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Teledyne Technologies (FRA:TYZ) 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 .
Teledyne Technologies Forward PE Ratio Related Terms
Teledyne Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Teledyne 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.
Teledyne Technologies Forward PE Ratio Chart
Teledyne Technologies Annual Data
Trend
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
20.12
21.23
22.14
21.43
Teledyne Technologies Quarterly Data
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
20.12
23.04
21.41
19.72
21.23
20.53
18.55
22.14
21.97
22.80
23.94
21.43
26.23
FRA:TYZ vs MKSI, FTV, GRMN: Forward PE Ratio Comparison
For the Scientific & Technical Instruments subindustry, Teledyne 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.
Teledyne Technologies Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Teledyne Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Teledyne Technologies's Forward PE Ratio falls into.
Teledyne 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.
Teledyne Technologies (FRA:TYZ) has a Forward PE Ratio of 26.47 as of Jul. 14, 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 Teledyne Technologies and its competitors. According to the industry distribution chart, Teledyne Technologies ranks #581 out of 1018 companies in the Hardware industry, placing it in the top 57.1%.
Is Teledyne Technologies' Forward PE Ratio too high?
Teledyne Technologies' current Forward PE Ratio is 26.47. The Hardware industry median Forward PE Ratio is 22.79. Teledyne Technologies' value of 26.47 is 16.1% above this industry median. Based on the distribution chart, Teledyne Technologies ranks #581 out of 1018 companies in the Hardware industry, which is below the industry midpoint. Overall, Teledyne Technologies has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teledyne Technologies' Forward PE Ratio compare to MKSI and FTV?
According to the Hardware industry distribution chart, Teledyne Technologies ranks #581 out of 1018 companies for Forward PE Ratio. This places Teledyne Technologies in the lower half of its industry. The industry median Forward PE Ratio is 22.79. Teledyne Technologies' value of 26.47 is 16.1% 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 22.79, based on 1,018 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. Teledyne Technologies's current Forward PE Ratio of 26.47 is 16.1% 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 Teledyne Technologies and its competitors. For the Hardware industry, the median Forward PE Ratio is 22.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teledyne Technologies's current Forward PE Ratio is 26.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teledyne Technologies stock overvalued right now?
Based on GuruFocus' analysis, Teledyne Technologies (FRA:TYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €457.56, compared to a current price of €546.50 — trading 19.4% above its estimated fair value. The current Forward PE Ratio is 26.47 and 16.1% above the Hardware industry median of 22.79. Teledyne Technologies' overall GF Score™ is 93/100 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 Teledyne Technologies (FRA:TYZ), the current Forward PE Ratio is 26.47 as of Jul. 14, 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 Teledyne Technologies (FRA:TYZ) Overvalued in 2026?
Based on GuruFocus' analysis, Teledyne Technologies stock appears to be overvalued.
The current stock price of €546.50 is trading 19.4% above its estimated GF Value™ of €457.56.
GuruFocus considers Teledyne Technologies to be Modestly Overvalued.
Key valuation signals for FRA:TYZ:
Forward PE Ratio: 26.47
GF Value™: €457.56 vs. price of €546.50 (19.4% above fair value)
Industry Position: 16.1% above the Hardware median (#581 of 1018)
No single metric tells the full story. See the FRA:TYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The Digital Imaging segment, that derives maximum revenue, includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance, high-reliability semiconductors including analog-to-digital and digital-to-analog converters. Geographically, the company operates in United States, Europe, Asia, and All other.
93GF 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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