Bharti Hexacom Valuation

Is BHARTIHEXA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BHARTIHEXA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BHARTIHEXA (₹1366.4) is trading below our estimate of fair value (₹1468.61)

Significantly Below Fair Value: BHARTIHEXA is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BHARTIHEXA?

Key metric: As BHARTIHEXA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BHARTIHEXA. This is calculated by dividing BHARTIHEXA's market cap by their current earnings.
What is BHARTIHEXA's PE Ratio?
PE Ratio	57x
Earnings	₹12.00b
Market Cap	₹697.95b

BHARTIHEXA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	10.2x
Enterprise Value/EBITDA	23.9x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

How does BHARTIHEXA's PE Ratio compare to its peers?

The above table shows the PE ratio for BHARTIHEXA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	47.1x
532454 Bharti Airtel	75.6x	37.2%	₹9.1t
INDUSTOWER Indus Towers	11.5x	1.5%	₹865.6b
TATACOMM Tata Communications	52.7x	39.2%	₹495.0b
HFCL HFCL	48.7x	n/a	₹186.5b
BHARTIHEXA Bharti Hexacom	57x	32.3%	₹698.0b

Price-To-Earnings vs Peers: BHARTIHEXA is expensive based on its Price-To-Earnings Ratio (57x) compared to the peer average (47.1x).

Price to Earnings Ratio vs Industry

How does BHARTIHEXA's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BHARTIHEXA is expensive based on its Price-To-Earnings Ratio (57x) compared to the Asian Wireless Telecom industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is BHARTIHEXA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BHARTIHEXA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	57x
Fair PE Ratio	46x

Price-To-Earnings vs Fair Ratio: BHARTIHEXA is expensive based on its Price-To-Earnings Ratio (57x) compared to the estimated Fair Price-To-Earnings Ratio (46x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BHARTIHEXA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹1,366.40	₹1,525.73 +11.7%	9.2%	₹1,780.00	₹1,325.00	n/a	11
Nov ’25	₹1,422.15	₹1,545.80 +8.7%	8.5%	₹1,780.00	₹1,330.00	n/a	10
Oct ’25	₹1,397.60	₹1,342.10 -4.0%	11.7%	₹1,600.00	₹1,150.00	n/a	10
Sep ’25	₹1,252.05	₹1,303.10 +4.1%	10.2%	₹1,580.00	₹1,150.00	n/a	10
Aug ’25	₹1,156.20	₹1,250.13 +8.1%	10.3%	₹1,550.00	₹1,075.00	n/a	8
Jul ’25	₹1,099.85	₹1,232.50 +12.1%	15.7%	₹1,550.00	₹1,075.00	n/a	4
Jun ’25	₹1,023.40	₹1,116.67 +9.1%	5.3%	₹1,200.00	₹1,075.00	n/a	3

Analyst Forecast: Target price is less than 20% higher than the current share price.