MOTHERSON SUMI WIRING INDIA LTD638.3146.8829,922.1
RATNAMANI METALS & TUBES LTD625.1038.1123,821.8
SHYAM METALICS AND ENERGY LTD1,062.7915.9916,994.9
WELSPUN CORP LTD874.1616.4514,377.3
JINDAL SAW LTD1,591.8910.8017,188.4
MAHARASHTRA SEAMLESS LTD974.279.018,781.6

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

Top 10 Industry PeersPE Ratio
Min industry PE -43.01x
Max industry PE 56.90x
Median industry PE 23.57x
Average industry PE 20.40x



You may also like the below Video Courses