Hi-Tech PipesNSE:HITECH +3.08%87 PEG Ratio is 2.91 as of Jul. 10, 2026, which is 8% below its 10-year median of 3.18. GuruFocus rates NSE:HITECH with a GF Score™ of 87/100 and a GF Value™ of ₹128.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 200 Steel companies, Hi-Tech Pipes ranks worse than 73.5% 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 Hi-Tech Pipes's PEG Ratio or its related term are showing as below:
NSE:HITECH'
s PEG Ratio Range Over the Past 10 Years
Min: 0.43 Med: 3.18 Max: 9
Current: 2.93
During the past 12 years, Hi-Tech Pipes's highest PEG Ratio was 9.00. The lowest was 0.43. And the median was 3.18.
NSE:HITECH's PEG Ratio is ranked worse than 73.5% of 200
companies
in the Steel industry
Industry Median: 1.395
vs NSE:HITECH: 2.93
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Hi-Tech Pipes (NSE:HITECH) 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.
Hi-Tech Pipes PEG Ratio Related Terms
Hi-Tech Pipes PEG Ratio Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes'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 Steel subindustry, Hi-Tech Pipes'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.
Hi-Tech Pipes PEG Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes'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.
Hi-Tech Pipes (NSE:HITECH) has a PEG Ratio of 2.91 as of Jul. 10, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Hi-Tech Pipes and its competitors. This is near median its historical median of 3.18. Over the past decade, Hi-Tech Pipes' PEG Ratio has ranged from 0.43 to 9.00. According to the industry distribution chart, Hi-Tech Pipes ranks #147 out of 200 companies in the Steel industry, placing it in the top 73.5%.
Is Hi-Tech Pipes' PEG Ratio too high?
Hi-Tech Pipes' current PEG Ratio of 2.91 is near median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 9.00. The Steel industry median PEG Ratio is 1.40. Hi-Tech Pipes' value of 2.91 is 108.6% above this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #147 out of 200 companies in the Steel industry, which is below the industry midpoint. Overall, Hi-Tech Pipes has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' PEG Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #147 out of 200 companies for PEG Ratio. This places Hi-Tech Pipes in the lower half of its industry. The industry median PEG Ratio is 1.40. Hi-Tech Pipes' value of 2.91 is 108.6% above this benchmark. Historically, Hi-Tech Pipes' own PEG Ratio has ranged from 0.43 to 9.00 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 1.40, Hi-Tech Pipes has consistently been above 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 a Steel company?
The median PEG Ratio among Steel companies is 1.40, based on 200 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. Hi-Tech Pipes's current PEG Ratio of 2.91 is 108.6% 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 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 Hi-Tech Pipes and its competitors. For the Steel industry, the median PEG Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current PEG Ratio is 2.91, which is near median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Tech Pipes stock overvalued right now?
Based on GuruFocus' analysis, Hi-Tech Pipes (NSE:HITECH) is currently considered Possible Value Trap. The stock's GF Value™ is ₹128.71, compared to a current price of ₹86.93 — trading 32.5% below its estimated fair value. The current PEG Ratio is 2.91, which is near median its 10-year median of 3.18 and 108.6% above the Steel industry median of 1.40. Hi-Tech Pipes' overall GF Score™ is 87/100 with 6 warning signs to review. 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 Hi-Tech Pipes (NSE:HITECH), the current PEG Ratio is 2.91 as of Jul. 10, 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 Hi-Tech Pipes (NSE:HITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Tech Pipes stock appears to be undervalued.
The current stock price of ₹86.93 is trading 32.5% below its estimated GF Value™ of ₹128.71.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
PEG Ratio: 2.91 (near median its 10-year median of 3.18)
GF Value™: ₹128.71 vs. price of ₹86.93 (32.5% below fair value)
Industry Position: 108.6% above the Steel median (#147 of 200)
No single metric tells the full story. See the NSE:HITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Tech Pipes Ltd manufactures and markets a wide range of steel tubes used in industries like infrastructure, telecom, defense, power distribution, railways, airports, construction, real estate, and automotive. Its products include Black Steel Tubes, Rectangular and Hollow sections, Galvanised Steel Tubes, Metal Beam Highway Crash Barriers, Cold Rolling Coils, Cold Formed Sections, Black Hollow Section and Round Pipes, Galvanized Pipes, Pre-Galvanized Pipes, and Cold Rolled Coils. The Indian steel pipes and tubes industry includes segments such as seamless, ERW, LSAW, HSAW, galvanized iron, ductile iron, and black steel pipes, which serve various applications ranging from high-pressure oil and gas pipelines to water supply and general engineering purposes.
87GF Score
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