Valuation Metrics Indicate Elevated Pricing
Times Green Ener currently trades at a price-to-earnings (PE) ratio of 69.7, which is significantly higher than most of its peers in the power and energy sector. This elevated PE ratio suggests that investors are paying a premium for the company’s earnings, reflecting high growth expectations or speculative interest. However, the price-to-book (P/B) value stands at 0.82, indicating that the market price is below the company’s book value, which is somewhat unusual given the high PE ratio.
Enterprise value multiples such as EV to EBIT and EV to EBITDA both hover around 30.5, again underscoring a very expensive valuation relative to earnings before interest, taxes, depreciation, and amortisation. These multiples are considerably...
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