# Valuation Check: 9 midcap stocks trading well above Industry PE — retained record

> Retained news record from news:india-et-markets.

Canonical: https://highsignal.app/data/records/85e80cec084d02ca

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-09-15 10:22 ingested 2026-09-16 02:56

[original source ↗](https://economictimes.indiatimes.com/markets/stocks/news/valuation-check-9-midcap-stocks-trading-well-above-industry-pe/slideshow/134258841.cms)

## retained text



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When a company’s Price-to-Earnings (P/E) ratio is above the industry average, it typically indicates that the stock is valued higher than its peers. In the NSE midcap segment, we highlight the top eight stocks whose trailing twelve-month P/E ratios exceed their respective industry averages, excluding banking and financial stocks, based on the StockEdge valuation scan.A higher P/E ratio may reflect investors’ expectations of stronger future growth, better business performance, or greater earnings potential. At the same time, it may indicate that the stock is trading at a relatively higher valuation compared with its peers.
Stock P/E (TTM): 208.69 | Industry P/E: 70.05 | Industry: Hospital & Healthcare Services
Stock P/E (TTM): 180.93 | Industry P/E: 115.65 | Industry: Medical Equipment/Supplies/Accessories
Stock P/E (TTM): 131.33 | Industry P/E: 83.54 | Industry: Forgings
Stock P/E (TTM): 128.64 | Industry P/E: 41.15 | Industry: Pharmaceuticals & Drugs
Stock P/E (TTM): 120.64 | Industry P/E: 23.34 | Industry: Power Generation/Distribution
Stock P/E (TTM): 103.47 | Industry P/E: 16.18 | Industry: Gas Transmission/Marketing
Stock P/E (TTM): 97.37 | Industry P/E: 41.15 | Industry: Pharmaceuticals & Drugs
Stock P/E (TTM): 97.14 | Industry P/E: 23.41 | Industry: Industrial Gases & Fuels
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document fetched 2026-09-16 02:56