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Mirvac Group (ASX:MGR) 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 .
Mirvac Group Forward PE Ratio Related Terms
Mirvac Group Forward PE Ratio Historical Data
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The historical data trend for Mirvac 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.
Mirvac Group Forward PE Ratio Chart
Mirvac Group Annual Data
Trend
2016-06
2017-06
2018-06
2019-06
2020-06
2021-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
14.56
14.60
13.72
17.89
16.50
19.61
11.85
16.58
14.81
17.19
Mirvac Group Semi-Annual Data
2015-12
2016-06
2016-12
2017-06
2017-12
2018-06
2018-12
2019-06
2019-12
2020-06
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
15.34
14.56
14.97
14.60
15.58
13.72
13.81
17.89
18.94
16.50
19.42
19.61
19.96
11.85
15.11
16.58
5.36
14.81
16.32
17.19
16.08
ASX:MGR vs VICI, WPC, BNL: Forward PE Ratio Comparison
For the REIT - Diversified subindustry, Mirvac 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.
Mirvac Group Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mirvac Group'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.
Mirvac Group (ASX:MGR) has a Forward PE Ratio of 13.18 as of Jul. 18, 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 Mirvac Group and its competitors. According to the industry distribution chart, Mirvac Group ranks #153 out of 461 companies in the REITs industry, placing it in the top 33.2%.
Is Mirvac Group's Forward PE Ratio too high?
Mirvac Group's current Forward PE Ratio is 13.18. The REITs industry median Forward PE Ratio is 16.39. Mirvac Group's value of 13.18 is 19.6% below this industry median. Based on the distribution chart, Mirvac Group ranks #153 out of 461 companies in the REITs industry, which is above the industry midpoint. Overall, Mirvac Group has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's Forward PE Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #153 out of 461 companies for Forward PE Ratio. This puts Mirvac Group in the upper half of its industry. The industry median Forward PE Ratio is 16.39. Mirvac Group's value of 13.18 is 19.6% 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 REITs company?
The median Forward PE Ratio among REITs companies is 16.39, based on 461 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. Mirvac Group's current Forward PE Ratio of 13.18 is 19.6% 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 Mirvac Group and its competitors. For the REITs industry, the median Forward PE Ratio is 16.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current Forward PE Ratio is 13.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.29, compared to a current price of A$1.74 — trading 24% below its estimated fair value. The current Forward PE Ratio is 13.18 and 19.6% below the REITs industry median of 16.39. Mirvac Group's overall GF Score™ is 68/100 with 9 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 Mirvac Group (ASX:MGR), the current Forward PE Ratio is 13.18 as of Jul. 18, 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.74 is trading 24% below its estimated GF Value™ of A$2.29.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
Forward PE Ratio: 13.18
GF Value™: A$2.29 vs. price of A$1.74 (24% below fair value)
Industry Position: 19.6% below the REITs median (#153 of 461)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
68GF 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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