Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kajaria Ceramics (BOM:500233) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Kajaria Ceramics Forward PE Ratio Related Terms
Kajaria Ceramics Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Kajaria Ceramics's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kajaria Ceramics Forward PE Ratio Chart
Kajaria Ceramics Annual Data
Trend
2018-03
2019-03
2025-03
2026-03
Forward PE Ratio
30.77
27.70
28.30
27.47
Kajaria Ceramics Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
30.77
28.99
22.03
24.21
27.70
31.80
28.30
41.59
39.05
26.54
27.47
31.50
BOM:500233 vs TT, JCI, CARR: Forward PE Ratio Comparison
For the Building Products & Equipment subindustry, Kajaria Ceramics's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kajaria Ceramics Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, Kajaria Ceramics's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Kajaria Ceramics's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Kajaria Ceramics (BOM:500233) has a Forward PE Ratio of 32.14 as of Sep. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Kajaria Ceramics and its competitors. According to the industry distribution chart, Kajaria Ceramics ranks #614 out of 656 companies in the Construction industry, placing it in the top 93.6%.
Is Kajaria Ceramics' Forward PE Ratio too high?
Kajaria Ceramics' current Forward PE Ratio is 32.14. The Construction industry median Forward PE Ratio is 12.64. Kajaria Ceramics' value of 32.14 is 154.3% above this industry median. Based on the distribution chart, Kajaria Ceramics ranks #614 out of 656 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kajaria Ceramics has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kajaria Ceramics' Forward PE Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Kajaria Ceramics ranks #614 out of 656 companies for Forward PE Ratio. This places Kajaria Ceramics in the lower half of its industry. The industry median Forward PE Ratio is 12.64. Kajaria Ceramics' value of 32.14 is 154.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Construction company?
The median Forward PE Ratio among Construction companies is 12.64, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kajaria Ceramics's current Forward PE Ratio of 32.14 is 154.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Kajaria Ceramics and its competitors. For the Construction industry, the median Forward PE Ratio is 12.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kajaria Ceramics's current Forward PE Ratio is 32.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kajaria Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Kajaria Ceramics (BOM:500233) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,350.53, compared to a current price of ₹1,212.35 — trading 10.2% below its estimated fair value. The current Forward PE Ratio is 32.14 and 154.3% above the Construction industry median of 12.64. Kajaria Ceramics' overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Kajaria Ceramics (BOM:500233), the current Forward PE Ratio is 32.14 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kajaria Ceramics (BOM:500233) Overvalued in 2026?
Based on GuruFocus' analysis, Kajaria Ceramics stock appears to be undervalued.
The current stock price of ₹1,212.35 is trading 10.2% below its estimated GF Value™ of ₹1,350.53.
GuruFocus considers Kajaria Ceramics to be Modestly Undervalued.
Key valuation signals for BOM:500233:
Forward PE Ratio: 32.14
GF Value™: ₹1,350.53 vs. price of ₹1,212.35 (10.2% below fair value)
Industry Position: 154.3% above the Construction median (#614 of 656)
No single metric tells the full story. See the BOM:500233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kajaria Ceramics Ltd is a manufacturer of indoor floor and wall tiles. The product range includes ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and tile adhesives and grout. Kajaria Ceramics' tiles and tile-related products are marketed through a distribution network of dealers and sub-dealers. The company has two operating segments: Tiles and other products, including bathware, sanitaryware, and plywood. The company operates mainly in India, with production and the majority of sales focused there.
90GF Score
Get the complete analysis for BOM:500233
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500233 has been successfully added to your 
