The forward PE ratio uses estimated future earnings instead of trailing earnings. It reflects market expectations about a company's growth and profitability.
Forward PE = Current Stock Price / Estimated Next 12-Month EPS
A stock at $100 with estimated forward EPS of $8 has a forward PE of 12.5x. If trailing PE is 15x, it suggests analysts expect earnings growth (lower forward PE = higher expected earnings).
Data as of August 17, 2026 — updates daily
| # | Symbol | Company | Forward PE | Trailing PE | Earnings Growth | Price |
|---|---|---|---|---|---|---|
| 1 | 900948.SS | Inner Mongolia Yitai Coa… | 2.0x | 11.1x | 0.04% | 2.87 USD |
| 2 | CNXC | Concentrix Corporation | 2.1x | 9.3x | 0.36% | 23.33 USD |
| 3 | ALNOV.PA | Novacyt S.A. | 2.1x | — | — | 0.54 EUR |
| 4 | OXLC | Oxford Lane Capital Corp. | 2.1x | 22.5x | -0.78% | 9.40 USD |
| 5 | PW | Power REIT | 2.2x | — | — | 7.86 USD |
| 6 | QSG | QuantaSing Group Limited… | 2.2x | 6.6x | -0.45% | 5.04 USD |
| 7 | 6677.HK | Sino-Ocean Service Holdi… | 2.2x | 11.5x | — | 0.46 HKD |
| 8 | VTLE | Vital Energy Inc. Common… | 2.2x | 2.1x | 21.04% | 17.93 USD |
| 9 | XLM.L | XLMedia PLC | 2.2x | — | — | 6.58 GBX |
| 10 | FENG | Phoenix New Media Limited | 2.2x | 10.1x | — | 1.54 USD |
Analyst estimates are consistently optimistic — studies show forward EPS estimates are revised downward 70% of the time. A low forward PE may be based on earnings that never materialise.
Forward PE is only as good as the estimate behind it. During recessions, analysts are slow to cut estimates, so forward PE looks artificially cheap right before earnings collapse.
Comparing forward PE across sectors is misleading. A tech company at 25x forward PE may be cheaper (growth-adjusted) than a utility at 15x forward PE growing at 2%.
AllInvestView displays both trailing and forward PE on stock detail pages. Compare with trailing PE Ratio and PEG Ratio.
Forward PE uses analyst estimates and reflects expected growth, while trailing PE uses actual historical earnings. Forward PE is more useful for growing companies; trailing PE is more reliable for stable ones.
It means analysts expect significant earnings growth. A stock with trailing PE of 30x but forward PE of 15x is expected to roughly double earnings in the next year.