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.
Vardhman HoldingsNSE:VHL +0.74%66 PE Ratio (TTM) is 5.18 as of Jul. 27, 2026, which is 18% above its 10-year median of 4.38. GuruFocus rates NSE:VHL with a GF Score™ of 66/100 and a GF Value™ of ₹1,813.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,199 Asset Management companies, Vardhman Holdings ranks better than 79.32% 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 (2026-07-27), Vardhman Holdings's share price is
₹3503.30.
Vardhman Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹676.83. Therefore, Vardhman Holdings's PE Ratio (TTM) for today is 5.18.
Warning Sign:
Vardhman Holdings Ltd stock PE Ratio (=5.16) is close to 1-year high of 5.55.
The historical rank and industry rank for Vardhman Holdings's PE Ratio (TTM) or its related term are showing as below:
NSE:VHL'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 1.6 Med: 4.38 Max: 498.97
Current: 5.16
During the past 13 years, the highest PE Ratio (TTM) of Vardhman Holdings was 498.97. The lowest was 1.60. And the median was 4.38.
NSE:VHL's PE Ratio (TTM) is ranked better than 79.32% of 1199
companies
in the Asset Management industry
Industry Median: 11.38
vs NSE:VHL: 5.16
During the past 12 months, Vardhman Holdings's average EPS without NRIGrowth Rate was -16.30% 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 2.40% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 7.80% per year.
During the past 13 years, Vardhman Holdings's highest 3-Year average EPS without NRI Growth Rate was 158.60% per year. The lowest was -19.10% per year. And the median was 16.10% per year.
Vardhman Holdings's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹167.97.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹676.83.
Vardhman Holdings (NSE:VHL) 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).
Vardhman Holdings PE Ratio (TTM) Related Terms
Vardhman Holdings PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for Vardhman Holdings'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:VHL vs BLK, BX, KKR: PE Ratio (TTM) Comparison
For the Asset Management subindustry, Vardhman Holdings'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.
Vardhman Holdings PE Ratio (TTM) vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Vardhman Holdings's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Vardhman Holdings'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.
Vardhman Holdings's Share Price of today is ₹3503.30.
Vardhman Holdings'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 ₹676.83.
* 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.
Vardhman Holdings (NSE:VHL) has a PE Ratio (TTM) of 5.18 as of Jul. 27, 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 Vardhman Holdings and its competitors. This is 18% above median its historical median of 4.38. Over the past decade, Vardhman Holdings' PE Ratio (TTM) has ranged from 1.60 to 498.97. According to the industry distribution chart, Vardhman Holdings ranks #248 out of 1199 companies in the Asset Management industry, placing it in the top 20.7%.
Is Vardhman Holdings' PE Ratio (TTM) too high?
Vardhman Holdings' current PE Ratio (TTM) of 5.18 is 18% above median its 10-year median of 4.38. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 498.97. The Asset Management industry median PE Ratio (TTM) is 11.38. Vardhman Holdings' value of 5.18 is 54.5% below this industry median. Based on the distribution chart, Vardhman Holdings ranks #248 out of 1199 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Vardhman Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Holdings' PE Ratio (TTM) compare to BLK and BX?
According to the Asset Management industry distribution chart, Vardhman Holdings ranks #248 out of 1199 companies for PE Ratio (TTM). This places Vardhman Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median PE Ratio (TTM) is 11.38. Vardhman Holdings' value of 5.18 is 54.5% below this benchmark. Historically, Vardhman Holdings' own PE Ratio (TTM) has ranged from 1.60 to 498.97 over the past decade. While the company's 10-year median is 4.38 vs. the industry median of 11.38, Vardhman Holdings 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 an Asset Management company?
The median PE Ratio (TTM) among Asset Management companies is 11.38, based on 1,199 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. Vardhman Holdings's current PE Ratio (TTM) of 5.18 is 54.5% 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 Vardhman Holdings and its competitors. For the Asset Management industry, the median PE Ratio (TTM) is 11.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Holdings's current PE Ratio (TTM) is 5.18, which is 18% above median its own 10-year median of 4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Holdings (NSE:VHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,813.52, compared to a current price of ₹3,503.30 — trading 93.2% above its estimated fair value. The current PE Ratio (TTM) is 5.18, which is 18% above median its 10-year median of 4.38 and 54.5% below the Asset Management industry median of 11.38. Vardhman Holdings' overall GF Score™ is 66/100 with 5 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 Vardhman Holdings (NSE:VHL), the current PE Ratio (TTM) is 5.18 as of Jul. 27, 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 Vardhman Holdings (NSE:VHL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Holdings stock appears to be overvalued.
The current stock price of ₹3,503.30 is trading 93.2% above its estimated GF Value™ of ₹1,813.52.
GuruFocus considers Vardhman Holdings to be Significantly Overvalued.
Key valuation signals for NSE:VHL:
PE Ratio (TTM): 5.18 (18% above median its 10-year median of 4.38)
GF Value™: ₹1,813.52 vs. price of ₹3,503.30 (93.2% above fair value)
Industry Position: 54.5% below the Asset Management median (#248 of 1199)
No single metric tells the full story. See the NSE:VHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Holdings Ltd operates as a non-banking financial company. It is engaged in the Investment business, the company's sole segment. The company's portfolio consists of investments in debt, equity, and real estate. The group earns its income from investments.
66GF Score
Get the complete analysis for NSE:VHL
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:VHL has been successfully added to your 
