Transurban Group (ASX:TCL) 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 .
Transurban Group Forward PE Ratio Related Terms
Transurban Group Forward PE Ratio Historical Data
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The historical data trend for Transurban 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.
Transurban Group Forward PE Ratio Chart
Transurban 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
78.13
61.35
54.95
63.29
526.32
212.77
208.33
94.34
188.68
101.03
Transurban Group Semi-Annual Data
2015-12
2016-06
2016-12
2017-06
2017-12
2018-06
2018-12
2019-06
2019-12
2020-06
2021-06
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
38.61
78.13
70.92
61.35
66.23
54.95
61.73
63.29
163.93
526.32
212.77
208.33
212.77
94.34
133.33
188.68
83.76
101.03
118.52
Transurban Group Forward PE Ratio Competitor Comparison
For the Infrastructure Operations subindustry, Transurban 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.
Transurban Group Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, Transurban Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Transurban 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.
Transurban Group (ASX:TCL) has a Forward PE Ratio of 53.75 as of Jul. 12, 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 Transurban Group and its competitors. According to the industry distribution chart, Transurban Group ranks #609 out of 639 companies in the Construction industry, placing it in the top 95.3%.
Is Transurban Group's Forward PE Ratio too high?
Transurban Group's current Forward PE Ratio is 53.75. The Construction industry median Forward PE Ratio is 13.97. Transurban Group's value of 53.75 is 284.8% above this industry median. Based on the distribution chart, Transurban Group ranks #609 out of 639 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Transurban Group has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Transurban Group's Forward PE Ratio compare to competitors?
According to the Construction industry distribution chart, Transurban Group ranks #609 out of 639 companies for Forward PE Ratio. This places Transurban Group in the lower half of its industry. The industry median Forward PE Ratio is 13.97. Transurban Group's value of 53.75 is 284.8% 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 13.97, based on 639 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. Transurban Group's current Forward PE Ratio of 53.75 is 284.8% 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 Transurban Group and its competitors. For the Construction industry, the median Forward PE Ratio is 13.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transurban Group's current Forward PE Ratio is 53.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transurban Group stock overvalued right now?
Based on GuruFocus' analysis, Transurban Group (ASX:TCL) is currently considered Fairly Valued. The stock's GF Value™ is A$13.49, compared to a current price of A$14.62 — trading 8.4% above its estimated fair value. The current Forward PE Ratio is 53.75 and 284.8% above the Construction industry median of 13.97. Transurban Group's overall GF Score™ is 78/100 with 11 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 Transurban Group (ASX:TCL), the current Forward PE Ratio is 53.75 as of Jul. 12, 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 Transurban Group (ASX:TCL) Overvalued in 2026?
Based on GuruFocus' analysis, Transurban Group stock appears to be overvalued.
The current stock price of A$14.62 is trading 8.4% above its estimated GF Value™ of A$13.49.
GuruFocus considers Transurban Group to be Fairly Valued.
Key valuation signals for ASX:TCL:
Forward PE Ratio: 53.75
GF Value™: A$13.49 vs. price of A$14.62 (8.4% above fair value)
Industry Position: 284.8% above the Construction median (#609 of 639)
No single metric tells the full story. See the ASX:TCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA, and Montreal, Canada. The weighted average concession life across the portfolio is about 25 years. Australian assets contribute around 90% of proportional revenue.
78GF Score
Get the complete analysis for ASX:TCL
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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