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Intermediate

Practice Drills: Comparing Relative Valuation Across Peer Companies

A practice-first course for investors who know what a P/E ratio is but want to use peer comparison properly. Every lesson is a drill built on a real Indian sector peer set: paints, FMCG, cement, private banks and NBFCs, quick service restaurants and IT services. You start by choosing peers that are genuinely comparable and pulling clean numbers from screener.in and annual reports. Then you drill each core multiple the way an analyst does: P/E after stripping one-offs, EV/EBITDA built from the balance sheet, P/B against ROE for lenders, and EV/Sales or price to cash flow where earnings mislead. You adjust for growth, returns and accounting differences, check a stock against its own history, and finish by turning peer medians and quartiles into an implied value range and a buy, hold or avoid view. Worksheet figures are illustrative; each drill shows you how to rerun it on live data.

Relative ValuationPeer ComparisonP/E and EV/EBITDAP/B and ROEValuation Bands

MODULES

4

DURATION

~2.8 hrs

TRACK

Value Investing

What You'll Master

Build a peer set that is genuinely comparable on business model, size, growth and accounting

Pull clean, consistent multiples from screener.in and annual reports without mixing TTM, FY, standalone and consolidated figures

Compute P/E, EV/EBITDA, P/B, EV/Sales and price to cash flow correctly, including the enterprise value bridge

Adjust multiples for growth, return on capital and accounting differences such as Ind AS 116 leases and holding company stakes

Tell whether a stock is cheap against its peers, against its own history, or neither

Turn peer medians and quartiles into an implied value range and reconcile multiples that disagree

Complete an end-to-end peer valuation of an Indian FMCG company and reach a reasoned conclusion

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

3 Lessons

How Peer Valuation Works, and Where It Misleads10 min read

Drill: Building a Genuinely Comparable Peer Set for Indian Paint Companies11 min read

Drill: Pulling Clean Multiples from screener.in and Annual Reports11 min read

Chapter 2: Drilling the Core Multiples

4 Lessons

Drill: Comparing P/E Across FMCG Peers After Stripping One-Offs and Other Income12 min read

Drill: Building EV/EBITDA for Cement Peers from the Balance Sheet12 min read

Drill: P/B and ROE Across Private Banks and NBFCs12 min read

Drill: EV/Sales and Price to Cash Flow When Earnings Mislead11 min read

Chapter 3: Adjusting for Growth, Returns and Quality

4 Lessons

Drill: PEG and Growth-Adjusted P/E Across IT Services Peers12 min read

Drill: Plotting P/B vs ROE and EV/EBITDA vs ROCE to Spot Outliers12 min read

Drill: Historical Valuation Bands, Cheap vs Its Own History or vs Peers11 min read

Drill: Accounting Differences That Distort Peer Multiples12 min read

Chapter 4: From Multiples to a Decision

3 Lessons

Drill: Deriving an Implied Value Range from Peer Median and Quartiles12 min read

Drill: Reconciling Multiples That Disagree11 min read

Capstone Drill: Full Peer Valuation of an FMCG Company End to End15 min read