PhotoCure ASAFRA:PHS +2.18%78 Forward PE Ratio is 33.91 as of Jul. 04, 2026. GuruFocus rates FRA:PHS with a GF Score™ of 78/100 and a GF Value™ of €6.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 407 Drug Manufacturers companies, PhotoCure ASA ranks better than 51.35% on this metric.
PhotoCure ASA's Forward PE Ratio for today is 33.91.
PhotoCure ASA (FRA:PHS) 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 .
PhotoCure ASA Forward PE Ratio Related Terms
PhotoCure ASA Forward PE Ratio Historical Data
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The historical data trend for PhotoCure ASA'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.
PhotoCure ASA Forward PE Ratio Chart
PhotoCure ASA Annual Data
Trend
2018-12
2020-12
2024-12
2025-12
Forward PE Ratio
38.61
75.19
46.17
69.40
PhotoCure ASA Quarterly Data
2018-12
2020-03
2020-09
2020-12
2021-03
2021-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
38.61
29.15
74.07
75.19
109.89
121.95
46.17
53.91
95.32
65.14
69.40
170.61
FRA:PHS vs ZTS, UTHR, VTRS: Forward PE Ratio Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, PhotoCure ASA'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.
PhotoCure ASA Forward PE Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, PhotoCure ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where PhotoCure ASA'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.
PhotoCure ASA (FRA:PHS) has a Forward PE Ratio of 33.91 as of Jul. 04, 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 PhotoCure ASA and its competitors. According to the industry distribution chart, PhotoCure ASA ranks #198 out of 407 companies in the Drug Manufacturers industry, placing it in the top 48.6%.
Is PhotoCure ASA's Forward PE Ratio too high?
PhotoCure ASA's current Forward PE Ratio is 33.91. The Drug Manufacturers industry median Forward PE Ratio is 17.37. PhotoCure ASA's value of 33.91 is 95.2% above this industry median. Based on the distribution chart, PhotoCure ASA ranks #198 out of 407 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, PhotoCure ASA has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PhotoCure ASA's Forward PE Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, PhotoCure ASA ranks #198 out of 407 companies for Forward PE Ratio. This puts PhotoCure ASA in the upper half of its industry. The industry median Forward PE Ratio is 17.37. PhotoCure ASA's value of 33.91 is 95.2% 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 Drug Manufacturers company?
The median Forward PE Ratio among Drug Manufacturers companies is 17.37, based on 407 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. PhotoCure ASA's current Forward PE Ratio of 33.91 is 95.2% 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 PhotoCure ASA and its competitors. For the Drug Manufacturers industry, the median Forward PE Ratio is 17.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhotoCure ASA's current Forward PE Ratio is 33.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhotoCure ASA stock overvalued right now?
Based on GuruFocus' analysis, PhotoCure ASA (FRA:PHS) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.52, compared to a current price of €5.15 — trading 21% below its estimated fair value. The current Forward PE Ratio is 33.91 and 95.2% above the Drug Manufacturers industry median of 17.37. PhotoCure ASA's overall GF Score™ is 78/100 with 1 warning sign 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 PhotoCure ASA (FRA:PHS), the current Forward PE Ratio is 33.91 as of Jul. 04, 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 PhotoCure ASA (FRA:PHS) Overvalued in 2026?
Based on GuruFocus' analysis, PhotoCure ASA stock appears to be undervalued.
The current stock price of €5.15 is trading 21% below its estimated GF Value™ of €6.52.
GuruFocus considers PhotoCure ASA to be Modestly Undervalued.
Key valuation signals for FRA:PHS:
Forward PE Ratio: 33.91
GF Value™: €6.52 vs. price of €5.15 (21% below fair value)
Industry Position: 95.2% above the Drug Manufacturers median (#198 of 407)
No single metric tells the full story. See the FRA:PHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products and specialty pharmaceutical companies. The technology platform of the company is focused on the field of photodynamic diagnosis and treatment of cancer. The company has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, BeNeLux, Italy, Other European countries, Canada, and the United States.
78GF 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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