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.
Bajaj Finserv (BOM:532978) 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 Finserv Forward PE Ratio Related Terms
Bajaj Finserv Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Bajaj Finserv'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 Finserv Forward PE Ratio Chart
Bajaj Finserv Annual Data
Trend
2016-03
2025-03
2026-03
Forward PE Ratio
10.50
27.42
20.80
Bajaj Finserv Quarterly Data
2015-12
2016-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
14.66
10.50
20.60
27.42
30.95
29.75
23.93
20.80
23.50
BOM:532978 vs FRHC, VOYA: Forward PE Ratio Comparison
For the Financial Conglomerates subindustry, Bajaj Finserv'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 Finserv Forward PE Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Bajaj Finserv's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Bajaj Finserv'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 Finserv (BOM:532978) has a Forward PE Ratio of 25.21 as of Sep. 21, 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 Finserv and its competitors. According to the industry distribution chart, Bajaj Finserv ranks #27 out of 30 companies in the Diversified Financial Services industry, placing it in the top 90%.
Is Bajaj Finserv's Forward PE Ratio too high?
Bajaj Finserv's current Forward PE Ratio is 25.21. The Diversified Financial Services industry median Forward PE Ratio is 11.25. Bajaj Finserv's value of 25.21 is 124.2% above this industry median. Based on the distribution chart, Bajaj Finserv ranks #27 out of 30 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Bajaj Finserv has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Finserv's Forward PE Ratio compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Bajaj Finserv ranks #27 out of 30 companies for Forward PE Ratio. This places Bajaj Finserv in the lower half of its industry. The industry median Forward PE Ratio is 11.25. Bajaj Finserv's value of 25.21 is 124.2% 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 Diversified Financial Services company?
The median Forward PE Ratio among Diversified Financial Services companies is 11.25, based on 30 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 Finserv's current Forward PE Ratio of 25.21 is 124.2% 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 Finserv and its competitors. For the Diversified Financial Services industry, the median Forward PE Ratio is 11.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Finserv's current Forward PE Ratio is 25.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Finserv stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Finserv (BOM:532978) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,402.51, compared to a current price of ₹1,849.85 — trading 23% below its estimated fair value. The current Forward PE Ratio is 25.21 and 124.2% above the Diversified Financial Services industry median of 11.25. Bajaj Finserv's overall GF Score™ is 84/100 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 Bajaj Finserv (BOM:532978), the current Forward PE Ratio is 25.21 as of Sep. 21, 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 Finserv (BOM:532978) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Finserv stock appears to be undervalued.
The current stock price of ₹1,849.85 is trading 23% below its estimated GF Value™ of ₹2,402.51.
GuruFocus considers Bajaj Finserv to be Modestly Undervalued.
Key valuation signals for BOM:532978:
Forward PE Ratio: 25.21
GF Value™: ₹2,402.51 vs. price of ₹1,849.85 (23% below fair value)
Industry Position: 124.2% above the Diversified Financial Services median (#27 of 30)
No single metric tells the full story. See the BOM:532978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Finserv Ltd is a non-banking financial services company headquartered in India that engages in lending activities. It services six lending verticals: consumer, small and midsize enterprises, commercial, rural, deposits, and partnerships and services. Bajaj's consumer and rural lending consists of funding solutions for consumer durables, such as vehicles and furniture, to personal loans. The commercial lending activities consist of funding for plant and machinery assets and term loans to SMEs. Its business segments include: Life Insurance, General Insurance, Windpower, Retail Finance, and Investment and Others. It derives maximum revenue from the Retail Finance segment. Geographically, the company derives all of its revenue from its operations in India.
84GF Score
Get the complete analysis for BOM:532978
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:532978 has been successfully added to your 
