What is the PE ratio of Fedbank Financial Services?
What is the current P/E ratio of Fedbank Financial Services Ltd? The P/E ratio of Fedbank Financial Services Ltd is 27.66 times as on 20-Jan-2024, a 0.04% premium to its peers' median range of 26.59 times.
What is the current P/E ratio of Fedbank Financial Services Ltd? The P/E ratio of Fedbank Financial Services Ltd is 27.66 times as on 20-Jan-2024, a 0.04% premium to its peers' median range of 26.59 times.
Average P/E Ratio for the Financial Services Industry
Specifically, investors study the P/E ratios of brokerage firms, banking operations, asset managers, as well as debt and credit service providers. To cite an actual example, on August 2021, the average P/E ratio of the financial services industry was 7.60.
PE Ratio of Federal Bank is 9.82.
| Summary | Date | LTP |
|---|---|---|
| 22 Nov 2023 | 124.90 | |
| Broker Report Fedbank Financial Services Limited Hem Securities pdf Copy Link Share on Share on Share on Share on Alert | ||
| 21 Nov 2023 | 124.90 | |
| 21 Nov 2023 | 124.90 | |
The P/E multiple paid for strong earning sellers is almost always lower than the national median and average multiple because these high performing banks have already done the heavy lifting by keeping costs low, and it is reflected in their standalone earnings.
| Citigroup Inc | 17.22 |
|---|---|
| JPMorgan Chase & Co | 11.04 |
| PNC Financial Services Group Inc | 11.46 |
| Wells Fargo & Co | 11.83 |
| U.S. Bancorp | 12.49 |
Warren Buffett wrote “Common yardsticks such as dividend yield, the ratio of price to earnings or to book value, and even growth rates have nothing to do with valuation except to the extent they provide clues to the amount and timing of cash flows into and from the business.”
Strong customer loyalty, profitable store growth, and consistently higher profitability have led to an ever-increasing share price. That means you'll pay up to buy the shares. Costco's price-to-earnings (P/E) ratio stands at 49. That's much higher than the S&P 500's P/E multiple of 27.
As shown in the table, the Health Information Services industry has the highest average P/E ratio of 53.53, followed by Software - Application at 43.36. In contrast, the Thermal Coal industry has the lowest average P/E ratio of 5.02, followed by the Insurance - Reinsurance industry at 6.5.
What is the PE ratio of the S&P 600?
The S&P 600 Index's forward price-to-earnings (P/E) ratio was 12.6 as of November 21, 2023.
S&P 500 P/E Ratio Forward Estimate is at a current level of 20.87, down from 21.52 last quarter and down from 23.97 one year ago. This is a change of -3.00% from last quarter and -12.92% from one year ago.
Basic Info
Historically, PE Ratio (TTM) for the S&P 500 reached a record high of 131.39 and a record low of 5.31, the median value is 17.89. Typical value range is from 19.83 to 28.07.
What is the Federal Bank Share Price Target 2025? Federal Bank Share Price Target 2025 is between Rs 195 and Rs 158. What is the Federal Bank Share Price Target 2026? Federal Bank Share Price Target for the year 2026 is between Rs 223 and Rs 188.
Fedbank Financial Services is trading at 123.60 as on Fri Apr 12 2024 09:59:35. This is 0.00% upper as compared to its previous closing price of 123.60.
The total IPO size is ₹1,092.26 cr. The share allotment date is 28th November, and the IPO will be listed on 30th of November on the stock exchanges. The price band is ₹133 to ₹140 per share and the lot size is 107 shares.
The biggest limitation of the P/E ratio: It tells investors next to nothing about the company's EPS growth prospects. If the company is growing quickly, you will be comfortable buying it even it had a high P/E ratio, knowing that growth in EPS will bring the P/E back down to a lower level.
| Symbol | Company | PE Ratio 4-2-24 |
|---|---|---|
| EXPR | Express | 0.0 |
| SBNY | Signature Bank | 0.1 |
| RHE | Regional Health Ppty | 0.1 |
| NCMI | National Cinemedia | 0.2 |
A high P/E typically means a stock's price is high relative to earnings. A low P/E indicates a stock's price is low compared to earnings and the company may be losing money. A consistently negative P/E ratio run the risk of bankruptcy.
A higher PE suggests high expectations for future growth, perhaps because the company is small or is an a rapidly expanding market. For others, a low PE is preferred, since it suggests expectations are not too high and the company is more likely to outperform earnings forecasts.
How much PE ratio is overvalued?
Investors and analysts consider stocks which have a P/E ratio of 50 or above to be an overvalued share, especially in comparison to a stock which has a ratio at par with or below 10.
Although eight is a lower P/E, and thus technically a more attractive valuation, it's also likely that this company is facing financial difficulties leading to the lower EPS and the low $2 stock price. Conversely, a high P/E ratio could mean a company's stock price is overvalued.
Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule.
CVS and Buffett's 10x pretax rule
The rule really is an observation that Buffett has paid ~10x pretax earnings for many of his largest and best deals, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and the more recent Apple investment.
Average PE of Nifty in the last 20 years was around 20. * So PEs below 20 may provide good investment opportunities; lower the PE below 20, more attractive the investment potential.
