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Shivagrico ImplementsBOM:522237 -2.59%65 PE Ratio without NRI is 34.14 as of Jul. 14, 2026, which is 0% above its 10-year median of 34.06. GuruFocus rates BOM:522237 with a GF Score™ of 65/100 and a GF Value™ of ₹28.98 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,273 Industrial Products companies, Shivagrico Implements ranks worse than 61.64% 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 (2026-07-14), Shivagrico Implements's share price is ₹26.29.
Shivagrico Implements's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0.77. Therefore, Shivagrico Implements's PE Ratio without NRI for today is 34.14.
During the past 13 years, Shivagrico Implements's highest PE Ratio without NRI was 4580.00. The lowest was 3.44. And the median was 34.06.
Shivagrico Implements (BOM:522237) 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.
Shivagrico Implements PE Ratio without NRI Related Terms
Shivagrico Implements PE Ratio without NRI Historical Data
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The historical data trend for Shivagrico Implements'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:522237 vs SNA, RBC, LECO: PE Ratio without NRI Comparison
For the Tools & Accessories subindustry, Shivagrico Implements'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.
Shivagrico Implements PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shivagrico Implements's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Shivagrico Implements's PE Ratio without NRI falls into.
Shivagrico Implements 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.
Shivagrico Implements's Share Price of today is ₹26.29.
Shivagrico Implements'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 ₹0.77.
* 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.
Shivagrico Implements (BOM:522237) has a PE Ratio without NRI of 34.14 as of Jul. 14, 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 Shivagrico Implements and its competitors. This is near median its historical median of 34.06. Over the past decade, Shivagrico Implements' PE Ratio without NRI has ranged from 3.44 to 4,580.00. According to the industry distribution chart, Shivagrico Implements ranks #1401 out of 2273 companies in the Industrial Products industry, placing it in the top 61.6%.
Is Shivagrico Implements' PE Ratio without NRI too high?
Shivagrico Implements' current PE Ratio without NRI of 34.14 is near median its 10-year median of 34.06. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 4,580.00. The Industrial Products industry median PE Ratio without NRI is 26.92. Shivagrico Implements' value of 34.14 is 26.8% above this industry median. Based on the distribution chart, Shivagrico Implements ranks #1401 out of 2273 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shivagrico Implements has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shivagrico Implements' PE Ratio without NRI compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Shivagrico Implements ranks #1401 out of 2273 companies for PE Ratio without NRI. This places Shivagrico Implements in the lower half of its industry. The industry median PE Ratio without NRI is 26.92. Shivagrico Implements' value of 34.14 is 26.8% above this benchmark. Historically, Shivagrico Implements' own PE Ratio without NRI has ranged from 3.44 to 4,580.00 over the past decade. While the company's 10-year median is 34.06 vs. the industry median of 26.92, Shivagrico Implements 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 26.92, based on 2,273 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. Shivagrico Implements's current PE Ratio without NRI of 34.14 is 26.8% 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 Shivagrico Implements and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 26.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivagrico Implements's current PE Ratio without NRI is 34.14, which is near median its own 10-year median of 34.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivagrico Implements stock overvalued right now?
Based on GuruFocus' analysis, Shivagrico Implements (BOM:522237) is currently considered Fairly Valued. The stock's GF Value™ is ₹28.98, compared to a current price of ₹26.29 — trading 9.3% below its estimated fair value. The current PE Ratio without NRI is 34.14, which is near median its 10-year median of 34.06 and 26.8% above the Industrial Products industry median of 26.92. Shivagrico Implements' overall GF Score™ is 65/100 with 4 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 Shivagrico Implements (BOM:522237), the current PE Ratio without NRI is 34.14 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 Shivagrico Implements (BOM:522237) Overvalued in 2026?
Based on GuruFocus' analysis, Shivagrico Implements stock appears to be undervalued.
The current stock price of ₹26.29 is trading 9.3% below its estimated GF Value™ of ₹28.98.
GuruFocus considers Shivagrico Implements to be Fairly Valued.
Key valuation signals for BOM:522237:
PE Ratio without NRI: 34.14 (near median its 10-year median of 34.06)
GF Value™: ₹28.98 vs. price of ₹26.29 (9.3% below fair value)
Industry Position: 26.8% above the Industrial Products median (#1401 of 2273)
No single metric tells the full story. See the BOM:522237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shivagrico Implements Ltd mainly deals in the rolling and forging of agricultural implements and other products. Its product portfolio comprises hot-rolled flats, bars, rounds, angles, and more, for both market sales as well as for captive self-consumption. In addition, it offers various hand tools and implements such as pickaxes of different types, crowbars, digging bars, hoes, pick mattocks, etc. The company is engaged in a single operating segment, the Rolling and Forging division. Geographically, the company derives maximum revenue from its business in India, and also has some exposure to overseas markets.
65GF 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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