Investors use a measure called the price-earnings (PE) ratio to evaluate the relative attractiveness of a company's stock price. It is a valuation multiple that reflects earnings/profit growth and the predictability of this growth. Infosys and Wipro have traditionally had a much superior PE ratio, but Pramod Gubbi, director of sales in brokerage firm Ambit, says he expects HCL Technologies' PE ratio to cross that of Infosys and Wipro over the next four quarters. In other words, investors will then be willing to pay a higher price for a dollar of HCL earnings, than for a dollar of Infosys or Wipro earnings.