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HERO MOTOCORP
PE (Price/Earnings) Ratio

The Current P/E Ratio of HERO MOTOCORP is 22.15.

Share Price ₹5,493.5Feb 16,2026
Market Cap ₹109,923.9 Cr
Earnings-TTM₹4,962.6 CrTTM-Consolidated Results
Price/Earnings22.15xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HERO MOTOCORP

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 HERO MOTOCORP is calculated as :

Current Market Cap [ ₹109,923.9 Cr] as on Feb 16,2026

(/) Earnings [ ₹4,962.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 22.15x ]

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

Thus, for HERO MOTOCORP , the investors are currently willing to pay 22.15 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 HERO MOTOCORP !

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 HERO MOTOCORP over the last five years.

Historical PE (Price/Earnings) ratio chart of HERO MOTOCORP


PE Ratio Performance Analysis for HERO MOTOCORP

- HERO MOTOCORP 's latest p/e ratio is 22.15x.

- HERO MOTOCORP 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 19.73x.

- HERO MOTOCORP 's operated at median p/e ratio of 19.81x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HERO MOTOCORP 's p/e ratio peaked in Mar2024 at 25.18x.

- HERO MOTOCORP 's p/e ratio hit its five-year low in Mar2023 of 16.69x.


How does HERO MOTOCORP 's P/E Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?

Peer Comparison (Automobile Two & Three Wheelers Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HERO MOTOCORP 4,962.6422.15109,923.9
BAJAJ AUTO LTD9,853.7927.49270,881.0
EICHER MOTORS LTD4,634.4847.42219,764.0
TVS MOTOR COMPANY LTD3,095.6358.42180,861.0
OLA ELECTRIC MOBILITY LTD-2,203.00-5.7712,716.4
ATUL AUTO LTD30.8044.821,380.5
WARDWIZARD INNOVATIONS & MOBILITY LTD7.7427.72214.5

Automobile Two & Three Wheelers Industry Benchmark (Top 10) PE Analysis vs HERO MOTOCORP 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -5.77x
Max industry PE 58.42x
Median industry PE 27.72x
Average industry PE 31.75x



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