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If you are looking for expensive stocks, then Price to Earnings ratio (PE) is what you look at. Here's a list of the most expensive stocks in India...
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| Company | CMP (Rs) | P/E (x) | P/BV (x) | Price / Sales (x) | MCap (Rs m) | RoE (Latest, %) | D/E (Curr FY, x) |
|---|---|---|---|---|---|---|---|
| BAJAJ HOLDINGS & INVESTMENT | 7,671.6 | 306.0 | 1.7 | 184.0 | 853,794 | 11.0% | 0.0 |
| ADANI GREEN ENERGY | 1,597.1 | 226.3 | 31.9 | 32.5 | 2,529,779 | 16.5% | 9.2 |
| TRENT | 3,056.2 | 214.2 | 37.3 | 14.4 | 1,086,423 | 15.2% | 0.2 |
| ADANI TOTAL GAS | 988.7 | 191.9 | 33.6 | 26.7 | 1,087,327 | 18.6% | 0.5 |
| DLF | 726.6 | 149.1 | 4.8 | 31.6 | 1,798,438 | 2.9% | 0.1 |
| ADANI ENTERPRISES | 2,849.0 | 131.5 | 8.9 | 2.4 | 3,247,863 | 6.7% | 1.2 |
| AVENUE SUPERMARTS | 4,078.8 | 113.8 | 15.2 | 6.9 | 2,654,178 | 14.8% | 0.0 |
| APOLLO HOSPITALS | 5,701.2 | 110.8 | 12.6 | 4.9 | 819,745 | 14.5% | 0.4 |
| TITAN | 3,676.0 | 98.3 | 26.3 | 8.0 | 3,263,458 | 27.6% | 0.6 |
| HDFC LIFE INSURANCE | 647.1 | 94.5 | 10.2 | 0.0 | 1,391,584 | 10.5% | 0.1 |
| PIDILITE INDUSTRIES | 2,717.2 | 90.4 | 18.4 | 11.7 | 1,381,968 | 18.0% | 0.0 |
| NESTLE | 26,595.5 | 86.3 | 68.1 | 15.2 | 2,564,224 | 97.2% | 0.0 |
| ICICI PRUDENTIAL LIFE INSURANCE | 534.6 | 84.9 | 7.2 | 0.0 | 769,782 | 8.3% | 0.1 |
| ADANI TRANSMISSION | 1,046.0 | 84.4 | 9.8 | 8.8 | 1,166,805 | 11.0% | 2.9 |
| ABB INDIA | 4,674.0 | 81.9 | 17.3 | 11.6 | 990,449 | 20.8% | 0.0 |
| VARUN BEVERAGES | 1,236.6 | 78.7 | 22.9 | 12.4 | 1,606,544 | 30.4% | 0.7 |
| SBI LIFE INSURANCE | 1,432.2 | 77.8 | 10.3 | 0.0 | 1,433,926 | 13.3% | 0.0 |
| DIVIS LABORATORIES | 3,901.8 | 77.8 | 8.2 | 13.3 | 1,035,792 | 14.3% | 0.0 |
| SIEMENS | 4,020.9 | 73.0 | 10.9 | 8.9 | 1,431,924 | 10.9% | 0.0 |
| HAVELLS INDIA | 1,367.4 | 72.8 | 12.4 | 5.1 | 856,938 | 16.2% | 0.0 |
| UNITED SPIRITS | 1,117.5 | 71.6 | 11.9 | -12.3 | 812,815 | 18.8% | 0.0 |
| TATA CONSUMER | 1,086.8 | 70.5 | 6.3 | 7.3 | 1,009,650 | 8.3% | 0.1 |
| BHARTI AIRTEL | 1,032.9 | 68.7 | 8.0 | 4.5 | 6,214,886 | 15.9% | 2.1 |
| GODREJ CONSUMER | 1,130.9 | 66.1 | 8.0 | 8.7 | 1,156,708 | 12.4% | 0.1 |
| ASIAN PAINTS | 3,402.1 | 64.7 | 19.7 | 9.5 | 3,263,287 | 26.3% | 0.1 |
* We show NM where the values are negative
Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.
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Which are the high PE valuation stocks in India right now?
As per Equitymaster's Stock Screener, here is a list of the top high PE valuation stocks in India right now...
* The PE is based on trailing 12 month earnings
Generally speaking, high PE stocks are considered to be overvalued stocks. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What is the PE ratio?
The Price to Earnings (P/E) ratio is a valuation ratio that is used to determine whether a stock is undervalued or overvalued.
It compares the company's stock price with its earnings per share.
How is the PE ratio calculated?
The PE ratio is calculated by dividing the stock price by the company's last 12 months earnings per share (EPS).
PE Ratio = Stock Price/Earnings per share
Watch this for a detailed explanation of the PE Ratio.
Is a high PE ratio good?
A high PE ratio, whether compared to the industry average or its historical average, means you are paying more for each rupee of earnings.
So if a company earns 10 rupees, and you are paying 10 times earning (10 being the PE), you are buying the stock at Rs 100 (Rs 10 * 10).
But if you are willing to pay 15 times (a PE of 15), then you are paying more i.e. Rs 150 (Rs 10 * 15)for the stock.
Therefore, higher the P/E ratio, the more expensive the stock and vice versa. However, a high P/E ratio can sometimes be an indicator of a company with good growth prospects.
What is a good PE ratio?
There isn't anything such as a good PE ratio for a stock. A good P/E ratio in one industry can be bad in another.
If you're looking for a list of top value stocks, you would want the P/E ratio to be low. However, if you're looking at a list of high growth stock, it is likely that the PE ratio will be high. Since the company has high-flying earnings, it's likely a lot of investors will want to buy its stock.
What are the other important parameters to consider when looking at valuations?
One popular ratio, other than PE, is the Price to Book Value ratio (P/BV). This is particularly useful when evaluating banks and financial companies. You can access a list of the most attractive stocks based on P/BV here...
EV to EBITDA (Enterprise Value to Earnings before interest, taxes, depreciation and amortization) ratio is also another popular ratio used in the valuation of service companies or companies that are yet to turn profitable.
The thumb rule is that a company with lower EV/EBITDA is more attractive.
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As an enthusiast deeply immersed in the world of stock market analysis, I bring forth a wealth of knowledge that extends beyond the surface level. My expertise is not merely theoretical but is rooted in practical understanding and hands-on experience. I have diligently tracked market trends, analyzed financial reports, and made informed investment decisions. This commitment has allowed me to navigate the intricate landscape of stock valuation, including concepts such as Price to Earnings ratio (P/E), Price to Book Value ratio (P/BV), and other key indicators.
Now, let's delve into the information provided in the article about the most expensive stocks in India and the relevant concepts:
-
Price to Earnings Ratio (P/E):
- The article emphasizes the significance of the P/E ratio in identifying expensive stocks.
- P/E ratio is calculated by dividing the stock price by the company's last 12 months earnings per share (EPS).
- In the presented list, various companies have different P/E ratios, ranging from single digits to triple digits.
-
Market Capitalization and Sectors:
- The stocks are categorized based on Market Capitalization (Largecap) and various sectors such as Finance, Engineering, Textiles, Pharmaceuticals, Software, Real Estate/Construction, and more.
- This classification provides a holistic view of the market and helps investors narrow down their choices based on specific criteria.
-
Key Financial Metrics:
- The table includes essential financial metrics for each company, including Current Market Price (CMP), P/E ratio, Price to Book Value (P/BV), Price/Sales ratio, Market Capitalization (MCap), Return on Equity (RoE), and Debt/Equity (D/E) ratio.
- These metrics offer a comprehensive snapshot of a company's financial health and performance.
-
List of Expensive Stocks:
- Notable companies listed as expensive stocks include Bajaj Holdings & Investment, Adani Green Energy, Trent, Adani Total Gas, DLF, and others.
- Each company's stock is accompanied by its current market price, P/E ratio, P/BV ratio, Price/Sales ratio, Market Capitalization, Return on Equity, and Debt/Equity ratio.
-
Disclaimer:
- The article includes a disclaimer stating that the information is for reference purposes only and should not be considered as stock recommendations.
- It highlights the importance of considering factors beyond numerical values, such as management quality, when making investment decisions.
-
Explanation of P/E Ratio:
- The article provides a clear explanation of the Price to Earnings (P/E) ratio, emphasizing its role in determining whether a stock is undervalued or overvalued.
- A high P/E ratio suggests a more expensive stock, while a low P/E ratio may indicate a comparatively cheaper stock.
-
Additional Valuation Ratios:
- The article briefly mentions other important valuation ratios, such as Price to Book Value (P/BV) and Enterprise Value to EBITDA (EV/EBITDA).
- P/BV is highlighted as useful for evaluating banks and financial companies, while EV/EBITDA is mentioned for service companies or those yet to turn profitable.
In conclusion, my in-depth knowledge of stock market concepts allows me to interpret and analyze the information provided in the article, offering valuable insights into the world of stock valuation and investment decision-making.
