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Indraprastha Gas (NSE:IGL) 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 .
Indraprastha Gas Forward PE Ratio Related Terms
Indraprastha Gas Forward PE Ratio Historical Data
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The historical data trend for Indraprastha Gas'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.
Indraprastha Gas Forward PE Ratio Chart
Indraprastha Gas Annual Data
Trend
2020-03
2021-03
2022-03
2025-03
2026-03
Forward PE Ratio
16.75
21.51
12.90
15.62
10.33
Indraprastha Gas Quarterly Data
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.75
20.70
18.90
22.94
21.51
21.88
22.73
16.45
12.90
17.89
19.23
19.57
15.13
15.62
16.51
15.73
14.04
10.33
NSE:IGL vs ATO, NI, UGI: Forward PE Ratio Comparison
For the Utilities - Regulated Gas subindustry, Indraprastha Gas'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.
Indraprastha Gas Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Indraprastha Gas's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Indraprastha Gas'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.
Indraprastha Gas (NSE:IGL) has a Forward PE Ratio of 11.88 as of Aug. 10, 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 Indraprastha Gas and its competitors. According to the industry distribution chart, Indraprastha Gas ranks #90 out of 275 companies in the Utilities - Regulated industry, placing it in the top 32.7%.
Is Indraprastha Gas' Forward PE Ratio too high?
Indraprastha Gas' current Forward PE Ratio is 11.88. The Utilities - Regulated industry median Forward PE Ratio is 14.44. Indraprastha Gas' value of 11.88 is 17.7% below this industry median. Based on the distribution chart, Indraprastha Gas ranks #90 out of 275 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Indraprastha Gas has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indraprastha Gas' Forward PE Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Indraprastha Gas ranks #90 out of 275 companies for Forward PE Ratio. This puts Indraprastha Gas in the upper half of its industry. The industry median Forward PE Ratio is 14.44. Indraprastha Gas' value of 11.88 is 17.7% 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 an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.44, based on 275 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. Indraprastha Gas's current Forward PE Ratio of 11.88 is 17.7% 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 Indraprastha Gas and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indraprastha Gas's current Forward PE Ratio is 11.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indraprastha Gas stock overvalued right now?
Based on GuruFocus' analysis, Indraprastha Gas (NSE:IGL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹232.29, compared to a current price of ₹151.94 — trading 34.6% below its estimated fair value. The current Forward PE Ratio is 11.88 and 17.7% below the Utilities - Regulated industry median of 14.44. Indraprastha Gas' overall GF Score™ is 91/100 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 Indraprastha Gas (NSE:IGL), the current Forward PE Ratio is 11.88 as of Aug. 10, 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 Indraprastha Gas (NSE:IGL) Overvalued in 2026?
Based on GuruFocus' analysis, Indraprastha Gas stock appears to be undervalued.
The current stock price of ₹151.94 is trading 34.6% below its estimated GF Value™ of ₹232.29.
GuruFocus considers Indraprastha Gas to be Significantly Undervalued.
Key valuation signals for NSE:IGL:
Forward PE Ratio: 11.88
GF Value™: ₹232.29 vs. price of ₹151.94 (34.6% below fair value)
Industry Position: 17.7% below the Utilities - Regulated median (#90 of 275)
No single metric tells the full story. See the NSE:IGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indraprastha Gas Ltd is an Indian utility company engaged in the business of city gas distribution. It operates in a single segment of the natural gas business, and its products include the Compressed Natural Gas Business provides a fossil fuel substitute for other auto fuels such as petrol, diesel, LPG, etc, and the Piped Natural Gas Business is mainly methane-CH4 with a small percentage of other higher hydrocarbons. The group generates the majority of its revenue from the Compressed Natural Gas Business.
91GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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