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Granite Real Estate Investment Trust (FRA:4I70) 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 .
Granite Real Estate Investment Trust Forward PE Ratio Related Terms
Granite Real Estate Investment Trust Forward PE Ratio Historical Data
* 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.
Granite Real Estate Investment Trust Forward PE Ratio Chart
Granite Real Estate Investment Trust Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
23.81
14.49
14.43
11.99
12.83
Granite Real Estate Investment Trust Quarterly Data
2020-03
2020-09
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
11.78
19.96
21.51
21.74
22.62
23.81
22.68
18.55
13.53
14.49
16.10
14.84
13.42
14.43
14.27
12.64
14.16
11.99
11.11
13.09
12.02
12.83
12.86
15.25
FRA:4I70 vs PLD, PSA, EXR: Forward PE Ratio Comparison
For the REIT - Industrial subindustry, Granite Real Estate Investment Trust'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.
Granite Real Estate Investment Trust Forward PE Ratio vs REITs Industry
Granite Real Estate Investment Trust 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.
Granite Real Estate Investment Trust (FRA:4I70) has a Forward PE Ratio of 15.27 as of Aug. 21, 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 Granite Real Estate Investment Trust and its competitors. According to the industry distribution chart, Granite Real Estate Investment Trust ranks #212 out of 456 companies in the REITs industry, placing it in the top 46.5%.
Is Granite Real Estate Investment Trust's Forward PE Ratio too high?
Granite Real Estate Investment Trust's current Forward PE Ratio is 15.27. The REITs industry median Forward PE Ratio is 16.27. Granite Real Estate Investment Trust's value of 15.27 is 6.1% below this industry median. Based on the distribution chart, Granite Real Estate Investment Trust ranks #212 out of 456 companies in the REITs industry, which is above the industry midpoint. Overall, Granite Real Estate Investment Trust has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Granite Real Estate Investment Trust's Forward PE Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Granite Real Estate Investment Trust ranks #212 out of 456 companies for Forward PE Ratio. This puts Granite Real Estate Investment Trust in the upper half of its industry. The industry median Forward PE Ratio is 16.27. Granite Real Estate Investment Trust's value of 15.27 is 6.1% below 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 REITs company?
The median Forward PE Ratio among REITs companies is 16.27, based on 456 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. Granite Real Estate Investment Trust's current Forward PE Ratio of 15.27 is 6.1% below 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 Granite Real Estate Investment Trust and its competitors. For the REITs industry, the median Forward PE Ratio is 16.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Real Estate Investment Trust's current Forward PE Ratio is 15.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Real Estate Investment Trust stock overvalued right now?
Granite Real Estate Investment Trust (FRA:4I70) has a current Forward PE Ratio of 15.27. The stock's GF Value™ is €56.50, compared to a current price of €55.53 — trading 1.7% below its estimated fair value. The current Forward PE Ratio is 15.27 and 6.1% below the REITs industry median of 16.27. Granite Real Estate Investment Trust's overall GF Score™ is 88/100 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 Granite Real Estate Investment Trust (FRA:4I70), the current Forward PE Ratio is 15.27 as of Aug. 21, 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 Granite Real Estate Investment Trust (FRA:4I70) Overvalued in 2026?
Based on GuruFocus' analysis, Granite Real Estate Investment Trust stock appears to be undervalued.
The current stock price of €55.53 is trading 1.7% below its estimated GF Value™ of €56.50.
Key valuation signals for FRA:4I70:
Forward PE Ratio: 15.27
GF Value™: €56.50 vs. price of €55.53 (1.7% below fair value)
Industry Position: 6.1% below the REITs median (#212 of 456)
No single metric tells the full story. See the FRA:4I70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse, logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings, split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.
88GF Score
Get the complete analysis for FRA:4I70
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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