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SBI Cards and Payment Services (NSE:SBICARD) 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 .
SBI Cards and Payment Services Forward PE Ratio Related Terms
SBI Cards and Payment Services 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.
SBI Cards and Payment Services Forward PE Ratio Chart
SBI Cards and Payment Services Annual Data
Trend
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
42.92
34.01
23.47
28.59
20.94
SBI Cards and Payment Services Quarterly Data
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
42.92
51.02
52.08
33.78
34.01
31.35
36.50
25.25
23.47
26.88
20.63
28.59
33.36
32.72
24.79
20.94
20.78
NSE:SBICARD vs V, MA, AXP: Forward PE Ratio Comparison
For the Credit Services subindustry, SBI Cards and Payment Services'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.
SBI Cards and Payment Services Forward PE Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, SBI Cards and Payment Services's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where SBI Cards and Payment Services's Forward PE Ratio falls into.
SBI Cards and Payment Services 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.
SBI Cards and Payment Services (NSE:SBICARD) has a Forward PE Ratio of 21.55 as of Aug. 26, 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 SBI Cards and Payment Services and its competitors. According to the industry distribution chart, SBI Cards and Payment Services ranks #160 out of 188 companies in the Credit Services industry, placing it in the top 85.1%.
Is SBI Cards and Payment Services' Forward PE Ratio too high?
SBI Cards and Payment Services' current Forward PE Ratio is 21.55. The Credit Services industry median Forward PE Ratio is 10.59. SBI Cards and Payment Services' value of 21.55 is 103.6% above this industry median. Based on the distribution chart, SBI Cards and Payment Services ranks #160 out of 188 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, SBI Cards and Payment Services has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBI Cards and Payment Services' Forward PE Ratio compare to V and MA?
According to the Credit Services industry distribution chart, SBI Cards and Payment Services ranks #160 out of 188 companies for Forward PE Ratio. This places SBI Cards and Payment Services in the lower half of its industry. The industry median Forward PE Ratio is 10.59. SBI Cards and Payment Services' value of 21.55 is 103.6% 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 Credit Services company?
The median Forward PE Ratio among Credit Services companies is 10.59, based on 188 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. SBI Cards and Payment Services's current Forward PE Ratio of 21.55 is 103.6% 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 SBI Cards and Payment Services and its competitors. For the Credit Services industry, the median Forward PE Ratio is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Cards and Payment Services's current Forward PE Ratio is 21.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Cards and Payment Services stock overvalued right now?
Based on GuruFocus' analysis, SBI Cards and Payment Services (NSE:SBICARD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹965.41, compared to a current price of ₹651.00 — trading 32.6% below its estimated fair value. The current Forward PE Ratio is 21.55 and 103.6% above the Credit Services industry median of 10.59. SBI Cards and Payment Services' overall GF Score™ is 65/100 with 3 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 SBI Cards and Payment Services (NSE:SBICARD), the current Forward PE Ratio is 21.55 as of Aug. 26, 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 SBI Cards and Payment Services (NSE:SBICARD) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Cards and Payment Services stock appears to be undervalued.
The current stock price of ₹651.00 is trading 32.6% below its estimated GF Value™ of ₹965.41.
GuruFocus considers SBI Cards and Payment Services to be Significantly Undervalued.
Key valuation signals for NSE:SBICARD:
Forward PE Ratio: 21.55
GF Value™: ₹965.41 vs. price of ₹651.00 (32.6% below fair value)
Industry Position: 103.6% above the Credit Services median (#160 of 188)
No single metric tells the full story. See the NSE:SBICARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Cards and Payment Services Ltd is a credit card issuer in India. The company offers a credit card portfolio to individual cardholders and corporate clients, including lifestyle, rewards, travel and fuel, shopping, banking partnership cards, and corporate cards covering all cardholder segments in terms of income profiles and lifestyles. It offers four primary SBI Card-branded credit cards SimplySave, SimplyClick, Prime, and Elite, each catering to a varying set of cardholder needs. The company earns revenue from selling credit card memberships to card holders, and income earned from the provision of membership services.
65GF Score
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