In the BSE 500 sample, 66% stocks currently trade above their five-year average price-earnings (P/E) multiples and 60% have P/Es that are above the three-year average multiples. A P/E multiple is calculated by dividing the share price of a company by its EPS. When compared with the historical data, the P/E multiple offers insights on relative valuation of the stock.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain
September 6, 2026