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Empire Industries (BOM:509525) PE Ratio (TTM) : 15.45 (As of Oct. 31, 2024)


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What is Empire Industries PE Ratio (TTM)?

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-10-31), Empire Industries's share price is ₹1044.35. Empire Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹67.60. Therefore, Empire Industries's PE Ratio (TTM) for today is 15.45.

Good Sign:

Empire Industries Ltd stock PE Ratio (=15.05) is close to 1-year low of 13.96


The historical rank and industry rank for Empire Industries's PE Ratio (TTM) or its related term are showing as below:

BOM:509525' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 8.76   Med: 18.05   Max: 40.13
Current: 15.44


During the past 13 years, the highest PE Ratio (TTM) of Empire Industries was 40.13. The lowest was 8.76. And the median was 18.05.


BOM:509525's PE Ratio (TTM) is ranked worse than
57.93% of 397 companies
in the Conglomerates industry
Industry Median: 13.13 vs BOM:509525: 15.44

Empire Industries's Earnings per Share (Diluted) for the three months ended in Jun. 2024 was ₹16.14. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹67.60.

As of today (2024-10-31), Empire Industries's share price is ₹1044.35. Empire Industries's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was ₹67.60. Therefore, Empire Industries's PE Ratio without NRI for today is 15.45.

During the past 13 years, Empire Industries's highest PE Ratio without NRI was 40.13. The lowest was 8.43. And the median was 21.49.

Empire Industries's EPS without NRI for the three months ended in Jun. 2024 was ₹16.14. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was ₹67.60.

During the past 12 months, Empire Industries's average EPS without NRI Growth Rate was 13.60% per year. During the past 3 years, the average EPS without NRI Growth Rate was 41.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 3.70% per year. During the past 10 years, the average EPS without NRI Growth Rate was -2.20% per year.

During the past 13 years, Empire Industries's highest 3-Year average EPS without NRI Growth Rate was 45.60% per year. The lowest was -30.30% per year. And the median was 2.20% per year.

Empire Industries's EPS (Basic) for the three months ended in Jun. 2024 was ₹16.14. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹67.60.


Empire Industries PE Ratio (TTM) Historical Data

The historical data trend for Empire Industries's PE Ratio (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Empire Industries PE Ratio (TTM) Chart

Empire Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.90 28.66 15.15 10.32 14.46

Empire Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
PE Ratio (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.50 17.97 14.77 14.46 14.75

Competitive Comparison of Empire Industries's PE Ratio (TTM)

For the Conglomerates subindustry, Empire Industries's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Empire Industries's PE Ratio (TTM) Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Empire Industries's PE Ratio (TTM) falls into.



Empire Industries PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Empire Industries's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=1044.35/67.600
=15.45

Empire Industries's Share Price of today is ₹1044.35.
Empire Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹67.60.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Empire Industries  (BOM:509525) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


Empire Industries PE Ratio (TTM) Related Terms

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Empire Industries Business Description

Traded in Other Exchanges
N/A
Address
414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013
Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

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