TCNS CLOTHING CO
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The Current P/E Ratio of TCNS CLOTHING CO is -11.87.
Share Price | ₹583.9 | Sep 02,2024 |
Market Cap | ₹3,696.1 Cr | |
Earnings-TTM | ₹-311.3 Cr | TTM-Standalone Results |
Price/Earnings | -11.87x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TCNS CLOTHING CO
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹3,696.1 Cr] as on Sep 02,2024
(/) Earnings [ ₹-311.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -11.87x ]
Thus, for TCNS CLOTHING CO , the investors are currently willing to pay -11.87 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 TCNS CLOTHING CO !
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 TCNS CLOTHING CO over the last five years.
Historical PE (Price/Earnings) ratio chart of TCNS CLOTHING CO
PE Ratio Performance Analysis for TCNS CLOTHING CO
- TCNS CLOTHING CO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.66x.
- TCNS CLOTHING CO 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TCNS CLOTHING CO 's p/e ratio peaked in Mar2019 at 38.19x.
- TCNS CLOTHING CO 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does TCNS CLOTHING CO 's P/E Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TCNS CLOTHING CO | -311.31 | -11.87 | 3,696.1 |
PAGE INDUSTRIES LTD | 621.04 | 87.70 | 54,464.3 |
KPR MILL LTD | 808.98 | 48.54 | 39,271.0 |
VEDANT FASHIONS LTD | 402.90 | 78.23 | 31,520.4 |
SWAN ENERGY LTD | 610.38 | 38.01 | 23,198.9 |
WELSPUN LIVING LTD | 697.59 | 22.43 | 15,643.8 |
ALOK INDUSTRIES LTD | -913.83 | -11.51 | 10,521.3 |
VARDHMAN TEXTILES LTD | 751.84 | 20.19 | 15,180.2 |
ARVIND LTD | 305.09 | 35.48 | 10,825.4 |
GARWARE TECHNICAL FIBRES LTD | 225.46 | 38.02 | 8,572.6 |
JINDAL WORLDWIDE LTD | 84.60 | 93.54 | 7,913.5 |
Textile Industry Benchmark (Top 10) PE Analysis vs TCNS CLOTHING CO 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -11.87x |
Max industry PE | 93.54x |
Median industry PE | 38.01x |
Average industry PE | 39.89x |
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