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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 11.57.

Share Price ₹884.7Nov 19,2024
Market Cap ₹2,370.9 Cr
Earnings-TTM₹204.8 CrTTM-Consolidated Results
Price/Earnings11.57xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)

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 VERITAS (INDIA) is calculated as :

Current Market Cap [ ₹2,370.9 Cr] as on Nov 19,2024

(/) Earnings [ ₹204.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 11.57x ]

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

Thus, for VERITAS (INDIA) , the investors are currently willing to pay 11.57 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 VERITAS (INDIA) !

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 VERITAS (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of VERITAS (INDIA)


PE Ratio Performance Analysis for VERITAS (INDIA)

- VERITAS (INDIA) 's latest p/e ratio is 11.57x.

- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.92x.

- VERITAS (INDIA) 's operated at median p/e ratio of 2.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VERITAS (INDIA) 's p/e ratio peaked in Mar2024 at 15.36x.

- VERITAS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0.59x.


How does VERITAS (INDIA) 's P/E Ratio benchmark against top 10 peers in Trading Industry?

Peer Comparison (Trading Industry)Earnings-TTM (Cr)PE RatioMarket Cap
VERITAS (INDIA) 204.8411.572,370.9
ADANI ENTERPRISES LTD5,730.2843.96251,906.0
REDINGTON LTD1,171.6912.7814,971.0
HONASA CONSUMER LTD78.0698.797,711.3
MMTC LTD124.4988.8011,055.0
MSTC LTD208.0220.854,336.3
LLOYDS ENTERPRISES LTD185.7930.105,592.3
NOVARTIS INDIA LTD87.4028.942,529.2
OPTIEMUS INFRACOM LTD62.3483.475,203.0
MISHTANN FOODS LTD9.86151.771,495.7
SIRCA PAINTS INDIA LTD46.5137.971,765.9

Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.57x
Max industry PE 151.77x
Median industry PE 37.97x
Average industry PE 55.36x



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