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Bajaj Auto (BOM:532977) 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 .
Bajaj Auto Forward PE Ratio Related Terms
Bajaj Auto Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Bajaj Auto'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.
Bajaj Auto Forward PE Ratio Chart
Bajaj Auto Annual Data
Trend
2016-03
2018-03
2019-03
2020-03
2021-03
2022-03
2023-03
2024-03
2025-03
2026-03
Forward PE Ratio
16.18
15.60
16.75
10.93
17.70
17.54
17.24
28.25
22.60
22.72
Bajaj Auto Quarterly Data
2015-12
2016-03
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
18.48
16.18
15.60
15.53
16.72
15.08
16.75
16.64
17.01
17.48
10.93
18.87
19.08
18.05
17.70
20.62
19.61
13.62
17.54
19.31
16.69
14.90
17.24
20.83
22.47
23.42
28.25
29.41
39.06
23.80
22.60
25.41
25.89
23.53
22.72
24.99
BOM:532977 vs TSLA, GM, F: Forward PE Ratio Comparison
For the Auto Manufacturers subindustry, Bajaj Auto'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.
Bajaj Auto Forward PE Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bajaj Auto's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Bajaj Auto'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.
Bajaj Auto (BOM:532977) has a Forward PE Ratio of 28.15 as of Sep. 10, 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 Bajaj Auto and its competitors. According to the industry distribution chart, Bajaj Auto ranks #514 out of 602 companies in the Vehicles & Parts industry, placing it in the top 85.4%.
Is Bajaj Auto's Forward PE Ratio too high?
Bajaj Auto's current Forward PE Ratio is 28.15. The Vehicles & Parts industry median Forward PE Ratio is 11.83. Bajaj Auto's value of 28.15 is 138.1% above this industry median. Based on the distribution chart, Bajaj Auto ranks #514 out of 602 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Bajaj Auto has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Auto's Forward PE Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bajaj Auto ranks #514 out of 602 companies for Forward PE Ratio. This places Bajaj Auto in the lower half of its industry. The industry median Forward PE Ratio is 11.83. Bajaj Auto's value of 28.15 is 138.1% 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 Vehicles & Parts company?
The median Forward PE Ratio among Vehicles & Parts companies is 11.83, based on 602 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. Bajaj Auto's current Forward PE Ratio of 28.15 is 138.1% 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 Bajaj Auto and its competitors. For the Vehicles & Parts industry, the median Forward PE Ratio is 11.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Auto's current Forward PE Ratio is 28.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Auto stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Auto (BOM:532977) is currently considered Fairly Valued. The stock's GF Value™ is ₹12,197.49, compared to a current price of ₹11,795.00 — trading 3.3% below its estimated fair value. The current Forward PE Ratio is 28.15 and 138.1% above the Vehicles & Parts industry median of 11.83. Bajaj Auto's overall GF Score™ is 92/100 with 5 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 Bajaj Auto (BOM:532977), the current Forward PE Ratio is 28.15 as of Sep. 10, 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 Bajaj Auto (BOM:532977) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Auto stock appears to be undervalued.
The current stock price of ₹11,795.00 is trading 3.3% below its estimated GF Value™ of ₹12,197.49.
GuruFocus considers Bajaj Auto to be Fairly Valued.
Key valuation signals for BOM:532977:
Forward PE Ratio: 28.15
GF Value™: ₹12,197.49 vs. price of ₹11,795.00 (3.3% below fair value)
Industry Position: 138.1% above the Vehicles & Parts median (#514 of 602)
No single metric tells the full story. See the BOM:532977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Auto Ltd is an automotive sales company. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles, etc., and parts thereof. The company sells its products in India as well as in various other global markets. It has three business segments Automotive, Investments, Financing and Others. The company derives the majority of its revenue from the Automotive segment.
92GF 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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