PhotronicsPLAB +1.43%90 Forward PE Ratio is 13.85 as of Jul. 08, 2026. GuruFocus rates PLAB with a GF Score™ of 90/100 and a GF Value™ of $25.45 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 546 Semiconductors companies, Photronics ranks better than 82.6% on this metric.
Photronics (NAS:PLAB) 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 .
Photronics Forward PE Ratio Related Terms
Photronics Forward PE Ratio Historical Data
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The historical data trend for Photronics'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.
Photronics Forward PE Ratio Chart
Photronics Annual Data
Trend
2016-10
2017-10
2018-10
2024-10
2025-10
Forward PE Ratio
12.80
13.26
21.05
10.74
11.92
Photronics Quarterly Data
2016-01
2016-04
2016-07
2016-10
2017-01
2017-04
2017-07
2017-10
2018-01
2018-04
2018-07
2018-10
2019-01
2019-04
2019-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
12.21
11.99
12.08
12.80
19.01
22.42
11.22
13.26
12.77
17.33
21.74
21.05
23.81
26.95
12.06
10.74
11.10
9.15
9.94
11.92
16.23
22.73
PLAB vs AMBA, DQ, AEHR: Forward PE Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Photronics'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.
Photronics Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photronics's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Photronics's Forward PE Ratio falls into.
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.
Photronics (PLAB) has a Forward PE Ratio of 13.85 as of Jul. 08, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Photronics and its competitors. According to the industry distribution chart, Photronics ranks #95 out of 546 companies in the Semiconductors industry, placing it in the top 17.4%.
Is Photronics' Forward PE Ratio too high?
Photronics' current Forward PE Ratio is 13.85. The Semiconductors industry median Forward PE Ratio is 33.99. Photronics' value of 13.85 is 59.2% below this industry median. Based on the distribution chart, Photronics ranks #95 out of 546 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photronics has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Photronics' Forward PE Ratio compare to AMBA and DQ?
According to the Semiconductors industry distribution chart, Photronics ranks #95 out of 546 companies for Forward PE Ratio. This places Photronics in the top 17% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 33.99. Photronics' value of 13.85 is 59.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 33.99, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Photronics's current Forward PE Ratio of 13.85 is 59.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Photronics and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 33.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photronics's current Forward PE Ratio is 13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photronics stock overvalued right now?
Based on GuruFocus' analysis, Photronics (PLAB) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.45, compared to a current price of $27.96 — trading 9.8% above its estimated fair value. The current Forward PE Ratio is 13.85 and 59.2% below the Semiconductors industry median of 33.99. Photronics' overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Photronics (PLAB), the current Forward PE Ratio is 13.85 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Photronics (PLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Photronics stock appears to be overvalued.
The current stock price of $27.96 is trading 9.8% above its estimated GF Value™ of $25.45.
GuruFocus considers Photronics to be Modestly Overvalued.
Key valuation signals for PLAB:
Forward PE Ratio: 13.85
GF Value™: $25.45 vs. price of $27.96 (9.8% above fair value)
Industry Position: 59.2% below the Semiconductors median (#95 of 546)
No single metric tells the full story. See the PLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photronics Inc is a U.S.-based company principally engaged in the manufacturing of photomasks, which are high-precision photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of integrated circuits (ICs) and flat-panel displays (FPDs) and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during fabrication, as well as to a lesser extent, other types of electrical and optical components. The Company has manufacturing facilities in Taiwan, China, South Korea, the United States, and Europe, and generates revenue globally, with Taiwan contributing the majority of total revenue.
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