Polycab IndiaNSE:POLYCAB -1.91%97 PEG Ratio is 1.80 as of Jul. 08, 2026, which is 7% below its 10-year median of 1.94. GuruFocus rates NSE:POLYCAB with a GF Score™ of 97/100 and a GF Value™ of ₹9,522.63 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,280 Industrial Products companies, Polycab India ranks better than 50.23% 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 Polycab India's PEG Ratio or its related term are showing as below:
NSE:POLYCAB'
s PEG Ratio Range Over the Past 10 Years
Min: 1.24 Med: 1.94 Max: 3.03
Current: 1.83
During the past 11 years, Polycab India's highest PEG Ratio was 3.03. The lowest was 1.24. And the median was 1.94.
NSE:POLYCAB's PEG Ratio is ranked better than 50.23% of 1280
companies
in the Industrial Products industry
Industry Median: 1.83
vs NSE:POLYCAB: 1.83
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Polycab India (NSE:POLYCAB) 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.
Polycab India PEG Ratio Related Terms
Polycab India PEG Ratio Historical Data
* Premium members only.
The historical data trend for Polycab India'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 Electrical Equipment & Parts subindustry, Polycab India'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.
Polycab India PEG Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Polycab India'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.
Polycab India (NSE:POLYCAB) has a PEG Ratio of 1.80 as of Jul. 08, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Polycab India and its competitors. This is near median its historical median of 1.94. Over the past decade, Polycab India's PEG Ratio has ranged from 1.24 to 3.03. According to the industry distribution chart, Polycab India ranks #637 out of 1280 companies in the Industrial Products industry, placing it in the top 49.8%.
Is Polycab India's PEG Ratio too high?
Polycab India's current PEG Ratio of 1.80 is near median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 3.03. The Industrial Products industry median PEG Ratio is 1.83. Polycab India's value of 1.80 is 1.6% below this industry median. Based on the distribution chart, Polycab India ranks #637 out of 1280 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Polycab India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's PEG Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #637 out of 1280 companies for PEG Ratio. This puts Polycab India in the upper half of its industry. The industry median PEG Ratio is 1.83. Polycab India's value of 1.80 is 1.6% below this benchmark. Historically, Polycab India's own PEG Ratio has ranged from 1.24 to 3.03 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.83, Polycab India 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 Industrial Products company?
The median PEG Ratio among Industrial Products companies is 1.83, based on 1,280 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. Polycab India's current PEG Ratio of 1.80 is 1.6% 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 Polycab India and its competitors. For the Industrial Products industry, the median PEG Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current PEG Ratio is 1.80, which is near median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,522.63, compared to a current price of ₹9,234.00 — trading 3% below its estimated fair value. The current PEG Ratio is 1.80, which is near median its 10-year median of 1.94 and 1.6% below the Industrial Products industry median of 1.83. Polycab India's overall GF Score™ is 97/100 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 Polycab India (NSE:POLYCAB), the current PEG Ratio is 1.80 as of Jul. 08, 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 Polycab India (NSE:POLYCAB) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹9,234.00 is trading 3% below its estimated GF Value™ of ₹9,522.63.
GuruFocus considers Polycab India to be Fairly Valued.
Key valuation signals for NSE:POLYCAB:
PEG Ratio: 1.80 (near median its 10-year median of 1.94)
GF Value™: ₹9,522.63 vs. price of ₹9,234.00 (3% below fair value)
Industry Position: 1.6% below the Industrial Products median (#637 of 1280)
No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
97GF Score
Get the complete analysis for NSE:POLYCAB
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