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Callaway Golf Co (FRA:CLY) 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 .
Callaway Golf Co Forward PE Ratio Related Terms
Callaway Golf Co Forward PE Ratio Historical Data
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The historical data trend for Callaway Golf Co'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.
Callaway Golf Co Forward PE Ratio Chart
Callaway Golf Co Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
Forward PE Ratio
28.99
33.56
23.58
14.14
17.45
45.05
56.18
23.70
39.68
142.22
Callaway Golf Co Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
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
2021-09
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
Forward PE Ratio
28.99
31.85
25.32
34.72
33.56
42.37
47.85
31.15
23.58
23.09
22.12
23.92
14.14
15.77
18.12
16.05
17.45
11.99
42.55
18.66
45.05
47.62
120.48
56.18
52.91
34.72
22.88
23.70
28.74
29.94
17.54
39.68
54.35
52.63
149.25
142.22
FRA:CLY vs YETI, OSW, MAT: Forward PE Ratio Comparison
For the Leisure subindustry, Callaway Golf Co'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.
Callaway Golf Co Forward PE Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Callaway Golf Co'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.
Callaway Golf Co (FRA:CLY) has a Forward PE Ratio of 148.20 as of Jul. 23, 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 Callaway Golf Co and its competitors. According to the industry distribution chart, Callaway Golf Co ranks #347 out of 349 companies in the Travel & Leisure industry, placing it in the top 99.4%.
Is Callaway Golf Co's Forward PE Ratio too high?
Callaway Golf Co's current Forward PE Ratio is 148.20. The Travel & Leisure industry median Forward PE Ratio is 14.74. Callaway Golf Co's value of 148.20 is 905.4% above this industry median. Based on the distribution chart, Callaway Golf Co ranks #347 out of 349 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Callaway Golf Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's Forward PE Ratio compare to YETI and OSW?
According to the Travel & Leisure industry distribution chart, Callaway Golf Co ranks #347 out of 349 companies for Forward PE Ratio. This places Callaway Golf Co in the lower half of its industry. The industry median Forward PE Ratio is 14.74. Callaway Golf Co's value of 148.20 is 905.4% 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 Travel & Leisure company?
The median Forward PE Ratio among Travel & Leisure companies is 14.74, based on 349 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. Callaway Golf Co's current Forward PE Ratio of 148.20 is 905.4% 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 Callaway Golf Co and its competitors. For the Travel & Leisure industry, the median Forward PE Ratio is 14.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Callaway Golf Co's current Forward PE Ratio is 148.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (FRA:CLY) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.09, compared to a current price of €16.03 — trading 44.5% above its estimated fair value. The current Forward PE Ratio is 148.20 and 905.4% above the Travel & Leisure industry median of 14.74. Callaway Golf Co's overall GF Score™ is 74/100 with 11 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 Callaway Golf Co (FRA:CLY), the current Forward PE Ratio is 148.20 as of Jul. 23, 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 Callaway Golf Co (FRA:CLY) Overvalued in 2026?
Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued.
The current stock price of €16.03 is trading 44.5% above its estimated GF Value™ of €11.09.
GuruFocus considers Callaway Golf Co to be Significantly Overvalued.
Key valuation signals for FRA:CLY:
Forward PE Ratio: 148.20
GF Value™: €11.09 vs. price of €16.03 (44.5% above fair value)
Industry Position: 905.4% above the Travel & Leisure median (#347 of 349)
No single metric tells the full story. See the FRA:CLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
74GF 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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