BullishBLSH -2.30%15 Forward PE Ratio is 39.21 as of Jul. 10, 2026. GuruFocus rates BLSH with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 1,170 Software companies, Bullish ranks worse than 78.72% 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 .
Bullish Forward PE Ratio Related Terms
Bullish Forward PE Ratio Historical Data
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The historical data trend for Bullish'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.
Bullish Forward PE Ratio Chart
Bullish Annual Data
Trend
2025-12
Forward PE Ratio
53.64
Bullish Quarterly Data
2025-09
2025-12
2026-03
Forward PE Ratio
73.20
53.64
48.49
BLSH vs CLBT, BOX, DLO: Forward PE Ratio Comparison
For the Software - Infrastructure subindustry, Bullish'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.
Bullish Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Bullish's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Bullish'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.
Bullish (BLSH) has a Forward PE Ratio of 39.21 as of Jul. 10, 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 Bullish and its competitors. According to the industry distribution chart, Bullish ranks #921 out of 1170 companies in the Software industry, placing it in the top 78.7%.
Is Bullish's Forward PE Ratio too high?
Bullish's current Forward PE Ratio is 39.21. The Software industry median Forward PE Ratio is 18.57. Bullish's value of 39.21 is 111.1% above this industry median. Based on the distribution chart, Bullish ranks #921 out of 1170 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bullish has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's Forward PE Ratio compare to CLBT and BOX?
According to the Software industry distribution chart, Bullish ranks #921 out of 1170 companies for Forward PE Ratio. This places Bullish in the lower half of its industry. The industry median Forward PE Ratio is 18.57. Bullish's value of 39.21 is 111.1% 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 Software company?
The median Forward PE Ratio among Software companies is 18.57, based on 1,170 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. Bullish's current Forward PE Ratio of 39.21 is 111.1% 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 Bullish and its competitors. For the Software industry, the median Forward PE Ratio is 18.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bullish's current Forward PE Ratio is 39.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current Forward PE Ratio of 39.21. The current Forward PE Ratio is 39.21 and 111.1% above the Software industry median of 18.57. Bullish's overall GF Score™ is 15/100 with 3 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 Bullish (BLSH), the current Forward PE Ratio is 39.21 as of Jul. 10, 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.
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
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