BHARTI AIRTEL
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The Current P/E Ratio of BHARTI AIRTEL is 33.64.
| Share Price | ₹1,846.7 | May 26,2026 |
| Market Cap | ₹1,125,422.4 Cr | |
| Earnings-TTM | ₹33,458.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 33.64x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of BHARTI AIRTEL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,125,422.4 Cr] as on May 26,2026
(/) Earnings [ ₹33,458.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 33.64x ]
Thus, for BHARTI AIRTEL , the investors are currently willing to pay 33.64 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 p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 54.95x.
- 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 Mar2021 of 0x.
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 Ratio | Market Cap |
|---|---|---|---|
| BHARTI AIRTEL | 33,458.30 | 33.64 | 1,125,422.4 |
| VODAFONE IDEA LTD | 34,551.70 | 4.44 | 153,305.0 |
| INDUS TOWERS LTD | 7,144.90 | 16.00 | 114,312.0 |
| BHARTI HEXACOM LTD | 1,733.20 | 44.89 | 77,800.0 |
| TATA COMMUNICATIONS LTD | 1,006.27 | 56.97 | 57,332.0 |
| RAILTEL CORPORATION OF INDIA LTD | 346.32 | 30.06 | 10,409.6 |
| TATA TELESERVICES (MAHARASHTRA) LTD | -215.30 | -39.01 | 8,398.4 |
| MAHANAGAR TELEPHONE NIGAM LTD | -3,108.67 | -0.62 | 1,912.7 |
| HATHWAY CABLE & DATACOM LTD | 76.46 | 24.54 | 1,876.3 |
| RELIANCE COMMUNICATIONS LTD | -267.00 | -0.94 | 251.7 |
| GTL LTD | 582.55 | 0.20 | 118.9 |
Telecommunication - Service Provider Industry Benchmark (Top 10) PE Analysis vs BHARTI AIRTEL 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -39.01x |
| Max industry PE | 56.97x |
| Median industry PE | 16.00x |
| Average industry PE | 15.47x |
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