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CEZ ASFRA:CEZ -0.83%99 Forward PE Ratio is 20.47 as of Jul. 22, 2026. GuruFocus rates FRA:CEZ with a GF Score™ of 99/100 and a GF Value™ of €46.09 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 275 Utilities - Regulated companies, CEZ AS ranks worse than 80% 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 .
CEZ AS Forward PE Ratio Related Terms
CEZ AS Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for CEZ AS'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.
CEZ AS Forward PE Ratio Chart
CEZ AS Annual Data
Trend
2015-12
2016-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
10.86
13.76
16.31
12.72
13.99
19.57
12.64
12.84
17.12
19.43
CEZ AS Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
10.86
10.49
11.63
15.08
13.76
14.31
12.84
28.41
23.42
17.27
16.31
17.42
17.67
12.82
12.72
10.17
12.12
12.21
13.99
15.17
17.83
17.12
19.57
15.13
12.87
9.26
12.64
17.54
13.09
13.35
12.84
17.12
23.78
23.61
19.52
19.43
18.31
FRA:CEZ vs NEE, SO, DUK: Forward PE Ratio Comparison
For the Utilities - Regulated Electric subindustry, CEZ AS'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.
CEZ AS Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where CEZ AS'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.
CEZ AS (FRA:CEZ) has a Forward PE Ratio of 20.47 as of Jul. 22, 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 CEZ AS and its competitors. According to the industry distribution chart, CEZ AS ranks #220 out of 275 companies in the Utilities - Regulated industry, placing it in the top 80%.
Is CEZ AS's Forward PE Ratio too high?
CEZ AS's current Forward PE Ratio is 20.47. The Utilities - Regulated industry median Forward PE Ratio is 14.61. CEZ AS's value of 20.47 is 40.1% above this industry median. Based on the distribution chart, CEZ AS ranks #220 out of 275 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CEZ AS has a GF Score™ of 99/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEZ AS's Forward PE Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CEZ AS ranks #220 out of 275 companies for Forward PE Ratio. This places CEZ AS in the lower half of its industry. The industry median Forward PE Ratio is 14.61. CEZ AS's value of 20.47 is 40.1% 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 an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.61, based on 275 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. CEZ AS's current Forward PE Ratio of 20.47 is 40.1% 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 CEZ AS and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS's current Forward PE Ratio is 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEZ AS stock overvalued right now?
Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €46.09, compared to a current price of €53.65 — trading 16.4% above its estimated fair value. The current Forward PE Ratio is 20.47 and 40.1% above the Utilities - Regulated industry median of 14.61. CEZ AS's overall GF Score™ is 99/100 with 9 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 CEZ AS (FRA:CEZ), the current Forward PE Ratio is 20.47 as of Jul. 22, 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 CEZ AS (FRA:CEZ) Overvalued in 2026?
Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued.
The current stock price of €53.65 is trading 16.4% above its estimated GF Value™ of €46.09.
GuruFocus considers CEZ AS to be Modestly Overvalued.
Key valuation signals for FRA:CEZ:
Forward PE Ratio: 20.47
GF Value™: €46.09 vs. price of €53.65 (16.4% above fair value)
Industry Position: 40.1% above the Utilities - Regulated median (#220 of 275)
No single metric tells the full story. See the FRA:CEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
99GF Score
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