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JM FinancialNSE:JMFINANCIL -1.28%68 PE Ratio (TTM) is 9.89 as of Jul. 19, 2026, which is 32% below its 10-year median of 14.60. GuruFocus rates NSE:JMFINANCIL with a GF Score™ of 68/100 and a GF Value™ of ₹140.15 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 560 Capital Markets companies, JM Financial ranks better than 74.82% 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 (2026-07-19), JM Financial's share price is
₹124.25.
JM Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹12.56. Therefore, JM Financial's PE Ratio (TTM) for today is 9.89.
Good Sign:
JM Financial Ltd stock PE Ratio (=9.9) is close to 3-year low of 9.1.
The historical rank and industry rank for JM Financial's PE Ratio (TTM) or its related term are showing as below:
NSE:JMFINANCIL'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 7.14 Med: 14.6 Max: 33.55
Current: 9.89
During the past 13 years, the highest PE Ratio (TTM) of JM Financial was 33.55. The lowest was 7.14. And the median was 14.60.
NSE:JMFINANCIL's PE Ratio (TTM) is ranked better than 74.82% of 560
companies
in the Capital Markets industry
Industry Median: 16.75
vs NSE:JMFINANCIL: 9.89
JM Financial's EPS without NRI for the
three
months ended in Mar. 2026 was ₹1.73.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹12.33.
During the past 12 months, JM Financial's average EPS without NRIGrowth Rate was 46.30% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 26.20% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 9.70% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 4.70% per year.
During the past 13 years, JM Financial's highest 3-Year average EPS without NRI Growth Rate was 83.10% per year. The lowest was -49.70% per year. And the median was 6.10% per year.
JM Financial's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹1.73.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹12.57.
JM Financial (NSE:JMFINANCIL) 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).
JM Financial PE Ratio (TTM) Related Terms
JM Financial PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for JM Financial'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:JMFINANCIL vs MS, GS, SCHW: PE Ratio (TTM) Comparison
For the Capital Markets subindustry, JM Financial'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.
JM Financial PE Ratio (TTM) vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, JM Financial's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where JM Financial'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.
JM Financial's PE Ratio (TTM) for today is calculated as
JM Financial's Share Price of today is ₹124.25.
JM Financial'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 ₹12.56.
* 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.
JM Financial (NSE:JMFINANCIL) has a PE Ratio (TTM) of 9.89 as of Jul. 19, 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 JM Financial and its competitors. This is 32% below median its historical median of 14.60. Over the past decade, JM Financial's PE Ratio (TTM) has ranged from 7.14 to 33.55. According to the industry distribution chart, JM Financial ranks #141 out of 560 companies in the Capital Markets industry, placing it in the top 25.2%.
Is JM Financial's PE Ratio (TTM) too high?
JM Financial's current PE Ratio (TTM) of 9.89 is 32% below median its 10-year median of 14.60. Over the past 10 years, this metric has ranged from a low of 7.14 to a high of 33.55. The Capital Markets industry median PE Ratio (TTM) is 16.75. JM Financial's value of 9.89 is 41% below this industry median. Based on the distribution chart, JM Financial ranks #141 out of 560 companies in the Capital Markets industry, which is above the industry midpoint. Overall, JM Financial has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JM Financial's PE Ratio (TTM) compare to MS and GS?
According to the Capital Markets industry distribution chart, JM Financial ranks #141 out of 560 companies for PE Ratio (TTM). This puts JM Financial in the upper half of its industry. The industry median PE Ratio (TTM) is 16.75. JM Financial's value of 9.89 is 41% below this benchmark. Historically, JM Financial's own PE Ratio (TTM) has ranged from 7.14 to 33.55 over the past decade. While the company's 10-year median is 14.60 vs. the industry median of 16.75, JM Financial 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 (TTM) for a Capital Markets company?
The median PE Ratio (TTM) among Capital Markets companies is 16.75, based on 560 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. JM Financial's current PE Ratio (TTM) of 9.89 is 41% 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 (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 JM Financial and its competitors. For the Capital Markets industry, the median PE Ratio (TTM) is 16.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Financial's current PE Ratio (TTM) is 9.89, which is 32% below median its own 10-year median of 14.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Financial stock overvalued right now?
Based on GuruFocus' analysis, JM Financial (NSE:JMFINANCIL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹140.15, compared to a current price of ₹124.25 — trading 11.3% below its estimated fair value. The current PE Ratio (TTM) is 9.89, which is 32% below median its 10-year median of 14.60 and 41% below the Capital Markets industry median of 16.75. JM Financial's overall GF Score™ is 68/100 with 1 warning sign 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 JM Financial (NSE:JMFINANCIL), the current PE Ratio (TTM) is 9.89 as of Jul. 19, 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 JM Financial (NSE:JMFINANCIL) Overvalued in 2026?
Based on GuruFocus' analysis, JM Financial stock appears to be undervalued.
The current stock price of ₹124.25 is trading 11.3% below its estimated GF Value™ of ₹140.15.
GuruFocus considers JM Financial to be Modestly Undervalued.
Key valuation signals for NSE:JMFINANCIL:
PE Ratio (TTM): 9.89 (32% below median its 10-year median of 14.60)
GF Value™: ₹140.15 vs. price of ₹124.25 (11.3% below fair value)
Industry Position: 41% below the Capital Markets median (#141 of 560)
No single metric tells the full story. See the NSE:JMFINANCIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JM Financial Ltd is an India-based financial services group, specialising in providing a range of businesses to corporations, financial institutions, high-net-worth individuals, and retail investors. Its operating segment includes Investment Banking; Asset Management, Wealth Management and Securities Business (Platform AWS); Mortgage Lending; Alternative & Distressed Credit; and Others. The Investment Banking segment, which is the key revenue-generating segment, includes management of capital markets transactions, advising on mergers & acquisitions, and private equity syndication. This segment also includes institutional equities business and research, private wealth management, PMS, private equity funds, fixed income, syndication, and finance.
68GF Score
Get the complete analysis for NSE:JMFINANCIL
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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