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Ion Exchange (India)BOM:500214 -2.33%76 PE Ratio without NRI is 32.07 as of Jul. 29, 2026, which is 68% above its 10-year median of 19.12. GuruFocus rates BOM:500214 with a GF Score™ of 76/100 and a GF Value™ of ₹649.49 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 2,276 Industrial Products companies, Ion Exchange (India) ranks worse than 60.33% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-29), Ion Exchange (India)'s share price is ₹418.65.
Ion Exchange (India)'s EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2.03. Therefore, Ion Exchange (India)'s PE Ratio without NRI for today is 32.07.
During the past 13 years, Ion Exchange (India)'s highest PE Ratio without NRI was 42.78. The lowest was 6.10. And the median was 19.12.
Ion Exchange (India) (BOM:500214) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Ion Exchange (India) PE Ratio without NRI Related Terms
Ion Exchange (India) PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for Ion Exchange (India)'s PE Ratio without NRI 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.
BOM:500214 vs VLTO, ZWS, CECO: PE Ratio without NRI Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'s PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.
Ion Exchange (India) PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'s PE Ratio without NRI falls into.
Ion Exchange (India) PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular 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 regular PE Ratio.
Ion Exchange (India)'s Share Price of today is ₹418.65.
For company reported annually, GuruFocus uses latest annual data as the TTM data. Ion Exchange (India)'s EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2.03.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Ion Exchange (India) (BOM:500214) has a PE Ratio without NRI of 32.07 as of Jul. 29, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Ion Exchange (India) and its competitors. This is 68% above median its historical median of 19.12. Over the past decade, Ion Exchange (India)'s PE Ratio without NRI has ranged from 6.10 to 42.78. According to the industry distribution chart, Ion Exchange (India) ranks #1373 out of 2276 companies in the Industrial Products industry, placing it in the top 60.3%.
Is Ion Exchange (India)'s PE Ratio without NRI too high?
Ion Exchange (India)'s current PE Ratio without NRI of 32.07 is 68% above median its 10-year median of 19.12. Over the past 10 years, this metric has ranged from a low of 6.10 to a high of 42.78. The Industrial Products industry median PE Ratio without NRI is 25.64. Ion Exchange (India)'s value of 32.07 is 25.1% above this industry median. Based on the distribution chart, Ion Exchange (India) ranks #1373 out of 2276 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ion Exchange (India) has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s PE Ratio without NRI compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #1373 out of 2276 companies for PE Ratio without NRI. This places Ion Exchange (India) in the lower half of its industry. The industry median PE Ratio without NRI is 25.64. Ion Exchange (India)'s value of 32.07 is 25.1% above this benchmark. Historically, Ion Exchange (India)'s own PE Ratio without NRI has ranged from 6.10 to 42.78 over the past decade. While the company's 10-year median is 19.12 vs. the industry median of 25.64, Ion Exchange (India) 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 PE Ratio without NRI for an Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 25.64, based on 2,276 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ion Exchange (India)'s current PE Ratio without NRI of 32.07 is 25.1% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Ion Exchange (India) and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 25.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current PE Ratio without NRI is 32.07, which is 68% above median its own 10-year median of 19.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (BOM:500214) is currently considered Possible Value Trap. The stock's GF Value™ is ₹649.49, compared to a current price of ₹418.65 — trading 35.5% below its estimated fair value. The current PE Ratio without NRI is 32.07, which is 68% above median its 10-year median of 19.12 and 25.1% above the Industrial Products industry median of 25.64. Ion Exchange (India)'s overall GF Score™ is 76/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Ion Exchange (India) (BOM:500214), the current PE Ratio without NRI is 32.07 as of Jul. 29, 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 Ion Exchange (India) (BOM:500214) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹418.65 is trading 35.5% below its estimated GF Value™ of ₹649.49.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for BOM:500214:
PE Ratio without NRI: 32.07 (68% above median its 10-year median of 19.12)
GF Value™: ₹649.49 vs. price of ₹418.65 (35.5% below fair value)
Industry Position: 25.1% above the Industrial Products median (#1373 of 2276)
No single metric tells the full story. See the BOM:500214 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
76GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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