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Garware Technical FibresNSE:GARFIBRES +0.63%97 PE Ratio (TTM) is 38.95 as of Jul. 22, 2026, which is 7% above its 10-year median of 36.30. GuruFocus rates NSE:GARFIBRES with a GF Score™ of 97/100 and a GF Value™ of ₹830.03 (Fairly Valued). The stock has 3 warning signs investors should review. Among 729 Manufacturing - Apparel & Accessories companies, Garware Technical Fibres ranks worse than 75.31% 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 (2026-07-22), Garware Technical Fibres's share price is
₹779.00.
Garware Technical Fibres's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹20.00. Therefore, Garware Technical Fibres's PE Ratio (TTM) for today is 38.95.
Warning Sign:
Garware Technical Fibres Ltd stock PE Ratio (=38.16) is close to 3-year high of 41.65.
The historical rank and industry rank for Garware Technical Fibres's PE Ratio (TTM) or its related term are showing as below:
NSE:GARFIBRES'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 16.03 Med: 36.3 Max: 8690
Current: 38.85
During the past 13 years, the highest PE Ratio (TTM) of Garware Technical Fibres was 8690.00. The lowest was 16.03. And the median was 36.30.
NSE:GARFIBRES's PE Ratio (TTM) is ranked worse than 75.31% of 729
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.7
vs NSE:GARFIBRES: 38.85
During the past 12 months, Garware Technical Fibres's average EPS without NRIGrowth Rate was -9.80% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 11.90% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 12.10% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 13.80% per year.
During the past 13 years, Garware Technical Fibres's highest 3-Year average EPS without NRI Growth Rate was 49.70% per year. The lowest was -9.70% per year. And the median was 12.20% per year.
Garware Technical Fibres (NSE:GARFIBRES) 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).
Garware Technical Fibres PE Ratio (TTM) Related Terms
Garware Technical Fibres PE Ratio (TTM) Historical Data
* 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.
Garware Technical Fibres PE Ratio (TTM) Competitor Comparison
For the Textile Manufacturing subindustry, Garware Technical Fibres'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.
Garware Technical Fibres PE Ratio (TTM) vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Garware Technical Fibres's PE Ratio (TTM) falls into.
Garware Technical Fibres PE Ratio (TTM) Calculation
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.
Garware Technical Fibres's Share Price of today is ₹779.00.
Garware Technical Fibres'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 ₹20.00.
* 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.
Garware Technical Fibres (NSE:GARFIBRES) has a PE Ratio (TTM) of 38.95 as of Jul. 22, 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 Garware Technical Fibres and its competitors. This is near median its historical median of 36.30. Over the past decade, Garware Technical Fibres' PE Ratio (TTM) has ranged from 16.03 to 8,690.00. According to the industry distribution chart, Garware Technical Fibres ranks #549 out of 729 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.3%.
Is Garware Technical Fibres' PE Ratio (TTM) too high?
Garware Technical Fibres' current PE Ratio (TTM) of 38.95 is near median its 10-year median of 36.30. Over the past 10 years, this metric has ranged from a low of 16.03 to a high of 8,690.00. The Manufacturing - Apparel & Accessories industry median PE Ratio (TTM) is 17.70. Garware Technical Fibres' value of 38.95 is 120.1% above this industry median. Based on the distribution chart, Garware Technical Fibres ranks #549 out of 729 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Garware Technical Fibres has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garware Technical Fibres' PE Ratio (TTM) compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Garware Technical Fibres ranks #549 out of 729 companies for PE Ratio (TTM). This places Garware Technical Fibres in the lower half of its industry. The industry median PE Ratio (TTM) is 17.70. Garware Technical Fibres' value of 38.95 is 120.1% above this benchmark. Historically, Garware Technical Fibres' own PE Ratio (TTM) has ranged from 16.03 to 8,690.00 over the past decade. While the company's 10-year median is 36.30 vs. the industry median of 17.70, Garware Technical Fibres 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 Manufacturing - Apparel & Accessories company?
The median PE Ratio (TTM) among Manufacturing - Apparel & Accessories companies is 17.70, based on 729 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. Garware Technical Fibres's current PE Ratio (TTM) of 38.95 is 120.1% 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 Garware Technical Fibres and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PE Ratio (TTM) is 17.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Technical Fibres's current PE Ratio (TTM) is 38.95, which is near median its own 10-year median of 36.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Technical Fibres stock overvalued right now?
Based on GuruFocus' analysis, Garware Technical Fibres (NSE:GARFIBRES) is currently considered Fairly Valued. The stock's GF Value™ is ₹830.03, compared to a current price of ₹779.00 — trading 6.1% below its estimated fair value. The current PE Ratio (TTM) is 38.95, which is near median its 10-year median of 36.30 and 120.1% above the Manufacturing - Apparel & Accessories industry median of 17.70. Garware Technical Fibres' overall GF Score™ is 97/100 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 Garware Technical Fibres (NSE:GARFIBRES), the current PE Ratio (TTM) is 38.95 as of Jul. 22, 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 Garware Technical Fibres (NSE:GARFIBRES) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Technical Fibres stock appears to be undervalued.
The current stock price of ₹779.00 is trading 6.1% below its estimated GF Value™ of ₹830.03.
GuruFocus considers Garware Technical Fibres to be Fairly Valued.
Key valuation signals for NSE:GARFIBRES:
PE Ratio (TTM): 38.95 (near median its 10-year median of 36.30)
GF Value™: ₹830.03 vs. price of ₹779.00 (6.1% below fair value)
Industry Position: 120.1% above the Manufacturing - Apparel & Accessories median (#549 of 729)
No single metric tells the full story. See the NSE:GARFIBRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Technical Fibres Ltd is involved in the textile business. It provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. The company and its subsidiaries manufacture and sell various products such as ropes, twine, yarn, fishnet, other nets, and technical textiles. Its operating segments are; Synthetic Cordage, and Fibre and Industrial Products and Projects. The maximum revenue is derived from its Synthetic Cordage segment. Geographically, the company caters to both domestic and international markets of which, maximum revenue is generated from international markets through its customers located outside India.
97GF Score
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