Tata Motors Passenger VehiclesNSE:TMPV -1.37%69 PE Ratio without NRI is 74.31 as of Jun. 25, 2026, which is 821% above its 10-year median of 8.07. GuruFocus rates NSE:TMPV with a GF Score™ of 69/100 and a GF Value™ of ₹333.21 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,021 Vehicles & Parts companies, Tata Motors Passenger Vehicles ranks worse than 91.38% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-25), Tata Motors Passenger Vehicles's share price is ₹349.70.
Tata Motors Passenger Vehicles's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹4.71. Therefore, Tata Motors Passenger Vehicles's PE Ratio without NRI for today is 74.31.
During the past 13 years, Tata Motors Passenger Vehicles's highest PE Ratio without NRI was 84.53. The lowest was 3.82. And the median was 8.07.
Tata Motors Passenger Vehicles (NSE:TMPV) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Tata Motors Passenger Vehicles PE Ratio without NRI Related Terms
Tata Motors Passenger Vehicles PE Ratio without NRI 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 PE Ratio without NRI Chart
NSE:TMPV vs TSLA, GM, F: PE Ratio without NRI Comparison
For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors Passenger Vehicles's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Tata Motors Passenger Vehicles's PE Ratio without NRI falls into.
Tata Motors Passenger Vehicles PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular 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 regular PE Ratio.
Tata Motors Passenger Vehicles's Share Price of today is ₹349.70.
Tata Motors Passenger Vehicles's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹4.71.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Tata Motors Passenger Vehicles (NSE:TMPV) has a PE Ratio without NRI of 74.31 as of Jun. 25, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Tata Motors Passenger Vehicles and its competitors. This is 821% above median its historical median of 8.07. Over the past decade, Tata Motors Passenger Vehicles' PE Ratio without NRI has ranged from 3.82 to 84.53. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #933 out of 1021 companies in the Vehicles & Parts industry, placing it in the top 91.4%.
Is Tata Motors Passenger Vehicles' PE Ratio without NRI too high?
Tata Motors Passenger Vehicles' current PE Ratio without NRI of 74.31 is 821% above median its 10-year median of 8.07. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 84.53. The Vehicles & Parts industry median PE Ratio without NRI is 16.78. Tata Motors Passenger Vehicles' value of 74.31 is 342.8% above this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #933 out of 1021 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. 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' PE Ratio without NRI compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #933 out of 1021 companies for PE Ratio without NRI. This places Tata Motors Passenger Vehicles in the lower half of its industry. The industry median PE Ratio without NRI is 16.78. Tata Motors Passenger Vehicles' value of 74.31 is 342.8% above this benchmark. Historically, Tata Motors Passenger Vehicles' own PE Ratio without NRI has ranged from 3.82 to 84.53 over the past decade. While the company's 10-year median is 8.07 vs. the industry median of 16.78, Tata Motors Passenger Vehicles has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for a Vehicles & Parts company?
The median PE Ratio without NRI among Vehicles & Parts companies is 16.78, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tata Motors Passenger Vehicles's current PE Ratio without NRI of 74.31 is 342.8% above 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median PE Ratio without NRI is 16.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current PE Ratio without NRI is 74.31, which is 821% above median its own 10-year median of 8.07. 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 ₹333.21, compared to a current price of ₹349.70 — trading 4.9% above its estimated fair value. The current PE Ratio without NRI is 74.31, which is 821% above median its 10-year median of 8.07 and 342.8% above the Vehicles & Parts industry median of 16.78. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Tata Motors Passenger Vehicles (NSE:TMPV), the current PE Ratio without NRI is 74.31 as of Jun. 25, 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 4.9% above its estimated GF Value™ of ₹333.21.
GuruFocus considers Tata Motors Passenger Vehicles to be Fairly Valued.
Key valuation signals for NSE:TMPV:
PE Ratio without NRI: 74.31 (821% above median its 10-year median of 8.07)
GF Value™: ₹333.21 vs. price of ₹349.70 (4.9% above fair value)
Industry Position: 342.8% above the Vehicles & Parts median (#933 of 1021)
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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