Against this backdrop, the stock trading at 65 times 2026 earnings estimates, according to Bloomberg Consensus appears steep. Note that despite the strong inflow, the order backlog of ₹Rs 10,471 crore translates to less than 0.8 times ABB’s 2025 revenue, providing limited earnings visibility. Besides, the robotics segment accounted for a significant part of Q4 orders, excluding which, inflow growth was 38%. “With the overhang of US tariffs seemingly behind us, we expect private capex to pick up in 2026 versus 2025, leading to better order prospects,” said ICICI’s analysts.
Can the strong order inflow lift ABB’s earnings?
