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Finolex Cables (NSE:FINCABLES) 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 .
Finolex Cables Forward PE Ratio Related Terms
Finolex Cables Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Finolex Cables'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.
Finolex Cables Forward PE Ratio Chart
Finolex Cables Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
18.37
15.54
Finolex Cables Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
23.69
18.37
20.45
19.31
15.42
15.54
21.92
NSE:FINCABLES vs VRT, BE: Forward PE Ratio Comparison
For the Electrical Equipment & Parts subindustry, Finolex Cables'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.
Finolex Cables Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finolex Cables's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Finolex Cables'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.
Finolex Cables (NSE:FINCABLES) has a Forward PE Ratio of 23.08 as of Aug. 28, 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 Finolex Cables and its competitors. According to the industry distribution chart, Finolex Cables ranks #751 out of 1296 companies in the Industrial Products industry, placing it in the top 57.9%.
Is Finolex Cables' Forward PE Ratio too high?
Finolex Cables' current Forward PE Ratio is 23.08. The Industrial Products industry median Forward PE Ratio is 19.85. Finolex Cables' value of 23.08 is 16.3% above this industry median. Based on the distribution chart, Finolex Cables ranks #751 out of 1296 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Finolex Cables has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' Forward PE Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finolex Cables ranks #751 out of 1296 companies for Forward PE Ratio. This places Finolex Cables in the lower half of its industry. The industry median Forward PE Ratio is 19.85. Finolex Cables' value of 23.08 is 16.3% 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 19.85, based on 1,296 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. Finolex Cables's current Forward PE Ratio of 23.08 is 16.3% 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 Finolex Cables and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 19.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Cables's current Forward PE Ratio is 23.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Cables stock overvalued right now?
Based on GuruFocus' analysis, Finolex Cables (NSE:FINCABLES) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,318.60, compared to a current price of ₹1,291.15 — trading 2.1% below its estimated fair value. The current Forward PE Ratio is 23.08 and 16.3% above the Industrial Products industry median of 19.85. Finolex Cables' overall GF Score™ is 96/100 with 9 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 Finolex Cables (NSE:FINCABLES), the current Forward PE Ratio is 23.08 as of Aug. 28, 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 Finolex Cables (NSE:FINCABLES) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued.
The current stock price of ₹1,291.15 is trading 2.1% below its estimated GF Value™ of ₹1,318.60.
GuruFocus considers Finolex Cables to be Fairly Valued.
Key valuation signals for NSE:FINCABLES:
Forward PE Ratio: 23.08
GF Value™: ₹1,318.60 vs. price of ₹1,291.15 (2.1% below fair value)
Industry Position: 16.3% above the Industrial Products median (#751 of 1296)
No single metric tells the full story. See the NSE:FINCABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
96GF Score
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