Tata Motors Passenger Vehicles (NSE:TMPV) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Tata Motors Passenger Vehicles Forward PE Ratio Related Terms
Tata Motors Passenger Vehicles Forward PE Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tata Motors Passenger Vehicles Forward PE Ratio Chart
Tata Motors Passenger Vehicles Annual Data
Trend
2016-03
2017-03
2018-03
2019-03
2020-03
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
5.24
9.57
6.68
7.54
6.17
192.31
56.82
11.61
10.01
7.81
Tata Motors Passenger Vehicles Quarterly Data
2016-03
2017-03
2018-03
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
5.24
9.57
6.68
7.54
9.07
7.58
14.37
6.17
169.49
192.31
19.84
28.57
30.30
56.82
17.06
18.59
10.75
11.61
10.64
10.01
12.60
13.12
8.24
7.81
NSE:TMPV vs TSLA, GM, F: Forward PE Ratio Comparison
For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tata Motors Passenger Vehicles Forward PE Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors Passenger Vehicles's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tata Motors Passenger Vehicles's Forward PE Ratio falls into.
Tata Motors Passenger Vehicles Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Tata Motors Passenger Vehicles (NSE:TMPV) has a Forward PE Ratio of 9.78 as of Jun. 24, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Tata Motors Passenger Vehicles and its competitors. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #196 out of 593 companies in the Vehicles & Parts industry, placing it in the top 33.1%.
Is Tata Motors Passenger Vehicles' Forward PE Ratio too high?
Tata Motors Passenger Vehicles' current Forward PE Ratio is 9.78. The Vehicles & Parts industry median Forward PE Ratio is 13.16. Tata Motors Passenger Vehicles' value of 9.78 is 25.7% below this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #196 out of 593 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tata Motors Passenger Vehicles has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tata Motors Passenger Vehicles' Forward PE Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #196 out of 593 companies for Forward PE Ratio. This puts Tata Motors Passenger Vehicles in the upper half of its industry. The industry median Forward PE Ratio is 13.16. Tata Motors Passenger Vehicles' value of 9.78 is 25.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Vehicles & Parts company?
The median Forward PE Ratio among Vehicles & Parts companies is 13.16, based on 593 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tata Motors Passenger Vehicles's current Forward PE Ratio of 9.78 is 25.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median Forward PE Ratio is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current Forward PE Ratio is 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors Passenger Vehicles stock overvalued right now?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles (NSE:TMPV) is currently considered Fairly Valued. The stock's GF Value™ is ₹333.08, compared to a current price of ₹349.70 — trading 5% above its estimated fair value. The current Forward PE Ratio is 9.78 and 25.7% below the Vehicles & Parts industry median of 13.16. Tata Motors Passenger Vehicles' overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Tata Motors Passenger Vehicles (NSE:TMPV), the current Forward PE Ratio is 9.78 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tata Motors Passenger Vehicles (NSE:TMPV) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be overvalued.
The current stock price of ₹349.70 is trading 5% above its estimated GF Value™ of ₹333.08.
GuruFocus considers Tata Motors Passenger Vehicles to be Fairly Valued.
Key valuation signals for NSE:TMPV:
Forward PE Ratio: 9.78
GF Value™: ₹333.08 vs. price of ₹349.70 (5% above fair value)
Industry Position: 25.7% below the Vehicles & Parts median (#196 of 593)
No single metric tells the full story. See the NSE:TMPV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Motors Passenger Vehicles Business Description
Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd designs, manufactures and sells a wide range of automotive vehicles and provides information technology services. The company also manufactures engines for industrial applications. Its operating segments include Automotive and Others. It mainly operates in the automotive business. The automotive business includes all activities relating to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts, accessories and services. The Automotive segment consists of three reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles and Jaguar Land Rover of which majority of revenue comes from Jaguar Land Rover. It has majority of sales from India followed by United States, UK, etc.
69GF Score
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