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TATA STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of TATA STEEL is 67.56.

Share Price ₹139.5Nov 19,2024
Market Cap ₹174,082.4 Cr
Earnings-TTM₹2,576.7 CrTTM-Consolidated Results
Price/Earnings67.56xCalculated as Market Cap/Earnings
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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 [ ₹174,082.4 Cr] as on Nov 19,2024

(/) Earnings [ ₹2,576.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 67.56x ]

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 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 latest p/e ratio is 67.56x.

- 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 RatioMarket Cap
TATA STEEL 2,576.6867.56174,082.4
JSW STEEL LTD5,231.0044.30231,756.0
JINDAL STAINLESS LTD2,435.4023.2156,524.7
STEEL AUTHORITY OF INDIA LTD1,985.5123.1645,993.4
APL APOLLO TUBES LTD582.9369.7440,651.8
MOTHERSON SUMI WIRING INDIA LTD660.2541.1327,154.4
RATNAMANI METALS & TUBES LTD531.1444.9423,870.9
SHYAM METALICS AND ENERGY LTD837.3927.4622,997.7
WELSPUN CORP LTD849.1021.2618,052.3
JINDAL SAW LTD1,872.1310.2619,201.2
MAHARASHTRA SEAMLESS LTD862.059.488,173.3

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

Top 10 Industry PeersPE 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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