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Adani Energy SolutionsNSE:ADANIENSOL +0.40%87 PE Ratio without NRI is 93.05 as of Jul. 21, 2026, which is 16% above its 10-year median of 80.10. GuruFocus rates NSE:ADANIENSOL with a GF Score™ of 87/100 and a GF Value™ of ₹1,451.50 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 294 Utilities - Independent Power Producers companies, Adani Energy Solutions ranks worse than 88.78% 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 (2026-07-21), Adani Energy Solutions's share price is ₹1729.50.
Adani Energy Solutions's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹18.59. Therefore, Adani Energy Solutions's PE Ratio without NRI for today is 93.05.
During the past 12 years, Adani Energy Solutions's highest PE Ratio without NRI was 619.40. The lowest was 9.04. And the median was 80.10.
Adani Energy Solutions (NSE:ADANIENSOL) 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.
Adani Energy Solutions PE Ratio without NRI Related Terms
Adani Energy Solutions PE Ratio without NRI Historical Data
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The historical data trend for Adani Energy Solutions'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.
NSE:ADANIENSOL vs CEG, VST, NRG: PE Ratio without NRI Comparison
For the Utilities - Independent Power Producers subindustry, Adani Energy Solutions'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.
Adani Energy Solutions PE Ratio without NRI vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Energy Solutions's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Adani Energy Solutions's PE Ratio without NRI falls into.
Adani Energy Solutions 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.
Adani Energy Solutions's Share Price of today is ₹1729.50.
Adani Energy Solutions'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 ₹18.59.
* 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.
Adani Energy Solutions (NSE:ADANIENSOL) has a PE Ratio without NRI of 93.05 as of Jul. 21, 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 Adani Energy Solutions and its competitors. This is 16% above median its historical median of 80.10. Over the past decade, Adani Energy Solutions' PE Ratio without NRI has ranged from 9.04 to 619.40. According to the industry distribution chart, Adani Energy Solutions ranks #261 out of 294 companies in the Utilities - Independent Power Producers industry, placing it in the top 88.8%.
Is Adani Energy Solutions' PE Ratio without NRI too high?
Adani Energy Solutions' current PE Ratio without NRI of 93.05 is 16% above median its 10-year median of 80.10. Over the past 10 years, this metric has ranged from a low of 9.04 to a high of 619.40. The Utilities - Independent Power Producers industry median PE Ratio without NRI is 20.14. Adani Energy Solutions' value of 93.05 is 362% above this industry median. Based on the distribution chart, Adani Energy Solutions ranks #261 out of 294 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Adani Energy Solutions has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Energy Solutions' PE Ratio without NRI compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Energy Solutions ranks #261 out of 294 companies for PE Ratio without NRI. This places Adani Energy Solutions in the lower half of its industry. The industry median PE Ratio without NRI is 20.14. Adani Energy Solutions' value of 93.05 is 362% above this benchmark. Historically, Adani Energy Solutions' own PE Ratio without NRI has ranged from 9.04 to 619.40 over the past decade. While the company's 10-year median is 80.10 vs. the industry median of 20.14, Adani Energy Solutions 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 Utilities - Independent Power Producers company?
The median PE Ratio without NRI among Utilities - Independent Power Producers companies is 20.14, based on 294 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. Adani Energy Solutions's current PE Ratio without NRI of 93.05 is 362% 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 Adani Energy Solutions and its competitors. For the Utilities - Independent Power Producers industry, the median PE Ratio without NRI is 20.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Energy Solutions's current PE Ratio without NRI is 93.05, which is 16% above median its own 10-year median of 80.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, Adani Energy Solutions (NSE:ADANIENSOL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,451.50, compared to a current price of ₹1,729.50 — trading 19.2% above its estimated fair value. The current PE Ratio without NRI is 93.05, which is 16% above median its 10-year median of 80.10 and 362% above the Utilities - Independent Power Producers industry median of 20.14. Adani Energy Solutions' overall GF Score™ is 87/100 with 9 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 Adani Energy Solutions (NSE:ADANIENSOL), the current PE Ratio without NRI is 93.05 as of Jul. 21, 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 Adani Energy Solutions (NSE:ADANIENSOL) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Energy Solutions stock appears to be overvalued.
The current stock price of ₹1,729.50 is trading 19.2% above its estimated GF Value™ of ₹1,451.50.
GuruFocus considers Adani Energy Solutions to be Modestly Overvalued.
Key valuation signals for NSE:ADANIENSOL:
PE Ratio without NRI: 93.05 (16% above median its 10-year median of 80.10)
GF Value™: ₹1,451.50 vs. price of ₹1,729.50 (19.2% above fair value)
Industry Position: 362% above the Utilities - Independent Power Producers median (#261 of 294)
No single metric tells the full story. See the NSE:ADANIENSOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Energy Solutions Ltd operates in India and deals in the trading of various bullions and other commodities. It has entered into business opportunities through Optical Ground Wire (OPGW) fibres on transmission lines with the ambition of expanding its telecom solutions to Telcos, Internet Service Providers, and long-distance communication operators. The commercialization of the network is carried out through leasing spare capacities to communication players. It also offers utility services related to telecommunications and fibre connectivity, and business operations include the construction and development of transmission infrastructure assets. It operates through the Transmission, Distribution, Smart Meter, Trading, and Others segments, with Distribution generating the maximum revenue.
87GF Score
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