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SpireFRA:LGR +0.74%55 Forward PE Ratio is 14.24 as of Aug. 05, 2026. GuruFocus rates FRA:LGR with a GF Score™ of 55/100. The stock has 7 warning signs investors should review. Among 275 Utilities - Regulated companies, Spire ranks worse than 50.91% 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 .
Spire Forward PE Ratio Related Terms
Spire Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Spire'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.
Spire Forward PE Ratio Chart
Spire Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
17.89
20.12
19.53
22.22
12.95
13.74
14.75
12.80
14.66
15.18
Spire 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
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
17.95
18.83
18.83
17.89
18.18
19.01
18.69
20.12
20.16
18.66
19.05
19.53
19.57
21.98
21.37
22.22
21.10
18.28
15.46
12.95
16.10
17.79
16.13
13.74
15.27
17.89
16.53
14.75
16.58
16.64
14.49
12.80
14.31
12.87
14.66
15.11
16.57
13.95
15.18
15.34
17.99
FRA:LGR vs OGS, MDU, BKH: Forward PE Ratio Comparison
For the Utilities - Regulated Gas subindustry, Spire'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.
Spire Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Spire'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.
Spire (FRA:LGR) has a Forward PE Ratio of 14.24 as of Aug. 05, 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 Spire and its competitors. According to the industry distribution chart, Spire ranks #140 out of 275 companies in the Utilities - Regulated industry, placing it in the top 50.9%.
Is Spire's Forward PE Ratio too high?
Spire's current Forward PE Ratio is 14.24. The Utilities - Regulated industry median Forward PE Ratio is 14.15. Spire's value of 14.24 is 0.6% above this industry median. Based on the distribution chart, Spire ranks #140 out of 275 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Spire has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Spire's Forward PE Ratio compare to OGS and MDU?
According to the Utilities - Regulated industry distribution chart, Spire ranks #140 out of 275 companies for Forward PE Ratio. This places Spire in the lower half of its industry. The industry median Forward PE Ratio is 14.15. Spire's value of 14.24 is 0.6% 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 an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.15, 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. Spire's current Forward PE Ratio of 14.24 is 0.6% 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 Spire and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spire's current Forward PE Ratio is 14.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spire stock overvalued right now?
Spire (FRA:LGR) has a current Forward PE Ratio of 14.24. The current Forward PE Ratio is 14.24 and 0.6% above the Utilities - Regulated industry median of 14.15. Spire's overall GF Score™ is 55/100 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 Spire (FRA:LGR), the current Forward PE Ratio is 14.24 as of Aug. 05, 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.
Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.
55GF Score
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