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BHARTI AIRTEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHARTI AIRTEL is 36.77.

Share Price ₹1,971.2Jul 31,2026
Market Cap ₹1,230,234.1 Cr
Earnings-TTM₹33,458.3 CrTTM-Consolidated Results
Price/Earnings36.77xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BHARTI AIRTEL

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 BHARTI AIRTEL is calculated as :

Current Market Cap [ ₹1,230,234.1 Cr] as on Jul 31,2026

(/) Earnings [ ₹33,458.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 36.77x ]

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

Thus, for BHARTI AIRTEL , the investors are currently willing to pay 36.77 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 BHARTI AIRTEL !

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 BHARTI AIRTEL over the last five years.

Historical PE (Price/Earnings) ratio chart of BHARTI AIRTEL


PE Ratio Performance Analysis for BHARTI AIRTEL

- BHARTI AIRTEL 's latest p/e ratio is 36.77x.

- BHARTI AIRTEL 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 63.10x.

- BHARTI AIRTEL 's operated at median p/e ratio of 50.91x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHARTI AIRTEL 's p/e ratio peaked in Mar2022 at 99.24x.

- BHARTI AIRTEL 's p/e ratio hit its five-year low in Mar2025 of 29.92x.


How does BHARTI AIRTEL 's P/E Ratio benchmark against top 10 peers in Telecommunication - Service Provider Industry?

Peer Comparison (Telecommunication - Service Provider Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BHARTI AIRTEL 33,458.3036.771,230,234.1
VODAFONE IDEA LTD34,551.704.08140,954.0
INDUS TOWERS LTD7,153.9014.42103,165.0
BHARTI HEXACOM LTD1,733.2046.3580,330.0
TATA COMMUNICATIONS LTD905.8255.2850,077.4
RAILTEL CORPORATION OF INDIA LTD346.0026.389,129.1
TATA TELESERVICES (MAHARASHTRA) LTD37.53208.057,808.0
MAHANAGAR TELEPHONE NIGAM LTD-3,108.67-0.551,704.2
HATHWAY CABLE & DATACOM LTD73.4925.971,908.2
RELIANCE COMMUNICATIONS LTD-499.00-0.46229.5
GTL LTD582.550.20114.7

Telecommunication - Service Provider Industry Benchmark (Top 10) PE Analysis vs BHARTI AIRTEL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -0.55x
Max industry PE 208.05x
Median industry PE 25.97x
Average industry PE 37.86x



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