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Mazagon Dock Shipbuilders (NSE:MAZDOCK) 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 .
Mazagon Dock Shipbuilders Forward PE Ratio Related Terms
Mazagon Dock Shipbuilders 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.
Mazagon Dock Shipbuilders Forward PE Ratio Chart
Mazagon Dock Shipbuilders Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
33.56
28.12
Mazagon Dock Shipbuilders Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
14.35
33.56
42.12
40.85
32.42
28.12
35.31
NSE:MAZDOCK vs SPCX, GE, RTX: Forward PE Ratio Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders Forward PE Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Forward PE Ratio falls into.
Mazagon Dock Shipbuilders 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.
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a Forward PE Ratio of 37.45 as of Aug. 20, 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 Mazagon Dock Shipbuilders and its competitors. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #115 out of 207 companies in the Aerospace & Defense industry, placing it in the top 55.6%.
Is Mazagon Dock Shipbuilders' Forward PE Ratio too high?
Mazagon Dock Shipbuilders' current Forward PE Ratio is 37.45. The Aerospace & Defense industry median Forward PE Ratio is 30.56. Mazagon Dock Shipbuilders' value of 37.45 is 22.5% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #115 out of 207 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' Forward PE Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #115 out of 207 companies for Forward PE Ratio. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median Forward PE Ratio is 30.56. Mazagon Dock Shipbuilders' value of 37.45 is 22.5% 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 Aerospace & Defense company?
The median Forward PE Ratio among Aerospace & Defense companies is 30.56, based on 207 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. Mazagon Dock Shipbuilders's current Forward PE Ratio of 37.45 is 22.5% 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Forward PE Ratio is 30.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Forward PE Ratio is 37.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,842.14, compared to a current price of ₹2,563.80 — trading 9.8% below its estimated fair value. The current Forward PE Ratio is 37.45 and 22.5% above the Aerospace & Defense industry median of 30.56. Mazagon Dock Shipbuilders' overall GF Score™ is 89/100 with 2 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current Forward PE Ratio is 37.45 as of Aug. 20, 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,563.80 is trading 9.8% below its estimated GF Value™ of ₹2,842.14.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
Forward PE Ratio: 37.45
GF Value™: ₹2,842.14 vs. price of ₹2,563.80 (9.8% below fair value)
Industry Position: 22.5% above the Aerospace & Defense median (#115 of 207)
No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
89GF Score
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