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Vikram SolarNSE:VIKRAMSOLR -0.52%17 Forward PE Ratio is 11.72 as of Jul. 25, 2026. GuruFocus rates NSE:VIKRAMSOLR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 550 Semiconductors companies, Vikram Solar ranks better than 85.27% on this metric.
Vikram Solar's Forward PE Ratio for today is 11.72.
Vikram Solar (NSE:VIKRAMSOLR) 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 .
Vikram Solar Forward PE Ratio Related Terms
Vikram Solar Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Vikram Solar'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.
Vikram Solar Forward PE Ratio Chart
Vikram Solar Annual Data
Trend
2026-03
Forward PE Ratio
11.99
Vikram Solar Quarterly Data
2025-12
2026-03
Forward PE Ratio
14.83
11.99
NSE:VIKRAMSOLR vs FSLR, NXT, ENPH: Forward PE Ratio Comparison
For the Solar subindustry, Vikram Solar'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.
Vikram Solar Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vikram Solar's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Vikram Solar'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.
Vikram Solar (NSE:VIKRAMSOLR) has a Forward PE Ratio of 11.72 as of Jul. 25, 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 Vikram Solar and its competitors. According to the industry distribution chart, Vikram Solar ranks #81 out of 550 companies in the Semiconductors industry, placing it in the top 14.7%.
Is Vikram Solar's Forward PE Ratio too high?
Vikram Solar's current Forward PE Ratio is 11.72. The Semiconductors industry median Forward PE Ratio is 30.62. Vikram Solar's value of 11.72 is 61.7% below this industry median. Based on the distribution chart, Vikram Solar ranks #81 out of 550 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Vikram Solar has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Vikram Solar's Forward PE Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Vikram Solar ranks #81 out of 550 companies for Forward PE Ratio. This places Vikram Solar in the top 15% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 30.62. Vikram Solar's value of 11.72 is 61.7% below 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 Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 30.62, based on 550 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. Vikram Solar's current Forward PE Ratio of 11.72 is 61.7% below 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 Vikram Solar and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 30.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Solar's current Forward PE Ratio is 11.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikram Solar stock overvalued right now?
Vikram Solar (NSE:VIKRAMSOLR) has a current Forward PE Ratio of 11.72. The current Forward PE Ratio is 11.72 and 61.7% below the Semiconductors industry median of 30.62. Vikram Solar's overall GF Score™ is 17/100 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 Vikram Solar (NSE:VIKRAMSOLR), the current Forward PE Ratio is 11.72 as of Jul. 25, 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.
Vikram Solar Ltd is one of the India's solar photo-voltaic (PV) modules manufacturers. It is currently undertaking greenfield and brownfield expansion plans, which are expected to increase its installed solar PV module manufacturing capacity to up to 15.50 GW and up to 20.50 GW. Its portfolio of solar energy products consists of the following high-efficiency solar PV modules: (i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules; (ii) N-Type monocrystalline silicon (N-Type) modules; and (iii) n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.
17GF Score
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