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HFCLNSE:HFCL -1.87%57 Forward PE Ratio is 14.03 as of Aug. 16, 2026. GuruFocus rates NSE:HFCL with a GF Score™ of 57/100 and a GF Value™ of ₹115.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Hardware companies, HFCL ranks better than 73.44% 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 .
HFCL Forward PE Ratio Related Terms
HFCL Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for HFCL'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.
HFCL Forward PE Ratio Chart
HFCL Annual Data
Trend
2025-03
Forward PE Ratio
15.82
HFCL Quarterly Data
2024-09
2024-12
2025-03
2025-06
2025-09
Forward PE Ratio
55.87
22.60
15.82
17.39
14.42
NSE:HFCL vs CSCO, MSI, HPE: Forward PE Ratio Comparison
For the Communication Equipment subindustry, HFCL'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.
HFCL Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, HFCL's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where HFCL'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.
HFCL (NSE:HFCL) has a Forward PE Ratio of 14.03 as of Aug. 16, 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 HFCL and its competitors. According to the industry distribution chart, HFCL ranks #272 out of 1024 companies in the Hardware industry, placing it in the top 26.6%.
Is HFCL's Forward PE Ratio too high?
HFCL's current Forward PE Ratio is 14.03. The Hardware industry median Forward PE Ratio is 22.24. HFCL's value of 14.03 is 36.9% below this industry median. Based on the distribution chart, HFCL ranks #272 out of 1024 companies in the Hardware industry, which is above the industry midpoint. Overall, HFCL has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HFCL's Forward PE Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, HFCL ranks #272 out of 1024 companies for Forward PE Ratio. This puts HFCL in the upper half of its industry. The industry median Forward PE Ratio is 22.24. HFCL's value of 14.03 is 36.9% below 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 22.24, based on 1,024 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. HFCL's current Forward PE Ratio of 14.03 is 36.9% below 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 HFCL and its competitors. For the Hardware industry, the median Forward PE Ratio is 22.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HFCL's current Forward PE Ratio is 14.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HFCL stock overvalued right now?
Based on GuruFocus' analysis, HFCL (NSE:HFCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹115.71, compared to a current price of ₹223.11 — trading 92.8% above its estimated fair value. The current Forward PE Ratio is 14.03 and 36.9% below the Hardware industry median of 22.24. HFCL's overall GF Score™ is 57/100 with 6 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 HFCL (NSE:HFCL), the current Forward PE Ratio is 14.03 as of Aug. 16, 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 HFCL (NSE:HFCL) Overvalued in 2026?
Based on GuruFocus' analysis, HFCL stock appears to be overvalued.
The current stock price of ₹223.11 is trading 92.8% above its estimated GF Value™ of ₹115.71.
GuruFocus considers HFCL to be Significantly Overvalued.
Key valuation signals for NSE:HFCL:
Forward PE Ratio: 14.03
GF Value™: ₹115.71 vs. price of ₹223.11 (92.8% above fair value)
Industry Position: 36.9% below the Hardware median (#272 of 1024)
No single metric tells the full story. See the NSE:HFCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HFCL Ltd is an Indian manufacturer and exporter of optical fiber cables and broadband equipment for the telecommunication industry. Firm business segments include Telecom Products and Turnkey Contracts Services. The Telecom Product segment produces optical fiber cable, optical fiber, and telecom equipment. The Turnkey Contracts and services segment is engaged in delivering telecom infrastructure and communication network systems for Telecom Operators, Defence Services, Railways, Safe and Smart Cities, etc. The firm's products and solutions include Fiber optics, Telecommunication, Defence, and Passive Networking Components. It generates substantial revenue from the sale of turnkey projects and related activities.
57GF Score
Get the complete analysis for NSE:HFCL
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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