Start with its own history
At 28.77×, LTOUF is 17.1% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
OTC · LTOUFEngineering & ConstructionUpdated Nov 2, 2026
Larsen & Toubro Limited P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
28.77×
17.1% abovethe 10-year annual average
Share price39.5
÷Earnings per share1.3729
Price and EPS in quote currency. Calculation details
Investors are paying 28.77 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 24.57×
3-year average34.09×3 positive annual observations
5-year average30.41×5 positive annual observations
10-year average24.57×10 positive annual observations
Peer median · TTM18.17×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 18 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 29.97× | -4.7% |
| Mar 31, 2025 | 31.45× | -23.0% |
| Mar 31, 2024 | 40.85× | +62.9% |
| Mar 31, 2023 | 25.07× | +1.4% |
| Mar 31, 2022 | 24.72× | +117.6% |
| Mar 31, 2021 | 11.36× | +10.1% |
| Mar 31, 2020 | 10.32× | -53.6% |
| Mar 31, 2019 | 22.24× | -12.4% |
View all 18 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | 25.39× | +4.5% |
| Mar 31, 2017 | 24.30× | -9.2% |
| Mar 31, 2016 | 26.75× | -20.1% |
| Mar 31, 2015 | 33.50× | +39.5% |
| Mar 31, 2014 | 24.01× | +45.8% |
| Mar 31, 2013 | 16.47× | -3.4% |
| Mar 31, 2012 | 17.04× | -25.3% |
| Mar 31, 2011 | 22.82× | +25.4% |
| Mar 31, 2010 | 18.20× | +75.5% |
| Mar 31, 2009 | 10.37× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How LTOUF compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 LTOUF This stockLarsen & Toubro Limited | 28.77× |
 KPIL.NSKalpataru Projects International Limited | 19.96× |
 ENGINERSIN.NSEngineers India Limited | 18.15× |
 KEC.NSKEC International Limited | 16.78× |
 WELENT.NSWelspun Enterprises Limited | 28.03× |
 POWERMECH.NSPower Mech Projects Limited | 17.86× |
 IRCON.NSIrcon International Limited | 18.19× |
 NCC.NSNCC Limited | 10.71× |
 HCC.NSHindustan Construction Company Limited | 22.84× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does LTOUF’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 18.17×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take LTOUF into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("LTOUF", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 39.5 ÷ EPS 1.3729 = 28.77×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
LTOUF P/E ratio: common questions
The essentials behind the numbers.
Larsen & Toubro Limited's current P/E is 28.77× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.