Infosys @ Latest News: Infosys beats Wipro in valuation

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Friday, April 01, 2005

Infosys beats Wipro in valuation

While the markets have been on a slide, an important development has gone unnoticed. Infosys' P/E multiple has crossed that of its competitor Wipro for the first time in four years.

In the last four years, the price earnings ratio (P/E) of Infosys has been lower than that of Wipro. Infosys' P/E surpassed that of Wipro on March 22, 2005, for the first time in four years.

This is based on ETIG calculations of the P/E based on trailing four quarters' earnings per share. As on March 31, '05, the P/E of Infosys was 36.16 times, compared to 35.41 times for Wipro.