ASHTF (Ashtead Group) Forward PE Ratio : 17.19 (As of Dec. 14, 2024)

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What is Ashtead Group Forward PE Ratio?

Ashtead Group's Forward PE Ratio for today is 17.19.

Ashtead Group's PE Ratio without NRI for today is 17.65.

Ashtead Group's PE Ratio (TTM) for today is 18.66.

Ashtead Group Forward PE Ratio Historical Data

The historical data trend for Ashtead 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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Ashtead Group Forward PE Ratio Chart

Ashtead Group Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-12

Forward PE Ratio

14.10

16.23

15.95

9.96

11.98

24.33

20.24

13.11

17.54

17.19

Ashtead Group 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	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	2024-06	2024-09	2024-12
Forward PE Ratio	14.10	8.83	10.48	12.58	16.23	13.59	13.64	15.17	15.95	12.24	14.31	14.16	9.96	9.28	11.06	10.95	11.98	8.44	19.92	21.23	24.33	23.98	28.25	22.83	20.24	14.41	10.12	13.12	13.11	13.26	15.50	13.66	17.54	17.01	14.01	14.37	17.19

Competitive Comparison of Ashtead Group's Forward PE Ratio

For the Rental & Leasing Services subindustry, Ashtead 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.

Ashtead Group's Forward PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Forward PE Ratio distribution charts can be found below:

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

Ashtead 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.

Ashtead Group (OTCPK:ASHTF) 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 .

Ashtead Group Forward PE Ratio Related Terms

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Ashtead Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.