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ITCLUX:ITC 87 Forward PE Ratio is 33.95 as of Jul. 18, 2026. GuruFocus rates LUX:ITC with a GF Score™ of 87/100 and a GF Value™ of $9.09. The stock has 1 warning sign investors should review. Among 24 Tobacco Products companies, ITC ranks worse than 79.17% on this metric.
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 .
ITC Forward PE Ratio Related Terms
ITC Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for ITC'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.
ITC Forward PE Ratio Chart
ITC Annual Data
Trend
2016-03
2018-03
2019-03
2020-03
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
22.99
24.51
25.25
13.07
16.37
18.87
23.31
26.70
31.43
ITC Quarterly Data
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
22.99
24.51
25.51
29.07
23.53
25.25
23.92
20.58
17.09
13.07
17.73
15.87
16.75
16.37
16.53
19.88
16.31
18.87
19.16
23.75
20.66
23.31
27.17
26.81
25.64
24.55
26.70
26.96
28.65
26.32
31.43
LUX:ITC vs PM, MO, TPB: Forward PE Ratio Comparison
For the Tobacco subindustry, ITC'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.
ITC Forward PE Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, ITC's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where ITC'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.
ITC (LUX:ITC) has a Forward PE Ratio of 33.95 as of Jul. 18, 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 ITC and its competitors. According to the industry distribution chart, ITC ranks #19 out of 24 companies in the Tobacco Products industry, placing it in the top 79.2%.
Is ITC's Forward PE Ratio too high?
ITC's current Forward PE Ratio is 33.95. The Tobacco Products industry median Forward PE Ratio is 11.85. ITC's value of 33.95 is 186.6% above this industry median. Based on the distribution chart, ITC ranks #19 out of 24 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, ITC has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does ITC's Forward PE Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, ITC ranks #19 out of 24 companies for Forward PE Ratio. This places ITC in the lower half of its industry. The industry median Forward PE Ratio is 11.85. ITC's value of 33.95 is 186.6% 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 a Tobacco Products company?
The median Forward PE Ratio among Tobacco Products companies is 11.85, based on 24 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. ITC's current Forward PE Ratio of 33.95 is 186.6% 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 ITC and its competitors. For the Tobacco Products industry, the median Forward PE Ratio is 11.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITC's current Forward PE Ratio is 33.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC stock overvalued right now?
ITC (LUX:ITC) has a current Forward PE Ratio of 33.95. The stock's GF Value™ is $9.09, compared to a current price of $5.50 — trading 39.5% below its estimated fair value. The current Forward PE Ratio is 33.95 and 186.6% above the Tobacco Products industry median of 11.85. ITC's overall GF Score™ is 87/100 with 1 warning sign 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 ITC (LUX:ITC), the current Forward PE Ratio is 33.95 as of Jul. 18, 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 ITC (LUX:ITC) Overvalued in 2026?
Based on GuruFocus' analysis, ITC stock appears to be undervalued.
The current stock price of $5.50 is trading 39.5% below its estimated GF Value™ of $9.09.
Key valuation signals for LUX:ITC:
Forward PE Ratio: 33.95
GF Value™: $9.09 vs. price of $5.50 (39.5% below fair value)
Industry Position: 186.6% above the Tobacco Products median (#19 of 24)
No single metric tells the full story. See the LUX:ITC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
87GF Score
Get the complete analysis for LUX:ITC
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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