Latest Ratios: P/E Ratio 13.9x · EV/EBITDA 10.9x · ROE 15.4%. (2000–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.3B | $22.3B | $32.1B | $30.6B | $24.7B | $42.3B | $35.9B | $18.1B | $24.0B | $24.6B | $24.9B |
| Enterprise Value | $20.3B | $119.6B | $102.2B | $98.3B | $107.5B | $114.4B | $-29384088280 | $-29130748700 | $-35093228090 | $118.0B | $114.6B |
| P/E Ratio → | 13.93 | 0.17 | 0.24 | 0.28 | 0.22 | 0.35 | 0.33 | 0.19 | 0.27 | 0.31 | 0.29 |
| P/S Ratio | 1.98 | 0.02 | 0.04 | 0.03 | 0.03 | 0.05 | 0.06 | 0.03 | 0.04 | 0.05 | 0.05 |
| P/B Ratio | 2.07 | 0.03 | 0.04 | 0.04 | 0.03 | 0.06 | 0.06 | 0.03 | 0.04 | 0.05 | 0.05 |
| P/FCF | 13.73 | 0.17 | 0.21 | 0.18 | 0.21 | 0.47 | 0.28 | 0.23 | 0.26 | 0.39 | 0.35 |
| P/OCF | 12.29 | 0.15 | 0.19 | 0.17 | 0.19 | 0.38 | 0.24 | 0.18 | 0.21 | 0.29 | 0.27 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.13 | 0.11 | 0.11 | 0.12 | 0.14 | -0.05 | -0.05 | -0.06 | 0.22 | 0.21 |
| EV / EBITDA | 10.85 | 0.67 | 0.57 | 0.59 | 0.64 | 0.69 | -0.20 | -0.23 | -0.30 | 1.13 | 1.01 |
| EV / EBIT | 12.90 | 0.64 | 0.55 | 0.63 | 0.69 | 0.73 | -0.21 | -0.23 | -0.29 | 1.11 | 1.01 |
| EV / FCF | — | 0.89 | 0.66 | 0.59 | 0.93 | 1.26 | -0.23 | -0.38 | -0.38 | 1.89 | 1.59 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2% | 29.2% | 30.7% | 29.6% | 28.7% | 29.7% | 31.7% | 28.5% | 29.5% | 29.2% | 28.9% |
| Operating Margin | 16.2% | 16.2% | 16.9% | 14.9% | 14.9% | 17.2% | 19.9% | 17.3% | 17.1% | 15.5% | 17.1% |
| Net Profit Margin | 14.2% | 14.2% | 14.7% | 12.3% | 12.5% | 15.4% | 17.4% | 15.9% | 15.4% | 14.7% | 15.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.4% | 15.4% | 16.6% | 14.4% | 15.8% | 20.1% | 19.4% | 17.2% | 17.0% | 15.9% | 17.1% |
| ROA | 9.8% | 9.8% | 10.8% | 9.5% | 10.1% | 12.8% | 13.1% | 11.8% | 11.3% | 10.3% | 11.2% |
| ROIC | 11.9% | 11.9% | 13.1% | 11.9% | 12.7% | 16.7% | 18.4% | 15.5% | 13.7% | 10.6% | 12.7% |
| ROCE | 14.9% | 14.9% | 15.9% | 14.8% | 16.1% | 19.8% | 20.5% | 17.3% | 17.1% | 15.2% | 17.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.27 | 0.19 | 0.17 | 0.17 | 0.28 | 0.27 |
| Debt / EBITDA | 1.14 | 1.14 | 1.07 | 0.99 | 1.05 | 1.05 | 0.70 | 0.77 | 0.85 | 1.32 | 1.25 |
| Net Debt / Equity | — | 0.11 | 0.08 | 0.09 | 0.11 | 0.11 | -0.12 | -0.08 | -0.10 | 0.19 | 0.17 |
| Net Debt / EBITDA | 0.55 | 0.55 | 0.39 | 0.41 | 0.50 | 0.43 | -0.44 | -0.37 | -0.50 | 0.89 | 0.79 |
| Debt / FCF | — | 0.73 | 0.45 | 0.41 | 0.72 | 0.80 | -0.51 | -0.61 | -0.63 | 1.50 | 1.25 |
| Interest Coverage | 13.75 | 13.75 | 19.92 | 12.39 | 15.43 | 29.41 | 33.34 | 24.85 | 21.55 | 30.69 | 58.99 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.05 | 2.05 | 2.72 | 2.58 | 2.47 | 2.01 | 2.27 | 2.40 | 2.67 | 2.37 | 2.35 |
| Quick Ratio | 2.05 | 2.05 | 2.71 | 2.57 | 2.46 | 2.01 | 2.27 | 2.39 | 2.65 | 2.35 | 2.33 |
| Cash Ratio | 1.35 | 1.35 | 1.86 | 1.62 | 1.50 | 1.14 | 1.50 | 1.55 | 1.77 | 1.38 | 1.50 |
| Asset Turnover | — | 0.65 | 0.69 | 0.78 | 0.77 | 0.73 | 0.75 | 0.75 | 0.70 | 0.72 | 0.69 |
| Inventory Turnover | 1269.23 | 1269.23 | 890.20 | 696.25 | 543.30 | 416.70 | 397.75 | 233.83 | 104.54 | 114.41 | 100.01 |
| Days Sales Outstanding | — | 99.97 | 89.46 | 86.66 | 92.97 | 99.25 | 86.01 | 98.25 | 97.44 | 103.08 | 102.09 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.3% | 100.0% | 100.0% | 17.1% | 100.0% | 12.9% | 15.2% | 37.9% | 18.8% | 22.0% | 35.0% |
| Payout Ratio | 87.3% | 87.3% | 47.8% | 4.7% | 28.9% | 4.5% | 5.1% | 7.1% | 5.0% | 6.8% | 10.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 592.5% | 409.2% | 361.5% | 459.6% | 288.9% | 300.9% | 536.1% | 375.9% | 325.3% | 340.6% |
| FCF Yield | 7.3% | 600.5% | 480.9% | 542.2% | 468.7% | 214.2% | 356.5% | 425.6% | 390.2% | 253.3% | 288.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% | 100.0% | 100.0% |
| Total Shareholder Yield | 6.3% | 100.0% | 100.0% | 100.0% | 100.0% | 12.9% | 100.0% | 100.0% | 18.8% | 100.0% | 100.0% |
| Shares Outstanding | — | $10.5B | $10.5B | $10.6B | $11.0B | $11.0B | $11.3B | $11.7B | $12.0B | $12.7B | $13.0B |
Consulting integration margin drag
According to current market data, Wipro trades at a P/E of 17.05, which appears to reflect investor skepticism regarding the company's ability to achieve consistent growth compared to its higher-multiple peers like Infosys, despite the company's significant cash-rich balance sheet and stable dividend yield of 5.1%.
The valuation discount relative to industry leaders suggests that the market is pricing in a lower terminal growth rate for Wipro's legacy IT services business. Investors should monitor whether the current P/E multiple remains compressed due to historical leadership volatility or if it represents a value opportunity as the company pivots toward higher-margin engineering services.
Based on reported figures, Wipro's ROIC has remained stagnant near 3.2% over the last ten quarters, a performance that significantly lags behind peers like Infosys, which consistently generates returns on invested capital exceeding 30% according to recent industry benchmarking data.
The persistent gap in ROIC suggests that Wipro's capital allocation, particularly regarding large-scale acquisitions, has not yet generated the expected synergistic returns. This trend warrants further investigation into whether the company's asset base is becoming bloated with goodwill that fails to contribute to incremental earnings growth.
As reported in financial statements, Wipro's cash conversion cycle has fluctuated significantly, reaching 61 days in 2026Q4, which appears to be driven by rising DSO levels that suggest potential friction in collecting payments from government and enterprise clients compared to historical norms.
The increase in DSO to 90 days in the most recent quarter indicates that the company may be granting more lenient credit terms to maintain market share in a competitive environment. This trend may imply a weakening of bargaining power with clients and could lead to further liquidity pressure if the trend persists.
According to recent SEC filings, Wipro maintains a robust financial position with a debt-to-equity ratio of 0.23, providing a substantial buffer that allows the company to fund operations and dividends without relying on external financing during periods of macroeconomic uncertainty.
The company's ability to maintain such low leverage while funding acquisitions suggests a disciplined approach to capital structure that protects shareholders from interest rate volatility. However, this conservative stance may also indicate a lack of aggressive investment in high-growth areas that could otherwise accelerate top-line expansion.
The P/E ratio is frequently misapplied to Wipro because it fails to account for the significant non-operating interest income generated by the company's massive cash pile, which artificially inflates net income and obscures the underlying operational profitability of the core IT services business.
Analysts should instead focus on EV/EBITDA or P/FCF to strip out the impact of cash-related interest income and focus on the cash-generating capacity of the delivery model. Relying solely on P/E may lead to an inaccurate assessment of the company's true competitive standing and operational efficiency.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying WIT stock.
Wipro Limited's current P/E ratio is 13.9x. The historical average is 0.4x. This places it at the 100th percentile of its historical range.
Wipro Limited's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.5x.
Wipro Limited's return on equity (ROE) is 15.4%. The historical average is 25.1%.
Based on historical data, Wipro Limited is trading at a P/E of 13.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Wipro Limited's current dividend yield is 6.27% with a payout ratio of 87.3%.
Wipro Limited has 29.2% gross margin and 16.2% operating margin. Operating margin between 10-20% is typical for established companies.
Wipro Limited's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.