CEAT
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The Current P/S Ratio of CEAT is 0.90.
Share Price | ₹2,770.6 | Nov 12,2024 |
Market Cap | ₹11,220.9 Cr | |
Sales-TTM | ₹12,452.3 Cr | TTM-Consolidated Results |
Price/Sales | 0.90x | Calculated as Market Cap/Sales |
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Explore Stock Analytics |
Definition & Calculation of PS (Price/Sales) ratio of CEAT
P/S =
Market Capitalization
/
Sales
or, using per-share numbers:
P/S = Stock Price / Sales Per Share
Current Market Cap [ ₹11,220.9 Cr] as on Nov 12,2024
(/) Sales [ ₹12,452.3 Cr] based on TTM-Consolidated Results
(=) P/S Ratio [ 0.90x ]
Thus, for CEAT , the investors are currently willing to pay '0.90 times sales' to own 1 share of the company.
PS Multiples are one of the most widely used valuation multiple in the industry.
P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.
You may also explore Price to Earnings ratio or Price to Book ratio of CEAT !
The chart below summarizes the trend in P/S Ratio of CEAT over the last five years.
Historical PS (Price/Sales) ratio chart of CEAT
PS Ratio Performance Analysis for CEAT
- CEAT 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.63x.
- CEAT 's operated at median p/e ratio of 0.52x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CEAT 's p/e ratio peaked in Mar2024 at 0.91x.
- CEAT 's p/e ratio hit its five-year low in Mar2022 of 0.4x.
How does CEAT 's P/S Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Sales (Cr) | PS Ratio | Market Cap (Cr) |
---|---|---|---|
CEAT | 12,452.3 | 0.90 | 11,220.9 |
MRF LTD | 26,589.4 | 1.93 | 51,281.8 |
BALKRISHNA INDUSTRIES LTD | 10,090.6 | 5.25 | 52,938.9 |
APOLLO TYRES LTD | 25,468.0 | 1.18 | 29,938.7 |
JK TYRE & INDUSTRIES LTD | 14,646.8 | 0.70 | 10,200.4 |
TVS SRICHAKRA LTD | 3,014.8 | 0.94 | 2,833.2 |
GOODYEAR INDIA LTD | 2,515.6 | 0.94 | 2,355.6 |
Tyres & Allied Industry Benchmark (Top 10) PS Analysis vs CEAT 's P/S Ratio
Top 10 Industry Peers | PS Ratio |
---|---|
Min industry PS | 0.70x |
Max industry PS | 5.25x |
Median industry PS | 0.94x |
Average industry PS | 1.69x |
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