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PennantPark Floating Rate Capital (NAS:PFLT)
Forward Price to Earnings Ratio
8.02 (As of Today)

PennantPark Floating Rate Capital's forward P/E ratio for today is 8.02.

PennantPark Floating Rate Capital's P/E (without Non-Recurring Items) ratio for today is 10.20.

PennantPark Floating Rate Capital's P/E (with Non-Recurring Items) ratio for today is 10.20.


Definition

It's a measure of the price-to-earnings ratio (P/E) using forecasted earnings for the P/E 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.


Explanation

The estimated P/E 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 estimated P/E will be lower than the current P/E. This measure is also used to compare one company to another with a forward-looking focus.

Trailing P/E relies on what is already done. It uses the current share price and divides by the total EPS earnings over the past 12 months. P/E ratio can be affected by non-recurring items 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 P/E (NRI) is a more accurate indication of valuation than P/E (TTM).


Related Terms

Price to Earnings without Non-Recurring Items, Earnings Per Share (NRI), Diluted Earnings Per Share, Basic Earnings Per Share, P/E (TTM)

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