Thermax P/E Ratio
Thermax (THERMAX) P/E ratio is 80.71 (High), EPS (TTM) ₹63.95, current price ₹4079.90 on NSE vs historical average P/E of 45.37 (100.0th percentile) — Very High - High growth expectations or significantly overvalued. See THERMAX price to book ratio to compare market price against book value per share.
Current Valuation Metrics
Valuation Signal
Sector Context
Earnings Breakdown (TTM)
THERMAX P/E Ratio — Valuation Signal & Historical Context
Thermax P/E 80.71 vs historical average 45.37, range 32.13–64.97 — signal: Overvalued. For live price, revenue and the complete fundamental profile, see THERMAX share price screener.
- Stock appears overvalued with PE of 80.71, suggesting caution for new investments
- Current PE is 77.9% above historical average
- Trading at premium to sector average PE of 59.69
Thermax P/E Ratio Historical Trend
THERMAX annual price-to-earnings ratio — 9 years, EPS and year-end price. Current P/E 80.71 vs historical average 45.37. Read Thermax dividend payments for the complete payout history and dividend yield track record.
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 80.71 vs Capital Goods average 59.69, median 27.2 — range 0.03–3463.93.
| 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 | 1.51 | ₹41 | Low |
| Magnus Steel & Infra | MAGNUS | 2.06 | ₹13 | Low |
| Gujarat Poly Avx Electro… | GUJARATPOLY | 2.14 | ₹57 | Low |
| Harish Textile Engineers | HARISH | 4.01 | ₹20 | Low |
| Switching Technologies G… | SWITCHTE | 4.31 | ₹28 | Low |
| Sampat Aluminium | SAMPAT | 5.46 | ₹32 | Low |
| Jyoti | JYOTI | 6.55 | ₹120 | Low |
| Srigee DLM | SRIGEE | 6.61 | ₹45 | Low |