CodanASX:CDA +3.47%85 Forward PE Ratio is 39.96 as of Jul. 09, 2026. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.90 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,018 Hardware companies, Codan ranks worse than 71.81% 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 .
Codan Forward PE Ratio Related Terms
Codan Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Codan'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.
Codan Forward PE Ratio Chart
Codan Annual Data
Trend
2021-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
26.67
11.67
17.86
22.42
30.56
Codan Semi-Annual Data
2020-12
2021-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
23.53
26.67
14.22
11.67
11.74
17.86
21.14
22.42
30.24
30.56
38.95
ASX:CDA vs COHR, KEYS, GRMN: Forward PE Ratio Comparison
For the Scientific & Technical Instruments subindustry, Codan'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.
Codan Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Codan'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.
Codan (ASX:CDA) has a Forward PE Ratio of 39.96 as of Jul. 09, 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 Codan and its competitors. According to the industry distribution chart, Codan ranks #731 out of 1018 companies in the Hardware industry, placing it in the top 71.8%.
Is Codan's Forward PE Ratio too high?
Codan's current Forward PE Ratio is 39.96. The Hardware industry median Forward PE Ratio is 23.02. Codan's value of 39.96 is 73.6% above this industry median. Based on the distribution chart, Codan ranks #731 out of 1018 companies in the Hardware industry, which is below the industry midpoint. Overall, Codan has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's Forward PE Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #731 out of 1018 companies for Forward PE Ratio. This places Codan in the lower half of its industry. The industry median Forward PE Ratio is 23.02. Codan's value of 39.96 is 73.6% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 23.02, based on 1,018 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. Codan's current Forward PE Ratio of 39.96 is 73.6% 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 Codan and its competitors. For the Hardware industry, the median Forward PE Ratio is 23.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Forward PE Ratio is 39.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$20.90, compared to a current price of A$44.49 — trading 112.9% above its estimated fair value. The current Forward PE Ratio is 39.96 and 73.6% above the Hardware industry median of 23.02. Codan's overall GF Score™ is 85/100 with 7 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 Codan (ASX:CDA), the current Forward PE Ratio is 39.96 as of Jul. 09, 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 Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$44.49 is trading 112.9% above its estimated GF Value™ of A$20.90.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Forward PE Ratio: 39.96
GF Value™: A$20.90 vs. price of A$44.49 (112.9% above fair value)
Industry Position: 73.6% above the Hardware median (#731 of 1018)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
85GF Score
Get the complete analysis for ASX:CDA
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:CDA has been successfully added to your 