Thermax P/E Ratio
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
Valuation Signal
Sector Context
Earnings Breakdown (TTM)
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.
| 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 |