Hindalco Industries Ltd
HINDALCOHindalco Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved +48.1% in a year while annual EPS moved −16.3% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (60 weeks in) while the P/E sits at the 46th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +75.1% year on year, and 148% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
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.
Hindalco Industries Ltd trades at ₹1,030, in a confirmed uptrend and 60 weeks into that stage. That is +9.5% against its own 200-day average. It sits at 73% of a 52-week range of ₹773 to ₹1,127. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (12 weeks and counting).
Today the stock is in a confirmed uptrend — week 60 of stage 2, confirmed. At ₹1,030 it trades +9.5% versus its 200-day average and sits at 73% of its 52-week range (₹773–₹1,127).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +1,382% while the NIFTY 500 moved +284% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (12 weeks and counting; last ahead the week of 2026-06-12) — 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.
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.
Hindalco Industries Ltd trades at 11.1× P/E, mid-range by its own standards (46th percentile). Its long-run median P/E is 11.6×, measured across 10.5 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 11.1× is mid-range by its own standards (46th percentile), against a long-run median of 11.6× measured over 10.5 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 −16.3% against a +48.1% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +18.4%/yr price move, ~+25.8%/yr came from earnings growth and ~−7.4 pp from the multiple (compressing); over 10y, of the +21.5%/yr price move, ~+30.0%/yr came from earnings growth and ~−8.5 pp from the multiple (compressing). 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 unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Deteriorating 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).
Hindalco Industries Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −3.1% latest against +57.6% at its 12-quarter best), ROCE holding at 12.0%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +15.3% | +7.2% | +15.8% | +10.8% |
| Profit | −16.3% | +9.9% | +30.9% | — |
| EPS | −16.3% | +9.9% | +30.9% | — |
| Share price | +48.1% | +30.6% | +18.4% | +21.5% |
4-Factor Sector Score
61.2/100 — rank 2 of 5 in Aluminium · 97% evidence confidence
Hindalco Industries Ltd scores 61.2 out of 100 against the 5 companies it is compared with in Aluminium, ranking 2. Price leads the evidence: RS versus the benchmark is 10.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 16.4 + 10.8 + 14.7 + 19.3 = 61.2. 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.
Hindalco Industries Ltd reported ₹84,825 Cr of revenue in the Jun 26 quarter, +32.1% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 10.8% a year. The last full year, FY26, came in at ₹2,74,944 Cr. The last four reported quarters add to ₹2,95,537 Cr.
FY26 revenue came in at ₹2,74,944 Cr (+15.3% on the year), capping 10 years at 10.8% compound. The latest quarter (Jun 26) printed ₹84,825 Cr, +32.1% year on year — the 10th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +20.0% growth against the decade's 10.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +20.3% over the last 4 quarters against +15.9%/yr over the last 8 — accelerating; TTM profit −3.1% vs +23.4%/yr — rolling over.
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.
Hindalco Industries Ltd's operating margin is 16.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 8.0% to 15.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 16.0%, +4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 8.0%–15.0%.
Why the margin moved: operating margin went +4.1 pp year on year while gross margin went +2.5 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Hindalco Industries Ltd earned ₹7,013 Cr of net profit in the Jun 26 quarter, +75.1% year on year. Full-year FY26 profit was ₹13,391 Cr. That is 8.3% of the quarter's revenue. The same quarter a year earlier earned ₹4,004 Cr.
Jun 26 profit was ₹7,013 Cr, +75.1% year on year. On the full year, FY26 printed ₹13,391 Cr (−16.3%).
Why profit moved: revenue contributed +32.1% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +0.1% vs revenue +20.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
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 148% of Hindalco Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹10,250 Cr of operating cash against ₹13,391 Cr of profit. After ₹44,654 Cr of capital spending, ₹−34,404 Cr was left as free cash.
FY26: operating cash of ₹10,250 Cr against reported profit of ₹13,391 Cr, leaving free cash of ₹−34,404 Cr after ₹44,654 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 148% 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 148%: the cash cycle stretched 18 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 3.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
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).
Hindalco Industries Ltd's cash conversion cycle runs 65 days in FY26, up from 47 days in FY21. Capital spending ran ₹85,683 Cr over the last 3 years. At FY26 sales of ₹2,74,944 Cr each day of that cycle holds about ₹753 Cr, so roughly ₹48,963 Cr sits inside the business at any moment.
FY26: debtors at 36 days, inventory at 156 days — roughly 5.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 65 days, looser than FY21's 47.
The full loop: cash goes out to suppliers and production on day 0; stock waits 156 days to sell; customers pay about 36 days after that; and suppliers themselves are paid at 127 days — netting out to the 65-day cycle.
In money terms: at FY26 sales of ₹2,74,944 Cr, each day of the cycle holds about ₹753 Cr — so the 65-day loop keeps roughly ₹48,963 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹85,683 Cr over the last 3 fiscal years against ₹24,232 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹49,526 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
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.
Hindalco Industries Ltd earns a ROCE of 13% in FY26. That is up from a trough of 4% in FY16. Return on invested capital clears the cost of that capital by −0.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.9% net margin on 0.80× asset turns.
FY26 ROCE is 13%, recovered from a FY16 trough of 4% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.9% net margin × 0.80× asset turns × 2.52× balance-sheet leverage ≈ 9.9% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 11.4% − 12.0% = a −0.6 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. Negative — growth at these returns destroys value until the returns recover.
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.
Hindalco Industries Ltd carries total debt of ₹99,165 Cr against shareholder equity of ₹1,36,595 Cr as of Jun 26, a debt-to-equity of 0.73. On the annual view that ratio went from 0.86 in FY22 to 0.73 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Jun 26: total debt of ₹99,165 Cr against shareholder equity of ₹1,36,595 Cr — a debt-to-equity of 0.73. On the annual view, debt-to-equity went from 0.86 (FY22) to 0.73 (FY26). Read the returns on this page with that leverage in mind.
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.
Domestic institutions cut 5.6 points of Hindalco Industries Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 19.8% of the company. Foreign institutions moved +4.2 points over the same window, to 31.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −5.6 points over 8 quarters to 19.8%; Foreign institutions: +4.2 points over 8 quarters to 31.4%; Promoters: +0.0 points over 8 quarters to 34.7%.
Why the register moved: rotation — foreign institutions +4.2 points against domestic institutions −5.6 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
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.
Hindalco Industries 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 | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1National Aluminium Company LtdNATIONALUM | 73.6/100Favorable setup97% evidence | ASLEEP | 18.0/35 Revenue 9% · PAT 17.8% · OPM change 12 pp 100% evidence | 19.4/25 ROCE 39.6% · OPM 51% 100% evidence | 16.2/20 P/E 10.2× · PEG 0.19 85% evidence | 20.0/20 RS sector 9.9% · RS bench 13% · 1Y 100.6%1 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 19.4 + 16.2 + 20 = 73.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Hindalco Industries Ltdthis pageHINDALCO | 61.2/100Mixed-positive evidence97% evidence | ASLEEP | 16.4/35 Revenue 20.3% · PAT -3.1% · OPM change 4 pp 100% evidence | 10.8/25 ROCE 13.2% · OPM 16% 100% evidence | 14.7/20 P/E 11.1× · PEG 0.57 85% evidence | 19.3/20 RS sector 4.3% · RS bench 10.9% · 1Y 53%3 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 10.8 + 14.7 + 19.3 = 61.2 · Decision use: Price leads the evidence: RS versus the benchmark is 10.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 3Belding India Ltd513307 | 37.7/100Mixed-negative evidence63% evidence | ASLEEP | 10.0/35 Revenue -77.4% · PAT 100% · OPM change -1723.6 pp 95% evidence | 5.7/25 ROCE 0.5% · OPM — 61% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.0/20 RS sector 39.8% · RS bench -28.8% · 1Y 113.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 10 + 5.7 + 10 + 12 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4ANB Metal Cast LtdAMCL | 56.2/100Thin evidence · provisional33% evidence | 16.8/35 Revenue — · PAT — · OPM change -1 pp 26% evidence | 19.4/25 ROCE 29.6% · OPM 14% 95% evidence | 10.0/20 P/E 20.6× · PEG — 0% evidence | 10.0/20 RS sector — · RS bench — · 1Y 123.9%5 of 6 weeks ahead to 2026-07-05 0% evidence | |
| Exact sum: 16.8 + 19.4 + 10 + 10 = 56.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 5Synthiko Foils LtdSYNTHFO | 55.0/100Thin evidence · provisional20% evidence | 16.9/35 Revenue — · PAT — · OPM change -0.8 pp 8% evidence | 11.1/25 ROCE — · OPM — 11% evidence | 10.0/20 P/E 10347× · PEG — 0% evidence | 17.0/20 RS sector 39.8% · RS bench 108.9% · 1Y 283.9%8 of 8 weeks ahead to 2026-03-08 70% evidence | |
| Exact sum: 16.9 + 11.1 + 10 + 17 = 55 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Hindalco Industries Ltd's share price today?
Hindalco Industries Ltd trades at ₹1,030, +48.1% over the past year. The company is valued at ₹2,31,352 Cr. The stock sits at 73% of its 52-week range of ₹773–₹1,127, +9.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 60 weeks in. — as of 14 August 2026.
What were Hindalco Industries Ltd's latest quarterly results?
Hindalco Industries Ltd reported revenue of ₹84,825 Cr and net profit of ₹7,013 Cr for the Jun 26 quarter. Revenue rose 32.1% and profit rose 75.1% year on year. Earnings per share were ₹31.21. The operating margin was 16.0%, 4.0 pp higher than a year earlier. — as of 14 August 2026.
What is Hindalco Industries Ltd's revenue?
Hindalco Industries Ltd reported revenue of ₹84,825 Cr in the Jun 26 quarter, +32.1% year on year. For the full FY26 fiscal year, revenue was ₹2,74,944 Cr (+15.3%). Over the last 10 years revenue compounded at 10.8% a year. — as of 14 August 2026.
What is Hindalco Industries Ltd's profit?
Hindalco Industries Ltd earned ₹7,013 Cr of net profit in the Jun 26 quarter, +75.1% year on year. Full-year FY26 profit was ₹13,391 Cr. The operating margin ran 16.0% in the latest quarter. — as of 14 August 2026.
What is Hindalco Industries Ltd's market cap?
Hindalco Industries Ltd's market capitalisation is ₹2,31,352 Cr at a share price of ₹1,030. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Hindalco Industries Ltd's P/E ratio?
Hindalco Industries Ltd trades at a P/E of 11.1×, at the 46th percentile of its own 11-year range, against a long-run median of 11.6×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Hindalco Industries Ltd pay a dividend?
Yes — Hindalco Industries Ltd's dividend payout was 8% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.
Is Hindalco Industries Ltd overvalued?
On its own history, Hindalco Industries Ltd looks mid-range: its P/E of 11.1× sits at the 46th percentile of its 11-year range (long-run median 11.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.
Is Hindalco Industries Ltd growing?
Yes — Hindalco Industries Ltd is growing: latest-quarter revenue +32.1% year on year, profit +75.1%, and the margin +4.0 pp at 16.0%. The earnings engine currently reads: improving — as of 14 August 2026.
How is Hindalco Industries Ltd performing?
Hindalco Industries Ltd is in a confirmed uptrend, 60 weeks in. Its latest quarter's revenue rose 32.1% and profit rose 75.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 12 weeks. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is Hindalco Industries Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −3.1% latest against +57.6% at its 12-quarter best), ROCE holding at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +20.3% latest, profit growth −3.1% latest, eps growth −3.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is Hindalco Industries Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 60 of stage 2), trading +9.5% versus its 200-day average and at 73% 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 14 August 2026.
Is Hindalco Industries Ltd beating the market?
Not lately — on a trailing-13-week view Hindalco Industries Ltd is currently behind the NIFTY 500 (12 weeks and counting; last ahead the week of 2026-06-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +1,382% against the NIFTY 500's +284% — ahead of the index over the full window. — as of 14 August 2026.
Will Hindalco Industries Ltd's share price go up?
This page publishes no price forecast for Hindalco Industries Ltd. What it measures instead: the share price is ₹1,030, the price is in a confirmed uptrend 60 weeks in. Its P/E of 11.1× sits at the 46th percentile of its own 11-year range. — as of 14 August 2026.
Who owns Hindalco Industries Ltd?
Promoters hold 34.7% of Hindalco Industries Ltd, foreign institutions 31.4%, domestic institutions 19.8% and the public 13.3% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 5.6 points over 8 quarters. — as of 14 August 2026.
Does Hindalco Industries Ltd have too much debt?
It is moderate — Hindalco Industries Ltd's debt-to-equity is 0.73, and operating profit covers the interest bill 10×. FY26 borrowings were ₹99,165 Cr against equity of ₹1,36,583 Cr. Read the returns on this page with that leverage in mind — as of 14 August 2026.
What is Hindalco Industries Ltd's capex?
Hindalco Industries Ltd spent ₹85,683 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 ₹44,654 Cr, with ₹49,526 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Hindalco Industries Ltd's cash flow?
Hindalco Industries Ltd generated ₹10,250 Cr of operating cash flow in FY26 and ₹−34,404 Cr of free cash flow after ₹44,654 Cr of capital spending. Reported profit that year was ₹13,391 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Hindalco Industries Ltd's profit real cash?
Yes — over the last 3 fiscal years, 148% of Hindalco Industries Ltd's reported profit arrived as operating cash. Though the latest year ran at 77% — the trend is the thing to watch. In FY26, operating cash was ₹10,250 Cr against reported profit of ₹13,391 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 14 August 2026.
Where is Hindalco Industries Ltd in its business cycle?
Hindalco Industries Ltd's FY26 operating margin was 13.0%, against a 13-year band of 8.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the Hindalco Industries Ltd story?
The sharpest disagreement: the price moved +48.1% in a year while annual EPS moved −16.3% — the difference is re-rating, and re-rating has to be repaid with earnings. 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 14 August 2026.
Is Hindalco Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Hindalco Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.