PE (TTM) — the chart line

The PE ratio recalculated on every bar, using the last four quarters of profit.

The PE pane on a chart is not one number — it is the ratio recomputed for every bar, from that bar's closing price and the earnings that were public on that date.

TTM means trailing twelve months: the sum of the last four reported quarters. It is used instead of the annual figure because annual EPS changes once a year and stops at the last completed financial year, which would leave the most recent months with no denominator at all.

Two sources are stitched together. Recent years use the quarterly TTM, because the data provider keeps only about 13 quarters. Older years fall back to the annual EPS, which reaches back a decade. Where the two meet they agree — an audited annual figure is the same as the trailing twelve months at that year end — so the join leaves no step.

SBIN on 24 Jul 2026: close ₹1,015 ÷ TTM EPS ₹91.03 (Jun 2025 + Sep 2025 + Dec 2025 + Mar 2026) = PE 11.15.

Rising because price rose — the market is paying more for the same earnings

Falling because earnings rose — the company grew into its price

The two causes look identical on the line; check the price chart above it

Earnings are used only from the date they were PUBLISHED, roughly 45 days after a quarter ends and 60 after a year — so January is priced on September's results, not December's, which were not out yet. Using them earlier would flatter every historical reading. Two more deliberate gaps: a loss-making period shows NOTHING rather than carrying the last profitable figure forward, and when the range is very wide the axis is drawn LOGARITHMICALLY — equal spacing means equal multiples, not equal amounts. That is what lets a PE of 7 and a PE of 1,000 both be visible in one small box: a linear axis either crops the spike or flattens the decade beneath it. The values themselves are never altered.

Analysis only: Supath AI does not give investment advice. Consult a SEBI-registered financial advisor before making investment decisions.