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MAHANAGAR GAS
PS (Price/Sales) Ratio

The Current P/S Ratio of MAHANAGAR GAS is 1.83.

Share Price ₹1,311.4Nov 14,2024
Market Cap ₹12,956.6 Cr
Sales-TTM₹7,064.8 CrTTM-Standalone Results
Price/Sales1.83xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of MAHANAGAR GAS

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 MAHANAGAR GAS is calculated as :

Current Market Cap [ ₹12,956.6 Cr] as on Nov 14,2024

(/) Sales [ ₹7,064.8 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 1.83x ]

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

Thus, for MAHANAGAR GAS , the investors are currently willing to pay '1.83 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 MAHANAGAR GAS !

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

Historical PS (Price/Sales) ratio chart of MAHANAGAR GAS


PS Ratio Performance Analysis for MAHANAGAR GAS

- MAHANAGAR GAS 's latest p/e ratio is 1.83x.

- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.79x.

- MAHANAGAR GAS 's operated at median p/e ratio of 2.16x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2021 at 5.36x.

- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2023 of 1.54x.


How does MAHANAGAR GAS 's P/S Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Sales (Cr)PS RatioMarket Cap (Cr)
MAHANAGAR GAS 7,064.81.8312,956.6
ADANI TOTAL GAS LTD5,059.814.8775,243.5
GUJARAT GAS LTD16,941.61.9833,469.5
INDRAPRASTHA GAS LTD15,870.51.7928,416.5
GUJARAT STATE PETRONET LTD18,286.71.0819,795.4
CONFIDENCE FUTURISTIC ENERGETECH LTD221.30.73161.2

Gas Transmission/Marketing Industry Benchmark (Top 10) PS Analysis vs MAHANAGAR GAS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.73x
Max industry PS 14.87x
Median industry PS 1.83x
Average industry PS 3.71x



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