TATA STEEL
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The Current P/E Ratio of TATA STEEL is 67.56.
Share Price | ₹139.5 | Nov 19,2024 |
Market Cap | ₹174,082.4 Cr | |
Earnings-TTM | ₹2,576.7 Cr | TTM-Consolidated Results |
Price/Earnings | 67.56x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TATA STEEL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹174,082.4 Cr] as on Nov 19,2024
(/) Earnings [ ₹2,576.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 67.56x ]
Thus, for TATA STEEL , the investors are currently willing to pay 67.56 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 p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.65x.
- 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 Mar2024 of 0x.
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 Ratio | Market Cap |
---|---|---|---|
TATA STEEL | 2,576.68 | 67.56 | 174,082.4 |
JSW STEEL LTD | 5,231.00 | 44.30 | 231,756.0 |
JINDAL STAINLESS LTD | 2,435.40 | 23.21 | 56,524.7 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 23.16 | 45,993.4 |
APL APOLLO TUBES LTD | 582.93 | 69.74 | 40,651.8 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 41.13 | 27,154.4 |
RATNAMANI METALS & TUBES LTD | 531.14 | 44.94 | 23,870.9 |
SHYAM METALICS AND ENERGY LTD | 837.39 | 27.46 | 22,997.7 |
WELSPUN CORP LTD | 849.10 | 21.26 | 18,052.3 |
JINDAL SAW LTD | 1,872.13 | 10.26 | 19,201.2 |
MAHARASHTRA SEAMLESS LTD | 862.05 | 9.48 | 8,173.3 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs TATA STEEL 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.48x |
Max industry PE | 69.74x |
Median industry PE | 27.46x |
Average industry PE | 34.77x |
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