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THYROCARE TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of THYROCARE TECHNOLOGIES is 43.72.

Share Price ₹721.9Feb 14,2025
Market Cap ₹3,826.1 Cr
Earnings-TTM₹87.5 CrTTM-Consolidated Results
Price/Earnings43.72xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of THYROCARE TECHNOLOGIES

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 THYROCARE TECHNOLOGIES is calculated as :

Current Market Cap [ ₹3,826.1 Cr] as on Feb 14,2025

(/) Earnings [ ₹87.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 43.72x ]

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

Thus, for THYROCARE TECHNOLOGIES , the investors are currently willing to pay 43.72 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 THYROCARE TECHNOLOGIES !

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 THYROCARE TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of THYROCARE TECHNOLOGIES


PE Ratio Performance Analysis for THYROCARE TECHNOLOGIES

- THYROCARE TECHNOLOGIES 's latest p/e ratio is 43.72x.

- THYROCARE TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 34.83x.

- THYROCARE TECHNOLOGIES 's operated at median p/e ratio of 34.45x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, THYROCARE TECHNOLOGIES 's p/e ratio peaked in Mar2024 at 44.13x.

- THYROCARE TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2022 of 23.25x.


How does THYROCARE TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
THYROCARE TECHNOLOGIES 87.5243.723,826.1
APOLLO HOSPITALS ENTERPRISE LTD1,317.9068.3790,104.8
MAX HEALTHCARE INSTITUTE LTD1,008.4296.8797,685.7
GLOBAL HEALTH LTD507.2958.7529,803.8
FORTIS HEALTHCARE LTD813.3055.9745,520.2
NARAYANA HRUDAYALAYA LTD779.1834.8727,167.7
ASTER DM HEALTHCARE LTD304.6668.1420,759.8
DR LAL PATHLABS LTD422.5051.8421,900.8
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD380.0261.1923,252.1
RAINBOW CHILDRENS MEDICARE LTD238.7455.1613,169.2
METROPOLIS HEALTHCARE LTD152.8156.438,622.7

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs THYROCARE TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 34.87x
Max industry PE 96.87x
Median industry PE 56.43x
Average industry PE 59.21x



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