Gandhi Special Tubes Ltd
GANDHITUBEGandhi Special Tubes Ltd is strength at full price. The numbers are improving — and a P/E at the 91st percentile of its own range says the market knows.
The sharpest disagreement: the engine is strong, but at the 91st percentile of its own range you are paying full price for it.
The price is in a confirmed uptrend (16 weeks in) while the P/E sits at the 91st percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −21.7% year on year, and 70% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Gandhi Special Tubes Ltd trades at ₹865, in a confirmed uptrend and 16 weeks into that stage. That is +4.6% against its own 200-day average. It sits at 55% of a 52-week range of ₹700 to ₹1,001. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a confirmed uptrend — week 16 of stage 2, confirmed. At ₹865 it trades +4.6% versus its 200-day average and sits at 55% of its 52-week range (₹700–₹1,001).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +312% while the NIFTY 500 moved +280% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 91st percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Gandhi Special Tubes Ltd trades at 18.2× P/E, at the pricey end of its own range (91st percentile). Its long-run median P/E is 14.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 18.2× is at the pricey end of its own range (91st percentile), against a long-run median of 14.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +16.5% against a +18.4% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +13.8%/yr price move, ~+11.4%/yr came from earnings growth and ~+2.4 pp from the multiple (expanding); over 10y, of the +13.0%/yr price move, ~+11.8%/yr came from earnings growth and ~+1.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Gandhi Special Tubes Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 28.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +11.0% | +4.8% | +11.0% | +7.8% |
| Profit | +15.3% | +13.1% | +13.6% | +13.6% |
| EPS | +16.5% | +13.0% | +15.0% | +16.1% |
| Share price | +18.4% | +12.7% | +13.8% | +13.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
62.1/100 — rank 3 of 15 in Steel - Tubes/Pipes · 83% evidence confidence
Gandhi Special Tubes Ltd scores 62.1 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 23 + 19.5 + 11.9 + 7.7 = 62.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Gandhi Special Tubes Ltd reported ₹47.2 Cr of revenue in the Mar 26 quarter, +9.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 7.8% a year. The last full year, FY26, came in at ₹192 Cr. The last four reported quarters add to ₹192 Cr.
Gandhi Special Tubes Ltd reported ₹47.2 Cr of revenue in the Mar 26 quarter, +9.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 7.8% a year. The last full year, FY26, came in at ₹192 Cr. The last four reported quarters add to ₹192 Cr.
FY26 revenue came in at ₹192 Cr (+11.0% on the year), capping 10 years at 7.8% compound. The latest quarter (Mar 26) printed ₹47.2 Cr, +9.0% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +11.9% growth against the decade's 7.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.1% over the last 4 quarters against +5.9%/yr over the last 8 — accelerating; TTM profit +16.5% vs +10.9%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 41.3% this quarter (+4.3 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Gandhi Special Tubes Ltd's operating margin is 41.3% in the Mar 26 quarter, +4.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 25.0% to 44.0%. The current quarter sits inside that band.
Gandhi Special Tubes Ltd's operating margin is 41.3% in the Mar 26 quarter, +4.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 25.0% to 44.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 41.3%, +4.3 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 25.0%–44.0%, and FY26's 44.0% is the top of that band — a record year.
Why the margin moved: operating margin went +4.3 pp year on year while gross margin went +3.3 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit −21.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Gandhi Special Tubes Ltd earned ₹9.4 Cr of net profit in the Mar 26 quarter, −21.7% year on year. Full-year FY26 profit was ₹68.0 Cr. The 10-year compound rate is 13.6%. That is 19.8% of the quarter's revenue. The same quarter a year earlier earned ₹11.9 Cr.
Gandhi Special Tubes Ltd earned ₹9.4 Cr of net profit in the Mar 26 quarter, −21.7% year on year. Full-year FY26 profit was ₹68.0 Cr. The 10-year compound rate is 13.6%. That is 19.8% of the quarter's revenue. The same quarter a year earlier earned ₹11.9 Cr.
Mar 26 profit was ₹9.4 Cr, −21.7% year on year. On the full year, FY26 printed ₹68.0 Cr (+15.3%), and the 10-year compound rate is 13.6%.
🚨 Why profit moved: revenue contributed +9.0% and the margin +4.3 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +15.4% vs revenue +11.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 70% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 70% of Gandhi Special Tubes Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹55.0 Cr of operating cash against ₹68.0 Cr of profit. After ₹2.0 Cr of capital spending, ₹53.0 Cr was left as free cash.
FY26: operating cash of ₹55.0 Cr against reported profit of ₹68.0 Cr, leaving free cash of ₹53.0 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 70% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 70%: the cash cycle stretched 72 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 72 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 341-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Gandhi Special Tubes Ltd's cash conversion cycle runs 341 days in FY26, up from 269 days in FY21. Capital spending ran ₹7.0 Cr over the last 3 years. At FY26 sales of ₹192 Cr each day of that cycle holds about ₹0.5 Cr, so roughly ₹179 Cr sits inside the business at any moment.
FY26: debtors at 39 days, inventory at 313 days — roughly 10.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 341 days, looser than FY21's 269.
The full loop: cash goes out to suppliers and production on day 0; stock waits 313 days to sell; customers pay about 39 days after that; and suppliers themselves are paid at 10 days — netting out to the 341-day cycle.
In money terms: at FY26 sales of ₹192 Cr, each day of the cycle holds about ₹0.5 Cr — so the 341-day loop keeps roughly ₹179 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹7.0 Cr over the last 3 fiscal years against ₹9.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 28% and the ROIC − WACC spread is +8.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Gandhi Special Tubes Ltd earns a ROCE of 28% in FY26. That is up from a trough of 13% in FY15. Return on invested capital clears the cost of that capital by +8.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 35.4% net margin on 0.56× asset turns.
FY26 ROCE is 28%, recovered from a FY15 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 35.4% net margin × 0.56× asset turns × 1.08× balance-sheet leverage ≈ 21.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 20.7% − 12.0% = a +8.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Gandhi Special Tubes Ltd carries total debt of ₹0.0 Cr against shareholder equity of ₹316 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹0.0 Cr against shareholder equity of ₹316 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.00 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Gandhi Special Tubes Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.1 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −0.2 points over 8 quarters to 1.2%; Domestic institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 73.5%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Gandhi Special Tubes Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Gandhi Special Tubes Ltd this page | 18.2× | ₹1,055 Cr | Mixed | |||
| APL Apollo Tubes Ltd | 42.1× | ₹50,612 Cr | Mixed | |||
| Maharashtra Seamless Ltd | 10.9× | ₹7,658 Cr | Deteriorating | |||
| Surya Roshni Ltd | 18.1× | ₹5,179 Cr | Mixed | |||
| Goodluck India Ltd | 27.8× | ₹5,024 Cr | Mixed | |||
| DEE Development Engineers Ltd | 57.4× | ₹4,526 Cr | No read | |||
| Man Industries (India) Ltd | 23.2× | ₹3,956 Cr | Mixed | |||
| Venus Pipes & Tubes Ltd | 34.4× | ₹3,522 Cr | Turning around | |||
| Sambhv Steel Tubes Ltd | 23.6× | ₹3,416 Cr | — | No read | ||
| Welspun Specialty Solutions Ltd | 119.0× | ₹3,399 Cr | No read | |||
| JTL Industries Ltd | 28.2× | ₹2,775 Cr | Turning around | |||
| Welspun Specialty Solutions Ltd | 112.0× | ₹2,469 Cr | No read | |||
| Hi-Tech Pipes Ltd | 22.6× | ₹1,722 Cr | Mixed | |||
| Hariom Pipe Industries Ltd | 16.0× | ₹1,213 Cr | No read | |||
| Scoda Tubes Ltd | 22.7× | ₹880 Cr | No read | |||
| Rama Steel Tubes Ltd | 55.4× | ₹697 Cr | Turning around |
Frequently asked questions
What is Gandhi Special Tubes Ltd's share price today?
Gandhi Special Tubes Ltd trades at ₹865, +18.4% over the past year. The company is valued at ₹1,055 Cr. The stock sits at 55% of its 52-week range of ₹700–₹1,001, +4.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 16 weeks in. — as of 24 July 2026.
What were Gandhi Special Tubes Ltd's latest quarterly results?
Gandhi Special Tubes Ltd reported revenue of ₹47.2 Cr and net profit of ₹9.4 Cr for the Mar 26 quarter. Revenue rose 9.0% and profit fell 21.7% year on year. Earnings per share were ₹7.70. The operating margin was 41.3%, 4.3 pp higher than a year earlier. — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's revenue?
Gandhi Special Tubes Ltd reported revenue of ₹47.2 Cr in the Mar 26 quarter, +9.0% year on year. For the full FY26 fiscal year, revenue was ₹192 Cr (+11.0%). Over the last 10 years revenue compounded at 7.8% a year. — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's profit?
Gandhi Special Tubes Ltd earned ₹9.4 Cr of net profit in the Mar 26 quarter, −21.7% year on year. Full-year FY26 profit was ₹68.0 Cr. The operating margin ran 41.3% in the latest quarter. — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's market cap?
Gandhi Special Tubes Ltd's market capitalisation is ₹1,055 Cr at a share price of ₹865. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's P/E ratio?
Gandhi Special Tubes Ltd trades at a P/E of 18.2×, at the 91st percentile of its own 10-year range, against a long-run median of 14.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Gandhi Special Tubes Ltd pay a dividend?
Yes — Gandhi Special Tubes Ltd's dividend payout was 27% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Gandhi Special Tubes Ltd overvalued?
On its own history, Gandhi Special Tubes Ltd looks expensive against its own history: its P/E of 18.2× sits at the 91st percentile of its 10-year range (long-run median 14.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Gandhi Special Tubes Ltd growing?
Yes — Gandhi Special Tubes Ltd is growing: latest-quarter revenue +9.0% year on year, profit −21.7%, and the margin +4.3 pp at 41.3%. The 10-year compound rates are 7.8% (revenue) and 13.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Gandhi Special Tubes Ltd performing?
Gandhi Special Tubes Ltd is in a confirmed uptrend, 16 weeks in. Its latest quarter's revenue rose 9.0% and profit fell 21.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Gandhi Special Tubes Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 28.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +9.0% latest, profit growth −21.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Gandhi Special Tubes Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 16 of stage 2), trading +4.6% versus its 200-day average and at 55% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Gandhi Special Tubes Ltd beating the market?
On recent form, yes — Gandhi Special Tubes Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +312% against the NIFTY 500's +280% — ahead of the index over the full window. — as of 24 July 2026.
Will Gandhi Special Tubes Ltd's share price go up?
This page publishes no price forecast for Gandhi Special Tubes Ltd. What it measures instead: the share price is ₹865, the price is in a confirmed uptrend 16 weeks in. Its P/E of 18.2× sits at the 91st percentile of its own 10-year range. — as of 24 July 2026.
Who owns Gandhi Special Tubes Ltd?
Promoters hold 73.5% of Gandhi Special Tubes Ltd, foreign institutions 1.2%, domestic institutions 0.1% and the public 25.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Gandhi Special Tubes Ltd have too much debt?
No — Gandhi Special Tubes Ltd's debt-to-equity is 0.00. FY26 borrowings were ₹0.0 Cr against equity of ₹316 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's capex?
Gandhi Special Tubes Ltd spent ₹7.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Gandhi Special Tubes Ltd's cash flow?
Gandhi Special Tubes Ltd generated ₹55.0 Cr of operating cash flow in FY26 and ₹53.0 Cr of free cash flow after ₹2.0 Cr of capital spending. Reported profit that year was ₹68.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Gandhi Special Tubes Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 70% of Gandhi Special Tubes Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹55.0 Cr against reported profit of ₹68.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is Gandhi Special Tubes Ltd in its business cycle?
Gandhi Special Tubes Ltd's FY26 operating margin was 44.0%, against a 13-year band of 25.0%–44.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 41.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Gandhi Special Tubes Ltd story?
The sharpest disagreement: the engine is strong, but at the 91st percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Gandhi Special Tubes Ltd a stock worth studying right now?
This is not investment advice. The machine read: Gandhi Special Tubes Ltd is strength at full price. The numbers are improving — and a P/E at the 91st percentile of its own range says the market knows. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.