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Polycab India (NSE:POLYCAB) 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 .
Polycab India Forward PE Ratio Related Terms
Polycab India Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Polycab India'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.
Polycab India Forward PE Ratio Chart
Polycab India Annual Data
Trend
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
21.23
36.23
33.44
33.49
33.79
Polycab India Quarterly Data
2020-06
2020-09
2020-12
2021-03
2021-06
2022-03
2022-06
2022-12
2023-03
2023-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
17.76
18.83
18.12
21.23
29.85
36.23
31.65
29.15
33.44
53.48
45.02
33.49
41.33
43.54
37.11
33.79
45.35
NSE:POLYCAB vs VRT, BE: Forward PE Ratio Comparison
For the Electrical Equipment & Parts subindustry, Polycab India'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.
Polycab India Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Polycab India'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.
Polycab India (NSE:POLYCAB) has a Forward PE Ratio of 40.91 as of Aug. 05, 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 Polycab India and its competitors. According to the industry distribution chart, Polycab India ranks #1068 out of 1294 companies in the Industrial Products industry, placing it in the top 82.5%.
Is Polycab India's Forward PE Ratio too high?
Polycab India's current Forward PE Ratio is 40.91. The Industrial Products industry median Forward PE Ratio is 19.51. Polycab India's value of 40.91 is 109.7% above this industry median. Based on the distribution chart, Polycab India ranks #1068 out of 1294 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Polycab India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Forward PE Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #1068 out of 1294 companies for Forward PE Ratio. This places Polycab India in the lower half of its industry. The industry median Forward PE Ratio is 19.51. Polycab India's value of 40.91 is 109.7% 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 Industrial Products company?
The median Forward PE Ratio among Industrial Products companies is 19.51, based on 1,294 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. Polycab India's current Forward PE Ratio of 40.91 is 109.7% 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 Polycab India and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 19.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current Forward PE Ratio is 40.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹10,132.40, compared to a current price of ₹9,176.00 — trading 9.4% below its estimated fair value. The current Forward PE Ratio is 40.91 and 109.7% above the Industrial Products industry median of 19.51. Polycab India's overall GF Score™ is 97/100 with 1 warning sign 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 Polycab India (NSE:POLYCAB), the current Forward PE Ratio is 40.91 as of Aug. 05, 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 Polycab India (NSE:POLYCAB) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹9,176.00 is trading 9.4% below its estimated GF Value™ of ₹10,132.40.
GuruFocus considers Polycab India to be Fairly Valued.
Key valuation signals for NSE:POLYCAB:
Forward PE Ratio: 40.91
GF Value™: ₹10,132.40 vs. price of ₹9,176.00 (9.4% below fair value)
Industry Position: 109.7% above the Industrial Products median (#1068 of 1294)
No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
97GF Score
Get the complete analysis for NSE:POLYCAB
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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