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Patels Airtemp (India)BOM:517417 -1.01%68 PE Ratio without NRI is 17.49 as of Jul. 27, 2026, which is 69% above its 10-year median of 10.33. GuruFocus rates BOM:517417 with a GF Score™ of 68/100 and a GF Value™ of ₹305.04 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,277 Industrial Products companies, Patels Airtemp (India) ranks better than 68.82% 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 (2026-07-27), Patels Airtemp (India)'s share price is ₹328.30.
Patels Airtemp (India)'s EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹18.77. Therefore, Patels Airtemp (India)'s PE Ratio without NRI for today is 17.49.
During the past 13 years, Patels Airtemp (India)'s highest PE Ratio without NRI was 27.67. The lowest was 3.27. And the median was 10.33.
Patels Airtemp (India) (BOM:517417) 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.
Patels Airtemp (India) PE Ratio without NRI Related Terms
Patels Airtemp (India) PE Ratio without NRI Historical Data
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The historical data trend for Patels Airtemp (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:517417 vs GEV, ETN, PH: PE Ratio without NRI Comparison
For the Specialty Industrial Machinery subindustry, Patels Airtemp (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.
Patels Airtemp (India) PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Patels Airtemp (India)'s PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Patels Airtemp (India)'s PE Ratio without NRI falls into.
Patels Airtemp (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.
Patels Airtemp (India)'s Share Price of today is ₹328.30.
Patels Airtemp (India)'s EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹18.77.
* 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.
Patels Airtemp (India) (BOM:517417) has a PE Ratio without NRI of 17.49 as of Jul. 27, 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 Patels Airtemp (India) and its competitors. This is 69% above median its historical median of 10.33. Over the past decade, Patels Airtemp (India)'s PE Ratio without NRI has ranged from 3.27 to 27.67. According to the industry distribution chart, Patels Airtemp (India) ranks #710 out of 2277 companies in the Industrial Products industry, placing it in the top 31.2%.
Is Patels Airtemp (India)'s PE Ratio without NRI too high?
Patels Airtemp (India)'s current PE Ratio without NRI of 17.49 is 69% above median its 10-year median of 10.33. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 27.67. The Industrial Products industry median PE Ratio without NRI is 25.90. Patels Airtemp (India)'s value of 17.49 is 32.5% below this industry median. Based on the distribution chart, Patels Airtemp (India) ranks #710 out of 2277 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Patels Airtemp (India) has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patels Airtemp (India)'s PE Ratio without NRI compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Patels Airtemp (India) ranks #710 out of 2277 companies for PE Ratio without NRI. This puts Patels Airtemp (India) in the upper half of its industry. The industry median PE Ratio without NRI is 25.90. Patels Airtemp (India)'s value of 17.49 is 32.5% below this benchmark. Historically, Patels Airtemp (India)'s own PE Ratio without NRI has ranged from 3.27 to 27.67 over the past decade. While the company's 10-year median is 10.33 vs. the industry median of 25.90, Patels Airtemp (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 PE Ratio without NRI for an Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 25.90, based on 2,277 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. Patels Airtemp (India)'s current PE Ratio without NRI of 17.49 is 32.5% 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 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 Patels Airtemp (India) and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 25.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patels Airtemp (India)'s current PE Ratio without NRI is 17.49, which is 69% above median its own 10-year median of 10.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patels Airtemp (India) stock overvalued right now?
Based on GuruFocus' analysis, Patels Airtemp (India) (BOM:517417) is currently considered Fairly Valued. The stock's GF Value™ is ₹305.04, compared to a current price of ₹328.30 — trading 7.6% above its estimated fair value. The current PE Ratio without NRI is 17.49, which is 69% above median its 10-year median of 10.33 and 32.5% below the Industrial Products industry median of 25.90. Patels Airtemp (India)'s overall GF Score™ is 68/100 with 6 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 Patels Airtemp (India) (BOM:517417), the current PE Ratio without NRI is 17.49 as of Jul. 27, 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 Patels Airtemp (India) (BOM:517417) Overvalued in 2026?
Based on GuruFocus' analysis, Patels Airtemp (India) stock appears to be overvalued.
The current stock price of ₹328.30 is trading 7.6% above its estimated GF Value™ of ₹305.04.
GuruFocus considers Patels Airtemp (India) to be Fairly Valued.
Key valuation signals for BOM:517417:
PE Ratio without NRI: 17.49 (69% above median its 10-year median of 10.33)
GF Value™: ₹305.04 vs. price of ₹328.30 (7.6% above fair value)
Industry Position: 32.5% below the Industrial Products median (#710 of 2277)
No single metric tells the full story. See the BOM:517417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patels Airtemp (India) Ltd is engaged in the manufacturing and selling of extensive range of Heat Exchangers such as Shell & Tube Type, Finned Tube Type and Air-Cooled Heat Exchangers, Pressure Vessels, Air-conditioning and Refrigeration equipments and Turnkey HVAC Projects in India & marketing of equipment's in and outside India. The products are supplied to Industrial sections like Power Projects, Refineries, Fertilizers, Cements, Petrochemicals, Pharmaceuticals, Textile and Chemical Industries make them a single window option for multiple products. The Company is operating in single segment business namely Engineering. Geographically, it has presenc within India, USA, Canada, Zambia, and Other countries. It generates the majority of its revenue from within Inida.
68GF Score
Get the complete analysis for BOM:517417
PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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