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ELNET TECHNOLOGIES
PS (Price/Sales) Ratio

The Current P/S Ratio of ELNET TECHNOLOGIES is 6.09.

Share Price ₹374.2Nov 22,2024
Market Cap ₹149.7 Cr
Sales-TTM₹24.6 CrTTM-Standalone Results
Price/Sales6.09xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ELNET TECHNOLOGIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of ELNET TECHNOLOGIES is calculated as :

Current Market Cap [ ₹149.7 Cr] as on Nov 22,2024

(/) Sales [ ₹24.6 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 6.09x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for ELNET TECHNOLOGIES , the investors are currently willing to pay '6.09 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 ELNET TECHNOLOGIES !

The chart below summarizes the trend in P/S Ratio of ELNET TECHNOLOGIES over the last five years.

Historical PS (Price/Sales) ratio chart of ELNET TECHNOLOGIES


PS Ratio Performance Analysis for ELNET TECHNOLOGIES

- ELNET TECHNOLOGIES 's latest p/e ratio is 6.09x.

- ELNET TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.83x.

- ELNET TECHNOLOGIES 's operated at median p/e ratio of 2.6x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELNET TECHNOLOGIES 's p/e ratio peaked in Mar2024 at 5.06x.

- ELNET TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2020 of 1.33x.


How does ELNET TECHNOLOGIES 's P/S Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ELNET TECHNOLOGIES 24.66.09149.7
TATA CONSULTANCY SERVICES LTD248,692.06.181,536,150.0
INFOSYS LTD157,045.05.03790,152.0
HCL TECHNOLOGIES LTD113,864.04.53515,339.0
WIPRO LTD88,678.83.37298,942.0
LTIMINDTREE LTD36,485.04.98181,534.0
TECH MAHINDRA LTD52,291.33.27171,034.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD6,881.414.54100,044.0
PERSISTENT SYSTEMS LTD10,723.18.3289,208.8
L&T TECHNOLOGY SERVICES LTD9,994.15.6256,147.3
TATA ELXSI LTD3,701.711.0841,013.9

IT - Software Industry Benchmark (Top 10) PS Analysis vs ELNET TECHNOLOGIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 3.27x
Max industry PS 14.54x
Median industry PS 5.62x
Average industry PS 6.64x



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