UNITE Group (LSE:UTG) Forward PE Ratio : 20.24 (As of Jun. 01, 2024)

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What is UNITE Group Forward PE Ratio?

UNITE Group's Forward PE Ratio for today is 20.24.

UNITE Group's PE Ratio without NRI for today is 21.71.

UNITE Group's PE Ratio for today is 37.24.

UNITE Group Forward PE Ratio Historical Data

The historical data trend for UNITE Group's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UNITE Group Forward PE Ratio Chart

UNITE Group Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

25.91

20.58

23.09

20.96

29.07

31.55

25.91

19.80

23.20

19.92

UNITE Group Semi-Annual Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	25.91	20.66	23.47	21.55	20.58	21.51	21.93	20.04	23.09	23.64	26.11	23.26	20.96	23.92	25.84	24.88	29.07	17.21	54.64	22.32	31.55	37.88	39.84	25.71	25.91	27.25	26.04	19.05	19.80	3.96	3.60	19.65	23.20	21.74

Competitive Comparison of UNITE Group's Forward PE Ratio

For the REIT - Diversified subindustry, UNITE Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UNITE Group's Forward PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, UNITE Group's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where UNITE Group's Forward PE Ratio falls into.

UNITE Group Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

UNITE Group (LSE:UTG) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

UNITE Group Forward PE Ratio Related Terms

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UNITE Group (LSE:UTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (LSE:UTG) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

UTGPF:USA UTGl:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.