Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Bajaj FinservBOM:532978 -1.21%80 PE Ratio without NRI is 30.02 as of Jul. 23, 2026, which is 13% below its 10-year median of 34.61. GuruFocus rates BOM:532978 with a GF Score™ of 80/100 and a GF Value™ of ₹2,511.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 304 Diversified Financial Services companies, Bajaj Finserv ranks better than 78.62% 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 (2026-07-23), Bajaj Finserv's share price is ₹1877.45.
Bajaj Finserv's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹62.53. Therefore, Bajaj Finserv's PE Ratio without NRI for today is 30.02.
During the past 13 years, Bajaj Finserv's highest PE Ratio without NRI was 72.15. The lowest was 19.42. And the median was 34.61.
During the past years, Bajaj Finserv's highestPE Ratio (TTM) was 72.15. The lowest was 19.42. And the median was 34.61.
Bajaj Finserv's
EPS (Diluted) for the
three
months ended in Mar. 2026 was ₹15.80.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹60.80.
Bajaj Finserv's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹15.90.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹61.50.
Bajaj Finserv (BOM:532978) 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.
Bajaj Finserv PE Ratio without NRI Related Terms
Bajaj Finserv PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for Bajaj Finserv'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:532978 vs VOYA, FRHC: PE Ratio without NRI Comparison
For the Financial Conglomerates subindustry, Bajaj Finserv'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.
Bajaj Finserv PE Ratio without NRI vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Bajaj Finserv's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Bajaj Finserv's PE Ratio without NRI falls into.
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.
Bajaj Finserv's PE Ratio without NRI for today is calculated as
Bajaj Finserv's Share Price of today is ₹1877.45.
Bajaj Finserv'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 ₹62.53.
* 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.
Bajaj Finserv (BOM:532978) has a PE Ratio without NRI of 30.02 as of Jul. 23, 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 Bajaj Finserv and its competitors. This is 13% below median its historical median of 34.61. Over the past decade, Bajaj Finserv's PE Ratio without NRI has ranged from 19.42 to 72.15. According to the industry distribution chart, Bajaj Finserv ranks #65 out of 304 companies in the Diversified Financial Services industry, placing it in the top 21.4%.
Is Bajaj Finserv's PE Ratio without NRI too high?
Bajaj Finserv's current PE Ratio without NRI of 30.02 is 13% below median its 10-year median of 34.61. Over the past 10 years, this metric has ranged from a low of 19.42 to a high of 72.15. The Diversified Financial Services industry median PE Ratio without NRI is 62.40. Bajaj Finserv's value of 30.02 is 51.9% below this industry median. Based on the distribution chart, Bajaj Finserv ranks #65 out of 304 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Bajaj Finserv has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Finserv's PE Ratio without NRI compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Bajaj Finserv ranks #65 out of 304 companies for PE Ratio without NRI. This places Bajaj Finserv in the top 21% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 62.40. Bajaj Finserv's value of 30.02 is 51.9% below this benchmark. Historically, Bajaj Finserv's own PE Ratio without NRI has ranged from 19.42 to 72.15 over the past decade. While the company's 10-year median is 34.61 vs. the industry median of 62.40, Bajaj Finserv 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 a Diversified Financial Services company?
The median PE Ratio without NRI among Diversified Financial Services companies is 62.40, based on 304 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. Bajaj Finserv's current PE Ratio without NRI of 30.02 is 51.9% 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 Bajaj Finserv and its competitors. For the Diversified Financial Services industry, the median PE Ratio without NRI is 62.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Finserv's current PE Ratio without NRI is 30.02, which is 13% below median its own 10-year median of 34.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Finserv stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Finserv (BOM:532978) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,511.70, compared to a current price of ₹1,877.45 — trading 25.3% below its estimated fair value. The current PE Ratio without NRI is 30.02, which is 13% below median its 10-year median of 34.61 and 51.9% below the Diversified Financial Services industry median of 62.40. Bajaj Finserv's overall GF Score™ is 80/100 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 Bajaj Finserv (BOM:532978), the current PE Ratio without NRI is 30.02 as of Jul. 23, 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 Bajaj Finserv (BOM:532978) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Finserv stock appears to be undervalued.
The current stock price of ₹1,877.45 is trading 25.3% below its estimated GF Value™ of ₹2,511.70.
GuruFocus considers Bajaj Finserv to be Modestly Undervalued.
Key valuation signals for BOM:532978:
PE Ratio without NRI: 30.02 (13% below median its 10-year median of 34.61)
GF Value™: ₹2,511.70 vs. price of ₹1,877.45 (25.3% below fair value)
Industry Position: 51.9% below the Diversified Financial Services median (#65 of 304)
No single metric tells the full story. See the BOM:532978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Finserv Ltd is a non-banking financial services company headquartered in India that engages in lending activities. It services six lending verticals: consumer, small and midsize enterprises, commercial, rural, deposits, and partnerships and services. Bajaj's consumer and rural lending consists of funding solutions for consumer durables, such as vehicles and furniture, to personal loans. The commercial lending activities consist of funding for plant and machinery assets and term loans to SMEs. Its business segments include: Life Insurance, General Insurance, Windpower, Retail Finance, and Investment and Others. It derives maximum revenue from the Retail Finance segment. Geographically, the company derives all of its revenue from its operations in India.
80GF Score
Get the complete analysis for BOM:532978
PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:532978 has been successfully added to your 
