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MTRFRA:MRI +1.72%77 Forward PE Ratio is 12.38 as of Jul. 19, 2026. GuruFocus rates FRA:MRI with a GF Score™ of 77/100 and a GF Value™ of €2.86 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 490 Transportation companies, MTR ranks better than 54.69% 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 .
MTR Forward PE Ratio Related Terms
MTR Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for MTR'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.
MTR Forward PE Ratio Chart
MTR Annual Data
Trend
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
21.60
23.64
22.83
20.00
44.84
25.84
37.04
11.55
10.28
11.10
MTR Semi-Annual Data
2016-06
2016-12
2017-06
2017-12
2018-06
2018-12
2019-06
2019-12
2020-06
2020-12
2021-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
19.72
21.60
27.25
23.64
22.62
22.83
23.81
20.00
28.49
44.84
57.14
25.84
45.25
37.04
24.81
11.55
10.95
10.28
9.81
11.10
FRA:MRI vs UNP, CSX, NSC: Forward PE Ratio Comparison
For the Railroads subindustry, MTR'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.
MTR Forward PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, MTR's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where MTR'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.
MTR (FRA:MRI) has a Forward PE Ratio of 12.38 as of Jul. 19, 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 MTR and its competitors. According to the industry distribution chart, MTR ranks #222 out of 490 companies in the Transportation industry, placing it in the top 45.3%.
Is MTR's Forward PE Ratio too high?
MTR's current Forward PE Ratio is 12.38. The Transportation industry median Forward PE Ratio is 13.48. MTR's value of 12.38 is 8.1% below this industry median. Based on the distribution chart, MTR ranks #222 out of 490 companies in the Transportation industry, which is above the industry midpoint. Overall, MTR has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTR's Forward PE Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, MTR ranks #222 out of 490 companies for Forward PE Ratio. This puts MTR in the upper half of its industry. The industry median Forward PE Ratio is 13.48. MTR's value of 12.38 is 8.1% below 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 Transportation company?
The median Forward PE Ratio among Transportation companies is 13.48, based on 490 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. MTR's current Forward PE Ratio of 12.38 is 8.1% below 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 MTR and its competitors. For the Transportation industry, the median Forward PE Ratio is 13.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTR's current Forward PE Ratio is 12.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTR stock overvalued right now?
Based on GuruFocus' analysis, MTR (FRA:MRI) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.86, compared to a current price of €3.54 — trading 23.8% above its estimated fair value. The current Forward PE Ratio is 12.38 and 8.1% below the Transportation industry median of 13.48. MTR's overall GF Score™ is 77/100 with 4 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 MTR (FRA:MRI), the current Forward PE Ratio is 12.38 as of Jul. 19, 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 MTR (FRA:MRI) Overvalued in 2026?
Based on GuruFocus' analysis, MTR stock appears to be overvalued.
The current stock price of €3.54 is trading 23.8% above its estimated GF Value™ of €2.86.
GuruFocus considers MTR to be Modestly Overvalued.
Key valuation signals for FRA:MRI:
Forward PE Ratio: 12.38
GF Value™: €2.86 vs. price of €3.54 (23.8% above fair value)
Industry Position: 8.1% below the Transportation median (#222 of 490)
No single metric tells the full story. See the FRA:MRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the company makes recurring income from commercial business in the stations. This includes rental of retail kiosks and advertisement in the stations and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. In a normalized environment, average operating profit is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.
77GF Score
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