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ASIAN PAINTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASIAN PAINTS is 56.42.

Share Price ₹2,746.9Jul 30,2026
Market Cap ₹263,482.6 Cr
Earnings-TTM₹4,669.7 CrTTM-Consolidated Results
Price/Earnings56.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASIAN PAINTS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of ASIAN PAINTS is calculated as :

Current Market Cap [ ₹263,482.6 Cr] as on Jul 30,2026

(/) Earnings [ ₹4,669.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 56.42x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for ASIAN PAINTS , the investors are currently willing to pay 56.42 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ASIAN PAINTS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of ASIAN PAINTS over the last five years.

Historical PE (Price/Earnings) ratio chart of ASIAN PAINTS


PE Ratio Performance Analysis for ASIAN PAINTS

- ASIAN PAINTS 's latest p/e ratio is 56.42x.

- ASIAN PAINTS 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 64.24x.

- ASIAN PAINTS 's operated at median p/e ratio of 61.14x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN PAINTS 's p/e ratio peaked in Mar2022 at 97.54x.

- ASIAN PAINTS 's p/e ratio hit its five-year low in Mar2026 of 48x.


How does ASIAN PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASIAN PAINTS 4,669.6656.42263,482.6
BERGER PAINTS INDIA LTD1,076.9756.4060,742.9
KANSAI NEROLAC PAINTS LTD575.8427.9716,106.8
JSW DULUX LTD1,973.806.8213,456.0
INDIGO PAINTS LTD147.6135.015,168.0
SHALIMAR PAINTS LTD-64.85-8.66561.9

Paints Industry Benchmark (Top 10) PE Analysis vs ASIAN PAINTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -8.66x
Max industry PE 56.42x
Median industry PE 35.01x
Average industry PE 28.99x



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