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Citizen Watch CoFRA:CTZ -3.36%66 Forward PE Ratio is 17.98 as of Jul. 24, 2026. GuruFocus rates FRA:CTZ with a GF Score™ of 66/100 and a GF Value™ of €6.29 (Significantly Overvalued). Among 245 Manufacturing - Apparel & Accessories companies, Citizen Watch Co ranks worse than 71.02% on this metric.
Citizen Watch Co (FRA:CTZ) 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 .
Citizen Watch Co Forward PE Ratio Related Terms
Citizen Watch Co Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Citizen Watch 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.
Citizen Watch Co Forward PE Ratio Chart
Citizen Watch Co Annual Data
Trend
2018-03
2019-03
2020-03
2021-03
2022-03
2025-03
2026-03
Forward PE Ratio
12.12
11.29
9.93
18.48
12.71
12.01
17.05
Citizen Watch Co Quarterly Data
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
12.12
12.12
12.59
9.90
11.29
11.33
10.89
15.31
9.93
9.10
67.57
14.06
18.48
23.36
16.72
12.47
12.71
10.89
9.07
9.44
11.44
12.01
10.99
12.42
14.78
17.05
FRA:CTZ vs NKE, DECK, ONON: Forward PE Ratio Comparison
For the Footwear & Accessories subindustry, Citizen Watch 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.
Citizen Watch Co Forward PE Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Citizen Watch 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.
Citizen Watch Co (FRA:CTZ) has a Forward PE Ratio of 17.98 as of Jul. 24, 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 Citizen Watch Co and its competitors. According to the industry distribution chart, Citizen Watch Co ranks #174 out of 245 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 71%.
Is Citizen Watch Co's Forward PE Ratio too high?
Citizen Watch Co's current Forward PE Ratio is 17.98. The Manufacturing - Apparel & Accessories industry median Forward PE Ratio is 13.16. Citizen Watch Co's value of 17.98 is 36.6% above this industry median. Based on the distribution chart, Citizen Watch Co ranks #174 out of 245 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Citizen Watch Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's Forward PE Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Citizen Watch Co ranks #174 out of 245 companies for Forward PE Ratio. This places Citizen Watch Co in the lower half of its industry. The industry median Forward PE Ratio is 13.16. Citizen Watch Co's value of 17.98 is 36.6% 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 Manufacturing - Apparel & Accessories company?
The median Forward PE Ratio among Manufacturing - Apparel & Accessories companies is 13.16, based on 245 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. Citizen Watch Co's current Forward PE Ratio of 17.98 is 36.6% 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 Citizen Watch Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Forward PE Ratio is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Watch Co's current Forward PE Ratio is 17.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.29, compared to a current price of €11.50 — trading 82.8% above its estimated fair value. The current Forward PE Ratio is 17.98 and 36.6% above the Manufacturing - Apparel & Accessories industry median of 13.16. Citizen Watch Co's overall GF Score™ is 66/100. 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 Citizen Watch Co (FRA:CTZ), the current Forward PE Ratio is 17.98 as of Jul. 24, 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 Citizen Watch Co (FRA:CTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued.
The current stock price of €11.50 is trading 82.8% above its estimated GF Value™ of €6.29.
GuruFocus considers Citizen Watch Co to be Significantly Overvalued.
Key valuation signals for FRA:CTZ:
Forward PE Ratio: 17.98
GF Value™: €6.29 vs. price of €11.50 (82.8% above fair value)
Industry Position: 36.6% above the Manufacturing - Apparel & Accessories median (#174 of 245)
No single metric tells the full story. See the FRA:CTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
66GF Score
Get the complete analysis for FRA:CTZ
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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