What is EPS?
EPS (Earnings Per Share) divides a company’s net profit over a period by its total outstanding shares, giving the profit attributable to one share. “TTM EPS” (trailing-twelve-months) sums the most recent four reported quarters, smoothing out single-quarter seasonality - this is the figure used on Punji and the one most commonly quoted. EPS is the denominator-free building block behind the P/E ratio (Price ÷ EPS) and behind year-over-year or 5-year EPS growth, which investors watch as a proxy for whether a company’s actual per-share profitability is expanding or shrinking.
EPS (TTM) = Net Profit over trailing 12 months / Weighted Average Shares Outstanding
EPS growth can come from genuinely higher profit, or purely from share buybacks shrinking the denominator - the two look identical in the headline EPS number, so always check whether revenue and net profit are growing too, not EPS in isolation.
Real TTM EPS across 6 large-cap stocks
| Stock | TTM EPS (₹) | Period End |
|---|---|---|
| Reliance Industries Ltd | ₹55.22 | 2026-06-30 |
| Tata Consultancy Services Ltd. | ₹137.64 | 2026-06-30 |
| HDFC Bank Ltd. | ₹51.38 | 2026-06-30 |
| Infosys Ltd | ₹74.13 | 2026-06-30 |
| ICICI Bank Ltd. | ₹78.41 | 2026-06-30 |
| Bharti Airtel Ltd. | ₹49.01 | 2026-06-30 |
Reading the spread
Across these 6 stocks, trailing EPS runs from 49.0 (Bharti Airtel Ltd.) to 137.6 (Tata Consultancy Services Ltd.), a gap of 88.6. The middle value is 64.7, with 3 of 6 above it. The highest reading is 2.8 times the lowest, so the choice of stock changes this number a lot. Neither end is better or worse in itself; the number describes how a stock behaves, and what matters is whether that matches what you want.
How to use it in practice
EPS is the profit a company earned for each share outstanding. It is the base of P/E: price divided by EPS. Look at EPS over several years, not one, and at its growth, since a rising EPS is what ultimately supports a rising share price. Compare the trailing twelve month EPS with the growth rates shown on the stock page to see the trend.
Common mistakes
EPS can be changed by share count alone: a buyback lifts it and new share issues dilute it, with no change in the underlying business. A one-off gain can also inflate a single year’s EPS. And EPS from different companies is not comparable on its own, because it depends on the number of shares each has issued. Compare growth rates, and use P/E to compare across companies.
Frequently asked questions
What is trailing twelve month EPS?
It is the company’s profit per share summed over the last four reported quarters. It is up to date, unlike the annual figure, which can be many months old.
Is a higher EPS better?
A higher EPS means more profit per share, but it is only comparable within the same company over time. Across companies, use P/E and growth rates.
What does EPS growth show?
How fast profit per share has grown over five or ten years. Consistent growth is a stronger sign than a single high year.
WHAT THIS MEANS FOR YOU Comparing raw EPS across companies tells you almost nothing by itself - a ₹50 EPS and a ₹5 EPS company can be identically valued once you account for their respective share prices. EPS only becomes comparable once it’s turned into a ratio, most commonly the P/E ratio (price ÷ EPS), or tracked as a growth rate for a single company over time.
METHODOLOGY TTM EPS as reported in each company’s most recent quarterly filing, period-end dates shown per stock. Data: Punji earnings data (company filings). Not investment advice.