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BHARTI AIRTEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHARTI AIRTEL is 35.85.

Share Price ₹1,921.9Jul 16,2026
Market Cap ₹1,199,465.0 Cr
Earnings-TTM₹33,458.3 CrTTM-Consolidated Results
Price/Earnings35.85xCalculated 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 [ ₹1,199,465.0 Cr] as on Jul 16,2026

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

(=) P/E Ratio [ 35.85x ]

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 35.85 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 35.85x.

- 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 33,458.3035.851,199,465.0
VODAFONE IDEA LTD34,551.704.35150,380.0
INDUS TOWERS LTD7,144.9014.99107,070.0
BHARTI HEXACOM LTD1,733.2046.8981,262.5
TATA COMMUNICATIONS LTD1,006.2752.1752,497.2
RAILTEL CORPORATION OF INDIA LTD346.3227.949,674.7
TATA TELESERVICES (MAHARASHTRA) LTD-215.30-36.877,939.0
MAHANAGAR TELEPHONE NIGAM LTD-3,108.67-0.581,813.1
HATHWAY CABLE & DATACOM LTD73.4926.711,963.1
RELIANCE COMMUNICATIONS LTD-499.00-0.48240.6
GTL LTD582.550.19112.6

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

Top 10 Industry PeersPE Ratio
Min industry PE -36.87x
Max industry PE 52.17x
Median industry PE 14.99x
Average industry PE 15.56x



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