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Elkem ASAFRA:1DP +8.53%61 Forward PE Ratio is 23.75 as of Jul. 19, 2026. GuruFocus rates FRA:1DP with a GF Score™ of 61/100 and a GF Value™ of €1.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 660 Chemicals companies, Elkem ASA ranks worse than 66.06% 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 .
Elkem ASA Forward PE Ratio Related Terms
Elkem ASA Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Elkem ASA'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.
Elkem ASA Forward PE Ratio Chart
Elkem ASA Annual Data
Trend
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
12.76
15.22
7.58
6.18
14.25
7.62
25.05
Elkem ASA Quarterly Data
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
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
12.76
7.78
35.34
11.55
15.22
14.86
7.66
9.83
7.58
3.91
2.67
5.10
6.18
6.62
5.45
5.41
14.25
14.47
20.45
4.63
7.62
13.11
86.74
18.11
25.05
27.54
45.68
FRA:1DP vs LIN, SHW, ECL: Forward PE Ratio Comparison
For the Specialty Chemicals subindustry, Elkem ASA'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.
Elkem ASA Forward PE Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Elkem ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Elkem ASA'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.
Elkem ASA (FRA:1DP) has a Forward PE Ratio of 23.75 as of Jul. 19, 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 Elkem ASA and its competitors. According to the industry distribution chart, Elkem ASA ranks #436 out of 660 companies in the Chemicals industry, placing it in the top 66.1%.
Is Elkem ASA's Forward PE Ratio too high?
Elkem ASA's current Forward PE Ratio is 23.75. The Chemicals industry median Forward PE Ratio is 17.68. Elkem ASA's value of 23.75 is 34.3% above this industry median. Based on the distribution chart, Elkem ASA ranks #436 out of 660 companies in the Chemicals industry, which is below the industry midpoint. Overall, Elkem ASA has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elkem ASA's Forward PE Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Elkem ASA ranks #436 out of 660 companies for Forward PE Ratio. This places Elkem ASA in the lower half of its industry. The industry median Forward PE Ratio is 17.68. Elkem ASA's value of 23.75 is 34.3% 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 17.68, based on 660 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. Elkem ASA's current Forward PE Ratio of 23.75 is 34.3% 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 Elkem ASA and its competitors. For the Chemicals industry, the median Forward PE Ratio is 17.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elkem ASA's current Forward PE Ratio is 23.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elkem ASA stock overvalued right now?
Based on GuruFocus' analysis, Elkem ASA (FRA:1DP) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.66, compared to a current price of €2.85 — trading 71.7% above its estimated fair value. The current Forward PE Ratio is 23.75 and 34.3% above the Chemicals industry median of 17.68. Elkem ASA's overall GF Score™ is 61/100 with 7 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 Elkem ASA (FRA:1DP), the current Forward PE Ratio is 23.75 as of Jul. 19, 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 Elkem ASA (FRA:1DP) Overvalued in 2026?
Based on GuruFocus' analysis, Elkem ASA stock appears to be overvalued.
The current stock price of €2.85 is trading 71.7% above its estimated GF Value™ of €1.66.
GuruFocus considers Elkem ASA to be Significantly Overvalued.
Key valuation signals for FRA:1DP:
Forward PE Ratio: 23.75
GF Value™: €1.66 vs. price of €2.85 (71.7% above fair value)
Industry Position: 34.3% above the Chemicals median (#436 of 660)
No single metric tells the full story. See the FRA:1DP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elkem ASA offers material solutions that shape a more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. The group helps its customers create and improve essential innovations in electric mobility, digital communications, health, and personal care, as well as in smarter, more sustainable cities. It has three reportable segments, namely Silicones, Silicon Products, and Carbon Solutions. It generates the majority of the revenue from the Silicones segment.
61GF 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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