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AAONAAON -7.14%95 Forward PE Ratio is 42.02 as of Jul. 28, 2026. GuruFocus rates AAON with a GF Score™ of 95/100 and a GF Value™ of $122.78 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 642 Construction companies, AAON ranks worse than 94.24% on this metric.
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 .
AAON Forward PE Ratio Related Terms
AAON Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for AAON'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.
AAON Forward PE Ratio Chart
AAON Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2024-12
2025-12
Forward PE Ratio
24.94
29.76
28.65
30.86
41.23
37.94
AAON Quarterly 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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
24.94
24.69
25.77
26.18
29.76
31.85
34.72
24.63
28.65
29.33
42.02
26.60
30.86
35.21
38.31
41.23
36.08
35.86
45.37
37.94
41.15
AAON vs BLDR, AWI, FBIN: Forward PE Ratio Comparison
For the Building Products & Equipment subindustry, AAON'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.
AAON Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, AAON's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where AAON'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.
AAON (AAON) has a Forward PE Ratio of 42.02 as of Jul. 28, 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 AAON and its competitors. According to the industry distribution chart, AAON ranks #605 out of 642 companies in the Construction industry, placing it in the top 94.2%.
Is AAON's Forward PE Ratio too high?
AAON's current Forward PE Ratio is 42.02. The Construction industry median Forward PE Ratio is 13.74. AAON's value of 42.02 is 205.8% above this industry median. Based on the distribution chart, AAON ranks #605 out of 642 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, AAON has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AAON's Forward PE Ratio compare to BLDR and AWI?
According to the Construction industry distribution chart, AAON ranks #605 out of 642 companies for Forward PE Ratio. This places AAON in the lower half of its industry. The industry median Forward PE Ratio is 13.74. AAON's value of 42.02 is 205.8% above 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 Construction company?
The median Forward PE Ratio among Construction companies is 13.74, based on 642 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. AAON's current Forward PE Ratio of 42.02 is 205.8% above 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 AAON and its competitors. For the Construction industry, the median Forward PE Ratio is 13.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AAON's current Forward PE Ratio is 42.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAON stock overvalued right now?
Based on GuruFocus' analysis, AAON (AAON) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.78, compared to a current price of $93.70 — trading 23.7% below its estimated fair value. The current Forward PE Ratio is 42.02 and 205.8% above the Construction industry median of 13.74. AAON's overall GF Score™ is 95/100 with 6 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 AAON (AAON), the current Forward PE Ratio is 42.02 as of Jul. 28, 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 AAON (AAON) Overvalued in 2026?
Based on GuruFocus' analysis, AAON stock appears to be undervalued.
The current stock price of $93.70 is trading 23.7% below its estimated GF Value™ of $122.78.
GuruFocus considers AAON to be Modestly Undervalued.
Key valuation signals for AAON:
Forward PE Ratio: 42.02
GF Value™: $122.78 vs. price of $93.70 (23.7% below fair value)
Industry Position: 205.8% above the Construction median (#605 of 642)
No single metric tells the full story. See the AAON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online.
95GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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