Eicher Motors P/E
What is the P/E of Eicher Motors?
The P/E of Eicher Motors Limited is 99.18
What is the definition of P/E?
Price to earnings ratio is the ratio of a company’s stock price to the company’s earnings per share calculated over trailing twelve months.
= previous day’s close / ttm EPS
The price to earnings ratio is the most widely used method for determining whether shares are accurately valued in relation to one another. But the P/E ratio does not in itself indicate whether the share is a bargain. The P/E ratio depends on the market’s perception of the risk and future growth in earnings. A company with a low P/E ratio indicates that the market perceives it as a higher risk or a lower growth or both as compared to a company with a higher price to earnings ratio. The P/E ratio of a listed company’s stock is the result of the collective perception of the market as to how risky the company is and what its earnings growth prospects are in relation to that of other companies. Investors use the P/E ratio to compare their own perception of the risk and growth of a company against the market’s collective perception of the risk and growth as reflected in the current P/E ratio.
P/E of companies in the Consumer Discretionary sector on BSE compared to Eicher Motors
What does Eicher Motors do?
Eicher Motors Limited manufactures and sells motorcycles and commercial vehicles in India and internationally. The company owns the Royal Enfield motorcycle brand that offers Classic, Bullet, Himalayan, Interceptor INT 650, Continental GT 650, and Thunderbird models. It designs, develops, manufactures, assembles, and sells two-wheelers, as well as sells related parts and accessories. The company, through its joint venture, Volvo Eicher Commercial Vehicles Limited, manufactures and sells light and medium duty trucks, heavy duty trucks, and buses under the Eicher brand; Volvo trucks; and engineering components and aggregates. Eicher Motors Limited was founded in 1948 and is based in Gurugram, India.
Companies with p/e similar to Eicher Motors
- Prime Securities has P/E of 98.70
- Morepen Laboratories has P/E of 98.71
- Suprajit Engineering has P/E of 98.71
- Hindustan Unilever has P/E of 98.74
- Tasty Bite Eatables has P/E of 99.08
- DRDGold has P/E of 99.12
- Eicher Motors has P/E of 99.18
- CRISIL has P/E of 99.24
- Signify Health has P/E of 99.35
- Adani Transmissions has P/E of 99.58
- Touchstar plc has P/E of 99.75
- CG Power and Industrial Solutions has P/E of 99.83
- Crimson Wine has P/E of 99.83