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.
Asian PaintsNSE:ASIANPAINT -0.42%100 PE Ratio (TTM) is 58.56 as of Jul. 15, 2026, which is 6% below its 10-year median of 62.45. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 100/100 and a GF Value™ of ₹2,973.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,155 Chemicals companies, Asian Paints ranks worse than 78.87% on this metric.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-15), Asian Paints's share price is
₹2641.00.
Asian Paints's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹45.10. Therefore, Asian Paints's PE Ratio (TTM) for today is 58.56.
The historical rank and industry rank for Asian Paints's PE Ratio (TTM) or its related term are showing as below:
NSE:ASIANPAINT'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 44.13 Med: 62.45 Max: 113.05
Current: 58.55
During the past 13 years, the highest PE Ratio (TTM) of Asian Paints was 113.05. The lowest was 44.13. And the median was 62.45.
NSE:ASIANPAINT's PE Ratio (TTM) is ranked worse than 78.87% of 1155
companies
in the Chemicals industry
Industry Median: 24.41
vs NSE:ASIANPAINT: 58.55
During the past 13 years, Asian Paints's highestPE Ratio without NRI was 113.05. The lowest was 43.47. And the median was 62.44.
Asian Paints's EPS without NRI for the
three
months ended in Mar. 2026 was ₹12.22.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹46.29.
During the past 12 months, Asian Paints's average EPS without NRIGrowth Rate was 18.10% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 1.80% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 7.40% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 11.10% per year.
During the past 13 years, Asian Paints's highest 3-Year average EPS without NRI Growth Rate was 42.90% per year. The lowest was 1.80% per year. And the median was 14.80% per year.
Asian Paints's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹12.23.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹45.13.
Asian Paints (NSE:ASIANPAINT) PE Ratio (TTM) Explanation
The PE Ratio (TTM) 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 (TTM) 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 (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) 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 (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) 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 (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) 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 (TTM) 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 (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items 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 PE Ratio (TTM).
Asian Paints PE Ratio (TTM) Related Terms
Asian Paints PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for Asian Paints's PE Ratio (TTM) 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:ASIANPAINT vs LIN, SHW, ECL: PE Ratio (TTM) Comparison
For the Specialty Chemicals subindustry, Asian Paints's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.
Asian Paints PE Ratio (TTM) vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Asian Paints's PE Ratio (TTM) falls into.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Asian Paints's PE Ratio (TTM) for today is calculated as
Asian Paints's Share Price of today is ₹2641.00.
Asian Paints's Earnings per Share (Diluted) 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 ₹45.10.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
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. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
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.
Asian Paints (NSE:ASIANPAINT) has a PE Ratio (TTM) of 58.56 as of Jul. 15, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Asian Paints and its competitors. This is near median its historical median of 62.45. Over the past decade, Asian Paints' PE Ratio (TTM) has ranged from 44.13 to 113.05. According to the industry distribution chart, Asian Paints ranks #911 out of 1155 companies in the Chemicals industry, placing it in the top 78.9%.
Is Asian Paints' PE Ratio (TTM) too high?
Asian Paints' current PE Ratio (TTM) of 58.56 is near median its 10-year median of 62.45. Over the past 10 years, this metric has ranged from a low of 44.13 to a high of 113.05. The Chemicals industry median PE Ratio (TTM) is 24.41. Asian Paints' value of 58.56 is 139.9% above this industry median. Based on the distribution chart, Asian Paints ranks #911 out of 1155 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Asian Paints has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' PE Ratio (TTM) compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #911 out of 1155 companies for PE Ratio (TTM). This places Asian Paints in the lower half of its industry. The industry median PE Ratio (TTM) is 24.41. Asian Paints' value of 58.56 is 139.9% above this benchmark. Historically, Asian Paints' own PE Ratio (TTM) has ranged from 44.13 to 113.05 over the past decade. While the company's 10-year median is 62.45 vs. the industry median of 24.41, Asian Paints 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 (TTM) for a Chemicals company?
The median PE Ratio (TTM) among Chemicals companies is 24.41, based on 1,155 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asian Paints's current PE Ratio (TTM) of 58.56 is 139.9% 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 (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Asian Paints and its competitors. For the Chemicals industry, the median PE Ratio (TTM) is 24.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current PE Ratio (TTM) is 58.56, which is near median its own 10-year median of 62.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,973.82, compared to a current price of ₹2,641.00 — trading 11.2% below its estimated fair value. The current PE Ratio (TTM) is 58.56, which is near median its 10-year median of 62.45 and 139.9% above the Chemicals industry median of 24.41. Asian Paints' overall GF Score™ is 100/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current PE Ratio (TTM) is 58.56 as of Jul. 15, 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 Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,641.00 is trading 11.2% below its estimated GF Value™ of ₹2,973.82.
GuruFocus considers Asian Paints to be Modestly Undervalued.
Key valuation signals for NSE:ASIANPAINT:
PE Ratio (TTM): 58.56 (near median its 10-year median of 62.45)
GF Value™: ₹2,973.82 vs. price of ₹2,641.00 (11.2% below fair value)
Industry Position: 139.9% above the Chemicals median (#911 of 1155)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
100GF Score
Get the complete analysis for NSE:ASIANPAINT
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ASIANPAINT has been successfully added to your 
