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Bharat Petroleum (NSE:BPCL) 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 .
Bharat Petroleum Forward PE Ratio Related Terms
Bharat Petroleum Forward PE Ratio Historical Data
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The historical data trend for Bharat Petroleum'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.
Bharat Petroleum Forward PE Ratio Chart
Bharat Petroleum Annual Data
Trend
2018-03
2020-03
2021-03
2022-03
2025-03
2026-03
Forward PE Ratio
8.10
5.58
16.72
11.96
8.92
6.38
Bharat Petroleum Quarterly Data
2018-03
2018-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
8.10
7.82
11.04
9.83
5.58
19.05
18.18
11.57
16.72
20.08
17.76
12.79
11.96
10.21
10.03
9.06
8.92
9.55
7.78
8.40
6.38
14.23
NSE:BPCL vs MPC, VLO, PSX: Forward PE Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum'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.
Bharat Petroleum Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Bharat Petroleum's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Petroleum'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.
Bharat Petroleum (NSE:BPCL) has a Forward PE Ratio of 16.46 as of Aug. 04, 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 Bharat Petroleum and its competitors. According to the industry distribution chart, Bharat Petroleum ranks #362 out of 545 companies in the Oil & Gas industry, placing it in the top 66.4%.
Is Bharat Petroleum's Forward PE Ratio too high?
Bharat Petroleum's current Forward PE Ratio is 16.46. The Oil & Gas industry median Forward PE Ratio is 10.89. Bharat Petroleum's value of 16.46 is 51.1% above this industry median. Based on the distribution chart, Bharat Petroleum ranks #362 out of 545 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Bharat Petroleum has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Petroleum's Forward PE Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Bharat Petroleum ranks #362 out of 545 companies for Forward PE Ratio. This places Bharat Petroleum in the lower half of its industry. The industry median Forward PE Ratio is 10.89. Bharat Petroleum's value of 16.46 is 51.1% 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 an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.89, based on 545 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. Bharat Petroleum's current Forward PE Ratio of 16.46 is 51.1% 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 Bharat Petroleum and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Petroleum's current Forward PE Ratio is 16.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Bharat Petroleum (NSE:BPCL) is currently considered Fairly Valued. The stock's GF Value™ is ₹351.46, compared to a current price of ₹329.95 — trading 6.1% below its estimated fair value. The current Forward PE Ratio is 16.46 and 51.1% above the Oil & Gas industry median of 10.89. Bharat Petroleum's overall GF Score™ is 80/100 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 Bharat Petroleum (NSE:BPCL), the current Forward PE Ratio is 16.46 as of Aug. 04, 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 Bharat Petroleum (NSE:BPCL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Petroleum stock appears to be undervalued.
The current stock price of ₹329.95 is trading 6.1% below its estimated GF Value™ of ₹351.46.
GuruFocus considers Bharat Petroleum to be Fairly Valued.
Key valuation signals for NSE:BPCL:
Forward PE Ratio: 16.46
GF Value™: ₹351.46 vs. price of ₹329.95 (6.1% below fair value)
Industry Position: 51.1% above the Oil & Gas median (#362 of 545)
No single metric tells the full story. See the NSE:BPCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the following reportable segments: Downstream Petroleum, and Exploration and Production of Hydrocarbons. Downstream Petroleum operations which generate the majority of its revenue, include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India. Geographically, the company derives a majority of its revenue from India and the rest from other countries.
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