ITC
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The Current P/E Ratio of ITC is 16.87.
| Share Price | ₹266.5 | Sep 02,2026 |
| Market Cap | ₹333,919.2 Cr | |
| Earnings-TTM | ₹19,789.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 16.87x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ITC
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)
Current Market Cap [ ₹333,919.2 Cr] as on Sep 02,2026
(/) Earnings [ ₹19,789.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 16.87x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ITC , the investors are currently willing to pay 16.87 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 ITC !
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 ITC over the last five years.
Thus, for ITC , the investors are currently willing to pay 16.87 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 ITC !
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 ITC over the last five years.
Historical PE (Price/Earnings) ratio chart of ITC
PE Ratio Performance Analysis for ITC
- ITC 's latest p/e ratio is 16.87x.
- ITC 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 20.69x.
- ITC 's operated at median p/e ratio of 20.28x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ITC 's p/e ratio peaked in Mar2024 at 26.15x.
- ITC 's p/e ratio hit its five-year low in Mar2025 of 14.76x.
- ITC 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 20.69x.
- ITC 's operated at median p/e ratio of 20.28x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ITC 's p/e ratio peaked in Mar2024 at 26.15x.
- ITC 's p/e ratio hit its five-year low in Mar2025 of 14.76x.
How does ITC 's P/E Ratio benchmark against top 10 peers in Cigarettes/Tobacco Industry?
| Peer Comparison (Cigarettes/Tobacco Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ITC | 19,789.30 | 16.87 | 333,919.2 |
| GODFREY PHILLIPS INDIA LTD | 1,120.74 | 28.29 | 31,711.1 |
| VST INDUSTRIES LTD | 278.55 | 12.64 | 3,522.1 |
| NTC INDUSTRIES LTD | 20.02 | 9.73 | 194.8 |
| THE INDIAN WOOD PRODUCTS COMPANY LTD | 3.88 | 57.34 | 222.4 |
Cigarettes/Tobacco Industry Benchmark (Top 10) PE Analysis vs ITC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 9.73x |
| Max industry PE | 57.34x |
| Median industry PE | 16.87x |
| Average industry PE | 24.98x |
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