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Ratnamani Metals & Tubes (NSE:RATNAMANI) 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 .
Ratnamani Metals & Tubes Forward PE Ratio Related Terms
Ratnamani Metals & Tubes 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.
Ratnamani Metals & Tubes Forward PE Ratio Chart
Ratnamani Metals & Tubes Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
27.55
23.27
Ratnamani Metals & Tubes Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
28.65
27.55
29.50
27.16
21.42
23.27
32.58
NSE:RATNAMANI vs NUE, STLD, RS: Forward PE Ratio Comparison
For the Steel subindustry, Ratnamani Metals & Tubes'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.
Ratnamani Metals & Tubes Forward PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Ratnamani Metals & Tubes's Forward PE Ratio falls into.
Ratnamani Metals & Tubes 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.
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a Forward PE Ratio of 27.88 as of Aug. 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 Ratnamani Metals & Tubes and its competitors. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #153 out of 178 companies in the Steel industry, placing it in the top 86%.
Is Ratnamani Metals & Tubes' Forward PE Ratio too high?
Ratnamani Metals & Tubes' current Forward PE Ratio is 27.88. The Steel industry median Forward PE Ratio is 14.46. Ratnamani Metals & Tubes' value of 27.88 is 92.8% above this industry median. Based on the distribution chart, Ratnamani Metals & Tubes ranks #153 out of 178 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Ratnamani Metals & Tubes has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' Forward PE Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #153 out of 178 companies for Forward PE Ratio. This places Ratnamani Metals & Tubes in the lower half of its industry. The industry median Forward PE Ratio is 14.46. Ratnamani Metals & Tubes' value of 27.88 is 92.8% 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 14.46, 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. Ratnamani Metals & Tubes's current Forward PE Ratio of 27.88 is 92.8% 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 Ratnamani Metals & Tubes and its competitors. For the Steel industry, the median Forward PE Ratio is 14.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnamani Metals & Tubes's current Forward PE Ratio is 27.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,520.50, compared to a current price of ₹2,353.60 — trading 6.6% below its estimated fair value. The current Forward PE Ratio is 27.88 and 92.8% above the Steel industry median of 14.46. Ratnamani Metals & Tubes' overall GF Score™ is 96/100 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 Ratnamani Metals & Tubes (NSE:RATNAMANI), the current Forward PE Ratio is 27.88 as of Aug. 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 Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be undervalued.
The current stock price of ₹2,353.60 is trading 6.6% below its estimated GF Value™ of ₹2,520.50.
GuruFocus considers Ratnamani Metals & Tubes to be Fairly Valued.
Key valuation signals for NSE:RATNAMANI:
Forward PE Ratio: 27.88
GF Value™: ₹2,520.50 vs. price of ₹2,353.60 (6.6% below fair value)
Industry Position: 92.8% above the Steel median (#153 of 178)
No single metric tells the full story. See the NSE:RATNAMANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressThe First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
96GF Score
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