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Mishra Dhatu Nigam (NSE:MIDHANI) 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 .
Mishra Dhatu Nigam Forward PE Ratio Related Terms
Mishra Dhatu Nigam Forward PE Ratio Historical Data
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The historical data trend for Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam Forward PE Ratio Chart
Mishra Dhatu Nigam Annual Data
Trend
2024-03
2025-03
2026-03
Forward PE Ratio
36.36
25.53
26.83
Mishra Dhatu Nigam Quarterly Data
2023-12
2024-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
36.10
36.36
32.34
25.53
43.91
44.14
29.36
26.83
44.41
NSE:MIDHANI vs NUE, STLD, RS: Forward PE Ratio Comparison
For the Steel subindustry, Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam Forward PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mishra Dhatu Nigam's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam (NSE:MIDHANI) has a Forward PE Ratio of 43.91 as of Aug. 27, 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 Mishra Dhatu Nigam and its competitors. According to the industry distribution chart, Mishra Dhatu Nigam ranks #163 out of 178 companies in the Steel industry, placing it in the top 91.6%.
Is Mishra Dhatu Nigam's Forward PE Ratio too high?
Mishra Dhatu Nigam's current Forward PE Ratio is 43.91. The Steel industry median Forward PE Ratio is 14.07. Mishra Dhatu Nigam's value of 43.91 is 212.2% above this industry median. Based on the distribution chart, Mishra Dhatu Nigam ranks #163 out of 178 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mishra Dhatu Nigam has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mishra Dhatu Nigam's Forward PE Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Mishra Dhatu Nigam ranks #163 out of 178 companies for Forward PE Ratio. This places Mishra Dhatu Nigam in the lower half of its industry. The industry median Forward PE Ratio is 14.07. Mishra Dhatu Nigam's value of 43.91 is 212.2% 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 a Steel company?
The median Forward PE Ratio among Steel companies is 14.07, based on 178 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. Mishra Dhatu Nigam's current Forward PE Ratio of 43.91 is 212.2% 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 Mishra Dhatu Nigam and its competitors. For the Steel industry, the median Forward PE Ratio is 14.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mishra Dhatu Nigam's current Forward PE Ratio is 43.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mishra Dhatu Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mishra Dhatu Nigam (NSE:MIDHANI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹473.35, compared to a current price of ₹418.30 — trading 11.6% below its estimated fair value. The current Forward PE Ratio is 43.91 and 212.2% above the Steel industry median of 14.07. Mishra Dhatu Nigam's overall GF Score™ is 81/100 with 5 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 Mishra Dhatu Nigam (NSE:MIDHANI), the current Forward PE Ratio is 43.91 as of Aug. 27, 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 Mishra Dhatu Nigam (NSE:MIDHANI) Overvalued in 2026?
Based on GuruFocus' analysis, Mishra Dhatu Nigam stock appears to be undervalued.
The current stock price of ₹418.30 is trading 11.6% below its estimated GF Value™ of ₹473.35.
GuruFocus considers Mishra Dhatu Nigam to be Modestly Undervalued.
Key valuation signals for NSE:MIDHANI:
Forward PE Ratio: 43.91
GF Value™: ₹473.35 vs. price of ₹418.30 (11.6% below fair value)
Industry Position: 212.2% above the Steel median (#163 of 178)
No single metric tells the full story. See the NSE:MIDHANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing superalloys, titanium, special purpose steel, and other special metals. Its product portfolio includes titanium and titanium alloys, special steel, fasteners, investment castings, open-die forgings, and others. Geographically, the company caters to both Indian and international markets, of which, a majority of its revenue is derived from its business in India.
81GF 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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