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Bharat ElectronicsNSE:BEL -0.98%99 PEG Ratio is 2.15 as of Jul. 14, 2026, which is 1% below its 10-year median of 2.17. GuruFocus rates NSE:BEL with a GF Score™ of 99/100 and a GF Value™ of ₹397.46 (Fairly Valued). Among 123 Aerospace & Defense companies, Bharat Electronics ranks better than 54.47% on this metric.
* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Bharat Electronics's PEG Ratio or its related term are showing as below:
NSE:BEL'
s PEG Ratio Range Over the Past 10 Years
Min: 0.58 Med: 2.17 Max: 3.48
Current: 2.15
During the past 13 years, Bharat Electronics's highest PEG Ratio was 3.48. The lowest was 0.58. And the median was 2.17.
NSE:BEL's PEG Ratio is ranked better than 54.47% of 123
companies
in the Aerospace & Defense industry
Industry Median: 2.4
vs NSE:BEL: 2.15
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Bharat Electronics (NSE:BEL) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Bharat Electronics PEG Ratio Related Terms
Bharat Electronics PEG Ratio Historical Data
* Premium members only.
The historical data trend for Bharat Electronics's PEG 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.
For the Aerospace & Defense subindustry, Bharat Electronics's PEG Ratio, along with its competitors' market caps and PEG 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.
Bharat Electronics PEG Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Electronics's PEG Ratio falls into.
* 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.
* Note: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Bharat Electronics (NSE:BEL) has a PEG Ratio of 2.15 as of Jul. 14, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Bharat Electronics and its competitors. This is near median its historical median of 2.17. Over the past decade, Bharat Electronics' PEG Ratio has ranged from 0.58 to 3.48. According to the industry distribution chart, Bharat Electronics ranks #56 out of 123 companies in the Aerospace & Defense industry, placing it in the top 45.5%.
Is Bharat Electronics' PEG Ratio too high?
Bharat Electronics' current PEG Ratio of 2.15 is near median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 3.48. The Aerospace & Defense industry median PEG Ratio is 2.40. Bharat Electronics' value of 2.15 is 10.4% below this industry median. Based on the distribution chart, Bharat Electronics ranks #56 out of 123 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Bharat Electronics has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' PEG Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #56 out of 123 companies for PEG Ratio. This puts Bharat Electronics in the upper half of its industry. The industry median PEG Ratio is 2.40. Bharat Electronics' value of 2.15 is 10.4% below this benchmark. Historically, Bharat Electronics' own PEG Ratio has ranged from 0.58 to 3.48 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 2.40, Bharat Electronics has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PEG Ratio for an Aerospace & Defense company?
The median PEG Ratio among Aerospace & Defense companies is 2.40, based on 123 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Electronics's current PEG Ratio of 2.15 is 10.4% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median PEG Ratio is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current PEG Ratio is 2.15, which is near median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹397.46, compared to a current price of ₹410.80 — trading 3.4% above its estimated fair value. The current PEG Ratio is 2.15, which is near median its 10-year median of 2.17 and 10.4% below the Aerospace & Defense industry median of 2.40. Bharat Electronics' overall GF Score™ is 99/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current PEG Ratio is 2.15 as of Jul. 14, 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued.
The current stock price of ₹410.80 is trading 3.4% above its estimated GF Value™ of ₹397.46.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
PEG Ratio: 2.15 (near median its 10-year median of 2.17)
GF Value™: ₹397.46 vs. price of ₹410.80 (3.4% above fair value)
Industry Position: 10.4% below the Aerospace & Defense median (#56 of 123)
No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
99GF Score
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