Casey's General Stores (NAS:CASY) 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 .
Casey's General Stores Forward PE Ratio Related Terms
Casey's General Stores Forward PE Ratio Historical Data
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The historical data trend for Casey's General Stores'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.
Casey's General Stores Forward PE Ratio Chart
Casey's General Stores Annual Data
Trend
2016-04
2017-04
2018-04
2019-04
2020-04
2021-04
2022-04
2023-04
2024-04
2025-04
2026-04
Forward PE Ratio
19.53
22.12
21.14
23.31
27.93
26.11
21.19
20.08
23.70
28.37
39.96
Casey's General Stores Quarterly Data
2016-01
2016-04
2016-07
2016-10
2017-01
2017-04
2017-07
2017-10
2018-01
2018-04
2018-07
2018-10
2019-01
2019-04
2019-07
2019-10
2020-01
2020-04
2020-07
2020-10
2021-01
2021-04
2021-07
2021-10
2022-01
2022-04
2022-07
2022-10
2023-01
2023-04
2023-07
2023-10
2024-01
2024-04
2024-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
21.46
19.53
23.31
19.88
18.05
22.12
23.20
25.91
28.09
21.14
24.27
26.67
24.94
23.31
28.09
26.18
24.39
27.93
24.81
22.99
24.39
26.11
24.88
21.55
19.49
21.19
22.03
22.94
21.10
20.08
23.58
23.87
20.62
23.70
27.55
27.25
25.28
28.37
33.18
32.31
31.61
39.96
CASY vs WSM, DKS, ULTA: Forward PE Ratio Comparison
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores Forward PE Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Casey's General Stores's Forward PE Ratio falls into.
Casey's General Stores 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.
Casey's General Stores (CASY) has a Forward PE Ratio of 37.62 as of Jul. 06, 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 Casey's General Stores and its competitors. According to the industry distribution chart, Casey's General Stores ranks #448 out of 501 companies in the Retail - Cyclical industry, placing it in the top 89.4%.
Is Casey's General Stores' Forward PE Ratio too high?
Casey's General Stores' current Forward PE Ratio is 37.62. The Retail - Cyclical industry median Forward PE Ratio is 14.98. Casey's General Stores' value of 37.62 is 151.1% above this industry median. Based on the distribution chart, Casey's General Stores ranks #448 out of 501 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Forward PE Ratio compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #448 out of 501 companies for Forward PE Ratio. This places Casey's General Stores in the lower half of its industry. The industry median Forward PE Ratio is 14.98. Casey's General Stores' value of 37.62 is 151.1% 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 Retail - Cyclical company?
The median Forward PE Ratio among Retail - Cyclical companies is 14.98, based on 501 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. Casey's General Stores's current Forward PE Ratio of 37.62 is 151.1% 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 Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median Forward PE Ratio is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current Forward PE Ratio is 37.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $483.08, compared to a current price of $798.21 — trading 65.2% above its estimated fair value. The current Forward PE Ratio is 37.62 and 151.1% above the Retail - Cyclical industry median of 14.98. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign 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 Casey's General Stores (CASY), the current Forward PE Ratio is 37.62 as of Jul. 06, 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 Casey's General Stores (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $798.21 is trading 65.2% above its estimated GF Value™ of $483.08.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
Forward PE Ratio: 37.62
GF Value™: $483.08 vs. price of $798.21 (65.2% above fair value)
Industry Position: 151.1% above the Retail - Cyclical median (#448 of 501)
No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
84GF 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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