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Thermax P/E Ratio

Current P/E Ratio
79.5
High Valuation
Very High - High growth expectations or significantly overvalued

Thermax (THERMAX) P/E ratio is 79.5 (High), EPS (TTM) ₹63.95, current price ₹4828.80 on NSE vs historical average P/E of 45.37 (100.0th percentile) — Very High - High growth expectations or significantly overvalued. Browse Thermax financial data for revenue, profit, balance sheet and cash flow data.

Current Valuation Metrics

P/E Ratio 79.5
Current Price ₹4828.80
EPS (TTM) ₹63.95
Exchange NSE

Valuation Signal

Signal Overvalued
Historical Avg 45.37
Historical Range 32.13 - 64.97
Percentile 100.0%

Sector Context

Sector Average 67.52
Sector Median 29.5
Sector Rank #11 of 240
Sector Percentile 4.6%

Earnings Breakdown (TTM)

TTM EPS ₹64.10
Mar 2026 ₹21.68
Sept 2025 ₹10.62

THERMAX P/E Ratio — Valuation Signal & Historical Context

Thermax P/E 79.5 vs historical average 45.37, range 32.13–64.97 — signal: Overvalued. Analyse Thermax shareholding analysis to track promoter, FII and institutional holdings.

  • Stock appears overvalued with PE of 79.5, suggesting caution for new investments
  • Current PE is 75.2% above historical average
  • Trading at premium to sector average PE of 67.52

Thermax P/E Ratio Historical Trend

THERMAX annual price-to-earnings ratio — 9 years, EPS and year-end price. Current P/E 79.5 vs historical average 45.37. For live price, revenue and the complete fundamental profile, see THERMAX share price screener.

THERMAX Historical P/E Ratio — EPS, Year-End Price & Valuation

Thermax annual P/E ratio, EPS (₹), year-end price and valuation category on NSE.

Year P/E Ratio EPS (₹) Year-end Price (₹) Exchange Valuation
2025 64.97 60.54 ₹3933.45 NSE High
2024 56.25 54.96 ₹3091.40 NSE High
2023 36.15 54.25 ₹1961.30 NSE High
2022 51.5 35.23 ₹1814.20 NSE High
2021 32.13 28.16 ₹904.80 NSE High
2019 42.4 26.67 ₹1130.70 NSE High
2018 49.81 24.35 ₹1212.85 NSE High
2017 41.51 17.77 ₹737.60 NSE High
2016 33.62 26.33 ₹885.10 NSE High

THERMAX vs Capital Goods Peers — P/E Ratio Comparison

Thermax P/E 79.5 vs Capital Goods average 67.52, median 29.5 — range 0.03–4650.71.

Sector Average
67.52
Sector Median
29.5
Lowest P/E
0.03
Highest P/E
4650.71
Companies
240
Company Symbol P/E Ratio Market Cap (₹ Cr) Valuation
Hindustan Udyog ZHINUDYP 0.03 ₹2 Low
Gensol Engineering GENSOL 1.06 ₹86 Low
Cybele Industries CYBELEIND 1.48 ₹52 Low
Gujarat Poly Avx Electro… GUJARATPOLY 2.5 ₹70 Low
Switching Technologies G… SWITCHTE 3.38 ₹23 Low
Harish Textile Engineers HARISH 4.04 ₹22 Low
Sampat Aluminium SAMPAT 5.66 ₹34 Low
Laxmipati Engineering LAXMIPATI 6.47 ₹154 Low
Srigee DLM SRIGEE 6.85 ₹45 Low
International Conveyors INTLCONV 7.81 ₹530 Low