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PI Industries (NSE:PIIND) 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 .
PI Industries Forward PE Ratio Related Terms
PI Industries Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for PI Industries'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.
PI Industries Forward PE Ratio Chart
PI Industries Annual Data
Trend
2018-03
2019-03
2020-03
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
25.77
24.57
26.81
35.09
40.82
36.36
28.77
27.77
PI Industries Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
25.77
24.27
22.94
22.62
24.57
32.36
36.63
32.89
26.81
38.46
38.91
34.84
35.09
43.67
48.31
38.61
40.82
35.84
42.19
40.98
36.36
47.17
41.49
29.31
28.77
37.48
32.06
27.93
27.77
NSE:PIIND vs CTVA, CF, MOS: Forward PE Ratio Comparison
For the Agricultural Inputs subindustry, PI Industries'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.
PI Industries Forward PE Ratio vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where PI Industries'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.
PI Industries (NSE:PIIND) has a Forward PE Ratio of 28.68 as of Jul. 18, 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 PI Industries and its competitors. According to the industry distribution chart, PI Industries ranks #84 out of 90 companies in the Agriculture industry, placing it in the top 93.3%.
Is PI Industries' Forward PE Ratio too high?
PI Industries' current Forward PE Ratio is 28.68. The Agriculture industry median Forward PE Ratio is 11.33. PI Industries' value of 28.68 is 153.1% above this industry median. Based on the distribution chart, PI Industries ranks #84 out of 90 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, PI Industries has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PI Industries' Forward PE Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #84 out of 90 companies for Forward PE Ratio. This places PI Industries in the lower half of its industry. The industry median Forward PE Ratio is 11.33. PI Industries' value of 28.68 is 153.1% 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 Agriculture company?
The median Forward PE Ratio among Agriculture companies is 11.33, based on 90 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. PI Industries's current Forward PE Ratio of 28.68 is 153.1% 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 PI Industries and its competitors. For the Agriculture industry, the median Forward PE Ratio is 11.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current Forward PE Ratio is 28.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PI Industries stock overvalued right now?
Based on GuruFocus' analysis, PI Industries (NSE:PIIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,382.69, compared to a current price of ₹2,623.80 — trading 22.4% below its estimated fair value. The current Forward PE Ratio is 28.68 and 153.1% above the Agriculture industry median of 11.33. PI Industries' overall GF Score™ is 94/100 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 PI Industries (NSE:PIIND), the current Forward PE Ratio is 28.68 as of Jul. 18, 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 PI Industries (NSE:PIIND) Overvalued in 2026?
Based on GuruFocus' analysis, PI Industries stock appears to be undervalued.
The current stock price of ₹2,623.80 is trading 22.4% below its estimated GF Value™ of ₹3,382.69.
GuruFocus considers PI Industries to be Modestly Undervalued.
Key valuation signals for NSE:PIIND:
Forward PE Ratio: 28.68
GF Value™: ₹3,382.69 vs. price of ₹2,623.80 (22.4% below fair value)
Industry Position: 153.1% above the Agriculture median (#84 of 90)
No single metric tells the full story. See the NSE:PIIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two geographical segments: within India and outside India. The outside India division represents its business division predominantly in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The company has one reportable business segment which is Agro Chemicals.
94GF 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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