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Harsha Engineers International (NSE:HARSHA) 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 .
Harsha Engineers International Forward PE Ratio Related Terms
Harsha Engineers International Forward PE Ratio Historical Data
* 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.
Harsha Engineers International Forward PE Ratio Chart
Harsha Engineers International Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
20.17
16.82
Harsha Engineers International Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
26.20
20.17
27.17
26.54
19.58
16.82
NSE:HARSHA vs SNA, RBC, SWK: Forward PE Ratio Comparison
For the Tools & Accessories subindustry, Harsha Engineers International'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.
Harsha Engineers International Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harsha Engineers International's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Harsha Engineers International's Forward PE Ratio falls into.
Harsha Engineers International Forward PE Ratio Calculation
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.
Harsha Engineers International (NSE:HARSHA) has a Forward PE Ratio of 20.24 as of Aug. 05, 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 Harsha Engineers International and its competitors. According to the industry distribution chart, Harsha Engineers International ranks #691 out of 1294 companies in the Industrial Products industry, placing it in the top 53.4%.
Is Harsha Engineers International's Forward PE Ratio too high?
Harsha Engineers International's current Forward PE Ratio is 20.24. The Industrial Products industry median Forward PE Ratio is 19.51. Harsha Engineers International's value of 20.24 is 3.8% above this industry median. Based on the distribution chart, Harsha Engineers International ranks #691 out of 1294 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Harsha Engineers International has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's Forward PE Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Harsha Engineers International ranks #691 out of 1294 companies for Forward PE Ratio. This places Harsha Engineers International in the lower half of its industry. The industry median Forward PE Ratio is 19.51. Harsha Engineers International's value of 20.24 is 3.8% 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 19.51, based on 1,294 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. Harsha Engineers International's current Forward PE Ratio of 20.24 is 3.8% 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 Harsha Engineers International and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 19.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harsha Engineers International's current Forward PE Ratio is 20.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹504.73, compared to a current price of ₹408.10 — trading 19.1% below its estimated fair value. The current Forward PE Ratio is 20.24 and 3.8% above the Industrial Products industry median of 19.51. Harsha Engineers International's overall GF Score™ is 85/100 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 Harsha Engineers International (NSE:HARSHA), the current Forward PE Ratio is 20.24 as of Aug. 05, 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 Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?
Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued.
The current stock price of ₹408.10 is trading 19.1% below its estimated GF Value™ of ₹504.73.
GuruFocus considers Harsha Engineers International to be Modestly Undervalued.
Key valuation signals for NSE:HARSHA:
Forward PE Ratio: 20.24
GF Value™: ₹504.73 vs. price of ₹408.10 (19.1% below fair value)
Industry Position: 3.8% above the Industrial Products median (#691 of 1294)
No single metric tells the full story. See the NSE:HARSHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
85GF Score
Get the complete analysis for NSE:HARSHA
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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