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ElectromedELMD -1.64%89 Forward PE Ratio is 28.74 as of Jul. 18, 2026. GuruFocus rates ELMD with a GF Score™ of 89/100 and a GF Value™ of $25.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 392 Medical Devices & Instruments companies, Electromed ranks worse than 72.7% on this metric.
Electromed (AMEX:ELMD) 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 .
Electromed Forward PE Ratio Related Terms
Electromed Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Electromed'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.
Electromed Forward PE Ratio Chart
Electromed Annual Data
Trend
2025-06
Forward PE Ratio
22.55
Electromed Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
37.49
23.94
22.55
24.43
26.89
18.50
ELMD vs CATX, MASS, CV: Forward PE Ratio Comparison
For the Medical Devices subindustry, Electromed'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.
Electromed Forward PE Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Electromed's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Electromed'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.
Electromed (ELMD) has a Forward PE Ratio of 28.74 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 Electromed and its competitors. According to the industry distribution chart, Electromed ranks #285 out of 392 companies in the Medical Devices & Instruments industry, placing it in the top 72.7%.
Is Electromed's Forward PE Ratio too high?
Electromed's current Forward PE Ratio is 28.74. The Medical Devices & Instruments industry median Forward PE Ratio is 19.19. Electromed's value of 28.74 is 49.8% above this industry median. Based on the distribution chart, Electromed ranks #285 out of 392 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Electromed has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electromed's Forward PE Ratio compare to CATX and MASS?
According to the Medical Devices & Instruments industry distribution chart, Electromed ranks #285 out of 392 companies for Forward PE Ratio. This places Electromed in the lower half of its industry. The industry median Forward PE Ratio is 19.19. Electromed's value of 28.74 is 49.8% 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 Medical Devices & Instruments company?
The median Forward PE Ratio among Medical Devices & Instruments companies is 19.19, based on 392 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. Electromed's current Forward PE Ratio of 28.74 is 49.8% 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 Electromed and its competitors. For the Medical Devices & Instruments industry, the median Forward PE Ratio is 19.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electromed's current Forward PE Ratio is 28.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electromed stock overvalued right now?
Based on GuruFocus' analysis, Electromed (ELMD) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.36, compared to a current price of $42.10 — trading 66% above its estimated fair value. The current Forward PE Ratio is 28.74 and 49.8% above the Medical Devices & Instruments industry median of 19.19. Electromed's overall GF Score™ is 89/100 with 5 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 Electromed (ELMD), the current Forward PE Ratio is 28.74 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 Electromed (ELMD) Overvalued in 2026?
Based on GuruFocus' analysis, Electromed stock appears to be overvalued.
The current stock price of $42.10 is trading 66% above its estimated GF Value™ of $25.36.
GuruFocus considers Electromed to be Significantly Overvalued.
Key valuation signals for ELMD:
Forward PE Ratio: 28.74
GF Value™: $25.36 vs. price of $42.10 (66% above fair value)
Industry Position: 49.8% above the Medical Devices & Instruments median (#285 of 392)
No single metric tells the full story. See the ELMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Electromed Inc is a United States-based company that develops, manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary function with a commitment to excellence and compassionate service. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective airway clearance therapy.
89GF Score
Get the complete analysis for ELMD
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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