Magma Fincorp Forward P/E
What is the Forward P/E of Magma Fincorp?
The Forward P/E of Magma Fincorp Limited is 1.38
What is the definition of Forward P/E?
Forward price to earnings ratio is the ratio of a company’s stock price to the company’s estimated earnings per share for the next twelve months.
The forward price to earnings ratio is similar to trailing price to earnings ratio but instead of net income uses estimated net earnings over next 12 months. Estimates are typically derived as the mean of those published by a select group of analysts with selection criteria varying. The forward price-to-earnings ratio is a powerful, but limited tool. It allows a quick snapshot of the company’s finances without getting down in the details of an accounting report.
Forward P/E of companies in the Finance sector on NSE compared to Magma Fincorp
What does Magma Fincorp do?
Magma Fincorp Limited, a non-banking financial company, provides asset finance services in India. The company offers loans for cars, SMEs, construction equipment, commercial vehicles, tractors, and used vehicles. It also provides housing finance; and auto leasing services. The company operates a network of 314 branches. Magma Fincorp Limited was incorporated in 1978 and is headquartered in Mumbai, India.
Companies with forward p/e similar to Magma Fincorp
- Trigyn Technologies has Forward P/E of 1.34
- China SCE Property has Forward P/E of 1.35
- Linekong Interactive Co has Forward P/E of 1.35
- National Fittings has Forward P/E of 1.35
- Premco Global has Forward P/E of 1.37
- Pure Gold Mining has Forward P/E of 1.37
- Magma Fincorp has Forward P/E of 1.38
- Navkar has Forward P/E of 1.39
- Arrow Exploration has Forward P/E of 1.40
- Filatex India has Forward P/E of 1.40
- Shimao Property has Forward P/E of 1.41
- Be Heard plc has Forward P/E of 1.41
- Saturn Oil & Gas has Forward P/E of 1.41