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Voya Financial (FRA:V0Y) 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 .
Voya Financial Forward PE Ratio Related Terms
Voya Financial Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Voya Financial'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.
Voya Financial Forward PE Ratio Chart
Voya Financial Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
10.96
10.31
11.11
7.17
9.52
9.91
9.56
7.92
8.10
7.33
7.17
Voya Financial 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
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
10.96
7.79
8.74
7.16
10.31
10.46
10.94
8.80
11.11
11.63
10.94
8.96
7.17
9.17
9.64
8.73
9.52
8.04
10.87
7.87
9.91
11.82
10.99
9.23
9.56
10.09
9.22
7.89
7.92
8.47
8.68
7.14
8.10
8.47
8.48
8.27
7.33
8.03
8.10
7.33
7.17
7.12
9.33
FRA:V0Y vs FRHC, HTH, TREE: Forward PE Ratio Comparison
For the Financial Conglomerates subindustry, Voya Financial'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.
Voya Financial Forward PE Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Voya Financial's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Voya Financial'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.
Voya Financial (FRA:V0Y) has a Forward PE Ratio of 10.68 as of Aug. 18, 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 Voya Financial and its competitors. According to the industry distribution chart, Voya Financial ranks #16 out of 32 companies in the Diversified Financial Services industry, placing it in the top 50%.
Is Voya Financial's Forward PE Ratio too high?
Voya Financial's current Forward PE Ratio is 10.68. The Diversified Financial Services industry median Forward PE Ratio is 11.98. Voya Financial's value of 10.68 is 10.8% below this industry median. Based on the distribution chart, Voya Financial ranks #16 out of 32 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Voya Financial has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Voya Financial's Forward PE Ratio compare to FRHC and HTH?
According to the Diversified Financial Services industry distribution chart, Voya Financial ranks #16 out of 32 companies for Forward PE Ratio. This puts Voya Financial in the upper half of its industry. The industry median Forward PE Ratio is 11.98. Voya Financial's value of 10.68 is 10.8% 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 Diversified Financial Services company?
The median Forward PE Ratio among Diversified Financial Services companies is 11.98, based on 32 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. Voya Financial's current Forward PE Ratio of 10.68 is 10.8% 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 Voya Financial and its competitors. For the Diversified Financial Services industry, the median Forward PE Ratio is 11.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Financial's current Forward PE Ratio is 10.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Financial stock overvalued right now?
Voya Financial (FRA:V0Y) has a current Forward PE Ratio of 10.68. The stock's GF Value™ is €71.89, compared to a current price of €86.50 — trading 20.3% above its estimated fair value. The current Forward PE Ratio is 10.68 and 10.8% below the Diversified Financial Services industry median of 11.98. Voya Financial's overall GF Score™ is 73/100 with 8 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 Voya Financial (FRA:V0Y), the current Forward PE Ratio is 10.68 as of Aug. 18, 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 Voya Financial (FRA:V0Y) Overvalued in 2026?
Based on GuruFocus' analysis, Voya Financial stock appears to be overvalued.
The current stock price of €86.50 is trading 20.3% above its estimated GF Value™ of €71.89.
Key valuation signals for FRA:V0Y:
Forward PE Ratio: 10.68
GF Value™: €71.89 vs. price of €86.50 (20.3% above fair value)
Industry Position: 10.8% below the Diversified Financial Services median (#16 of 32)
No single metric tells the full story. See the FRA:V0Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Retirement, Investment Management and Employee Benefits.The majority revenue is from Retirement segment.
73GF Score
Get the complete analysis for FRA:V0Y
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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