Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
LightPath Technologies (FRA:LPZB) 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 .
LightPath Technologies Forward PE Ratio Related Terms
LightPath Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for LightPath Technologies'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.
LightPath Technologies Forward PE Ratio Chart
LightPath Technologies Annual Data
Trend
2016-06
2017-06
2018-06
2021-06
Forward PE Ratio
11.09
14.84
19.65
32.47
LightPath Technologies 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
2020-12
2021-03
2021-06
2021-09
2026-03
Forward PE Ratio
14.01
11.26
11.09
14.88
17.95
16.86
14.84
16.98
20.70
14.95
19.65
16.47
37.45
11.40
59.17
17.95
32.47
204.08
723.08
FRA:LPZB vs KOPN, MEI, LYTS: Forward PE Ratio Comparison
For the Electronic Components subindustry, LightPath Technologies'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.
LightPath Technologies Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, LightPath Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where LightPath Technologies's Forward PE Ratio falls into.
LightPath Technologies 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.
LightPath Technologies (FRA:LPZB) has a Forward PE Ratio of 436.36 as of Aug. 11, 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 LightPath Technologies and its competitors. According to the industry distribution chart, LightPath Technologies ranks #1003 out of 1022 companies in the Hardware industry, placing it in the top 98.1%.
Is LightPath Technologies' Forward PE Ratio too high?
LightPath Technologies' current Forward PE Ratio is 436.36. The Hardware industry median Forward PE Ratio is 21.69. LightPath Technologies' value of 436.36 is 1912.3% above this industry median. Based on the distribution chart, LightPath Technologies ranks #1003 out of 1022 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, LightPath Technologies has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightPath Technologies' Forward PE Ratio compare to KOPN and MEI?
According to the Hardware industry distribution chart, LightPath Technologies ranks #1003 out of 1022 companies for Forward PE Ratio. This places LightPath Technologies in the lower half of its industry. The industry median Forward PE Ratio is 21.69. LightPath Technologies' value of 436.36 is 1912.3% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 21.69, based on 1,022 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. LightPath Technologies's current Forward PE Ratio of 436.36 is 1912.3% 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 LightPath Technologies and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightPath Technologies's current Forward PE Ratio is 436.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightPath Technologies stock overvalued right now?
Based on GuruFocus' analysis, LightPath Technologies (FRA:LPZB) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.11, compared to a current price of €10.60 — trading 402.4% above its estimated fair value. The current Forward PE Ratio is 436.36 and 1912.3% above the Hardware industry median of 21.69. LightPath Technologies' overall GF Score™ is 49/100 with 3 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 LightPath Technologies (FRA:LPZB), the current Forward PE Ratio is 436.36 as of Aug. 11, 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 LightPath Technologies (FRA:LPZB) Overvalued in 2026?
Based on GuruFocus' analysis, LightPath Technologies stock appears to be overvalued.
The current stock price of €10.60 is trading 402.4% above its estimated GF Value™ of €2.11.
GuruFocus considers LightPath Technologies to be Significantly Overvalued.
Key valuation signals for FRA:LPZB:
Forward PE Ratio: 436.36
GF Value™: €2.11 vs. price of €10.60 (402.4% above fair value)
Industry Position: 1912.3% above the Hardware median (#1003 of 1022)
No single metric tells the full story. See the FRA:LPZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It develops optical solutions for traditional optics and communications markets. The company's products include precision molded optics and infrared products, serving markets such as distribution, laser, industrial, instrumentation, telecommunications, and defense. Its products are categorized as infrared components, visible components, assemblies and modules, and engineering services. G5 Infrared's revenue mainly comes from infrared components and assemblies.
49GF Score
Get the complete analysis for FRA:LPZB
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:LPZB has been successfully added to your 
