Valuation · at the close on 16 Oct 2026

Waves Home Appliances Limited (WAVESAPP) valuation

At Rs 7.37 (close on 16 Oct 2026) WAVESAPP trades at 10.1× earnings (FY2025), below its five-year average of 46.0× and above the Cable & Electrical Goods median of 10.1×. The shares are priced at 0.24× book value (sector median 0.60×). Enterprise value of Rs 6.5 bn is 6.0× EBITDA.

P/E · today

10.1×

FY2025

5-yr average46.0× Sector median10.1×

P/B · today

0.24×

FY2025

5-yr average— Sector median0.60×

EV/EBITDA · today

6.0×

5-yr average— Sector median6.0×

Dividend yield · today

0.0%

FY2025

5-yr average— Payers' median—

Market value Rs 1.9 bn at Rs 7.37. Sector medians use the latest close of 7 Cable & Electrical Goods companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10

WAVESAPP valuation history (annual) (Rs mn)

Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016
Market capitalisation	2,499.4	3,244.1	2,247.6	78.9	265.9	79.9	80.2	112.3	183.6	192.7
Enterprise value	7,106.3	7,827.5	5,636.0	3,960.2	265.9	177.4	184.9	902.9	876.5	902.6
Share price (period end) Rs	9.63	12.11	8.39	6.64	22.39	6.73	6.75	9.45	15.46	16.22
P/E (diluted)	13.14×	20.59×	18.82×	131.28×	—	—	0.85×	—	—	—
Price to book	0.31×	0.41×	0.30×	0.24×	—	—	—	—	0.42×	0.29×
Price to sales	0.68×	1.03×	0.54×	0.24×	—	—	1.79×	0.28×	0.19×	0.15×
EV / EBITDA	6.56×	7.71×	7.74×	4.16×	—	15.65×	56.24×	—	—	20.66×
EV / Sales	1.94×	2.47×	1.35×	0.53×	—	—	4.13×	2.28×	0.90×	0.71×
Dividend yield (gross)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Free cash flow yield	(0.0%)	(4.9%)	5.9%	40.9%	(12.3%)	(10.0%)	(202.5%)	(142.0%)	(13.0%)	(190.3%)
PEG ratio	0.46×	0.66×	0.02×	—	—	—	0.01×	—	—	—
P/E (diluted, normalised)	13.14×	20.47×	26.52×	131.30×	—	—	0.88×	—	—	—
Price to book — 5-year average	—	—	—	—	9.37×	0.82×	—	—	—	—
Dividend yield — 5-year average	—	—	—	—	0.0%	0.0%	—	—	—	—

WAVESAPP valuation: frequently asked questions

What is WAVESAPP's P/E ratio? +

At the closing price of Rs 7.37 on 16 Oct 2026, WAVESAPP trades at a P/E of 10.1× based on EPS of Rs 0.73 (FY2025).

What is WAVESAPP's book value per share? +

Waves Home Appliances Limited's book value per share was Rs 31.19 at the end of FY2025. The shares trade at 0.24× book value.

Information only, not investment advice.