PI Industries Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 64.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 22% a year, against analyst forecasts of 10%. The market is pricing in far more than analysts expect: heroic expectations.
Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202371
27
2023202420252026
All-time high
71
Jan 2023
All-time low
18
Mar 2026
Average rank
45
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
25
33
31
22
Price/Earnings
29
46
47
24
Price/Book
45
46
41
46
Dividend Yield
51
27
23
14
Value (overall)
37
35
35
25
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.