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Elgi Equipments (BOM:522074) 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 .
Elgi Equipments Forward PE Ratio Related Terms
Elgi Equipments Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Elgi Equipments'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.
Elgi Equipments Forward PE Ratio Chart
Elgi Equipments Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
36.04
30.63
Elgi Equipments Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
39.61
36.04
40.30
37.72
30.48
30.63
39.58
BOM:522074 vs GEV, ETN, PH: Forward PE Ratio Comparison
For the Specialty Industrial Machinery subindustry, Elgi Equipments'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.
Elgi Equipments Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elgi Equipments's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Elgi Equipments'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.
Elgi Equipments (BOM:522074) has a Forward PE Ratio of 36.40 as of Sep. 09, 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 Elgi Equipments and its competitors. According to the industry distribution chart, Elgi Equipments ranks #1095 out of 1301 companies in the Industrial Products industry, placing it in the top 84.2%.
Is Elgi Equipments' Forward PE Ratio too high?
Elgi Equipments' current Forward PE Ratio is 36.40. The Industrial Products industry median Forward PE Ratio is 17.12. Elgi Equipments' value of 36.40 is 112.6% above this industry median. Based on the distribution chart, Elgi Equipments ranks #1095 out of 1301 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elgi Equipments has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' Forward PE Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elgi Equipments ranks #1095 out of 1301 companies for Forward PE Ratio. This places Elgi Equipments in the lower half of its industry. The industry median Forward PE Ratio is 17.12. Elgi Equipments' value of 36.40 is 112.6% 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 an Industrial Products company?
The median Forward PE Ratio among Industrial Products companies is 17.12, based on 1,301 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. Elgi Equipments's current Forward PE Ratio of 36.40 is 112.6% 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 Elgi Equipments and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 17.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elgi Equipments's current Forward PE Ratio is 36.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Fairly Valued. The stock's GF Value™ is ₹667.31, compared to a current price of ₹638.55 — trading 4.3% below its estimated fair value. The current Forward PE Ratio is 36.40 and 112.6% above the Industrial Products industry median of 17.12. Elgi Equipments' overall GF Score™ is 95/100 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 Elgi Equipments (BOM:522074), the current Forward PE Ratio is 36.40 as of Sep. 09, 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 Elgi Equipments (BOM:522074) Overvalued in 2026?
Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued.
The current stock price of ₹638.55 is trading 4.3% below its estimated GF Value™ of ₹667.31.
GuruFocus considers Elgi Equipments to be Fairly Valued.
Key valuation signals for BOM:522074:
Forward PE Ratio: 36.40
GF Value™: ₹667.31 vs. price of ₹638.55 (4.3% below fair value)
Industry Position: 112.6% above the Industrial Products median (#1095 of 1301)
No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
95GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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