Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Covestro AG (OTCPK:CVVTF) 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 .
Covestro AG Forward PE Ratio Related Terms
Covestro AG Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Covestro AG'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.
Covestro AG Forward PE Ratio Chart
Covestro AG Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
6.72
11.68
15.02
8.50
27.47
21.65
28.22
111.86
Covestro AG Quarterly Data
2017-03
2017-06
2017-09
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-06
Forward PE Ratio
14.04
10.50
9.31
9.15
7.01
6.85
6.72
12.06
10.33
11.43
11.68
22.88
1,428.57
21.14
15.02
13.12
8.90
9.88
8.50
7.93
6.25
7.58
27.47
52.91
46.51
16.75
21.65
48.54
34.84
28.22
28.28
27.02
31.50
111.86
132.26
CVVTF vs LIN, SHW, ECL: Forward PE Ratio Comparison
For the Specialty Chemicals subindustry, Covestro AG'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.
Covestro AG Forward PE Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Covestro AG's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Covestro AG'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.
Covestro AG (CVVTF) has a Forward PE Ratio of 121.91 as of Aug. 02, 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 Covestro AG and its competitors. According to the industry distribution chart, Covestro AG ranks #634 out of 661 companies in the Chemicals industry, placing it in the top 95.9%.
Is Covestro AG's Forward PE Ratio too high?
Covestro AG's current Forward PE Ratio is 121.91. The Chemicals industry median Forward PE Ratio is 17.59. Covestro AG's value of 121.91 is 593.1% above this industry median. Based on the distribution chart, Covestro AG ranks #634 out of 661 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Covestro AG has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Covestro AG's Forward PE Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Covestro AG ranks #634 out of 661 companies for Forward PE Ratio. This places Covestro AG in the lower half of its industry. The industry median Forward PE Ratio is 17.59. Covestro AG's value of 121.91 is 593.1% 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 Chemicals company?
The median Forward PE Ratio among Chemicals companies is 17.59, based on 661 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. Covestro AG's current Forward PE Ratio of 121.91 is 593.1% 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 Covestro AG and its competitors. For the Chemicals industry, the median Forward PE Ratio is 17.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covestro AG's current Forward PE Ratio is 121.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covestro AG stock overvalued right now?
Covestro AG (CVVTF) has a current Forward PE Ratio of 121.91. The stock's GF Value™ is $52.04, compared to a current price of $65.10 — trading 25.1% above its estimated fair value. The current Forward PE Ratio is 121.91 and 593.1% above the Chemicals industry median of 17.59. Covestro AG's overall GF Score™ is 69/100 with 6 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 Covestro AG (CVVTF), the current Forward PE Ratio is 121.91 as of Aug. 02, 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 Covestro AG (CVVTF) Overvalued in 2026?
Based on GuruFocus' analysis, Covestro AG stock appears to be overvalued.
The current stock price of $65.10 is trading 25.1% above its estimated GF Value™ of $52.04.
Key valuation signals for CVVTF:
Forward PE Ratio: 121.91
GF Value™: $52.04 vs. price of $65.10 (25.1% above fair value)
Industry Position: 593.1% above the Chemicals median (#634 of 661)
No single metric tells the full story. See the CVVTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates products. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from the Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.
69GF Score
Get the complete analysis for CVVTF
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
CVVTF has been successfully added to your 
