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.
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 .
Golar LNG Forward PE Ratio Related Terms
Golar LNG Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Golar LNG'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.
Golar LNG Forward PE Ratio Chart
Golar LNG Annual Data
Trend
2017-12
2018-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
69.44
38.31
20.33
11.22
13.53
28.65
52.47
Golar LNG Quarterly Data
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2020-03
2020-06
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
Forward PE Ratio
70.42
69.44
60.98
133.33
47.85
38.31
15.67
15.85
20.33
18.12
10.21
11.92
11.22
10.03
13.35
10.56
13.53
10.83
15.24
17.76
28.65
24.61
27.91
49.16
52.47
59.89
GLNG vs HESM, PAGP, INSW: Forward PE Ratio Comparison
For the Oil & Gas Midstream subindustry, Golar LNG'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.
Golar LNG Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Golar LNG's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Golar LNG'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.
Golar LNG (GLNG) has a Forward PE Ratio of 47.86 as of Aug. 07, 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 Golar LNG and its competitors. According to the industry distribution chart, Golar LNG ranks #500 out of 546 companies in the Oil & Gas industry, placing it in the top 91.6%.
Is Golar LNG's Forward PE Ratio too high?
Golar LNG's current Forward PE Ratio is 47.86. The Oil & Gas industry median Forward PE Ratio is 10.70. Golar LNG's value of 47.86 is 347.5% above this industry median. Based on the distribution chart, Golar LNG ranks #500 out of 546 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Golar LNG has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Golar LNG's Forward PE Ratio compare to HESM and PAGP?
According to the Oil & Gas industry distribution chart, Golar LNG ranks #500 out of 546 companies for Forward PE Ratio. This places Golar LNG in the lower half of its industry. The industry median Forward PE Ratio is 10.70. Golar LNG's value of 47.86 is 347.5% 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 an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.70, based on 546 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. Golar LNG's current Forward PE Ratio of 47.86 is 347.5% 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 Golar LNG and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golar LNG's current Forward PE Ratio is 47.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golar LNG stock overvalued right now?
Based on GuruFocus' analysis, Golar LNG (GLNG) is currently considered Fairly Valued. The stock's GF Value™ is $53.43, compared to a current price of $51.03 — trading 4.5% below its estimated fair value. The current Forward PE Ratio is 47.86 and 347.5% above the Oil & Gas industry median of 10.70. Golar LNG's overall GF Score™ is 73/100 with 10 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 Golar LNG (GLNG), the current Forward PE Ratio is 47.86 as of Aug. 07, 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 Golar LNG (GLNG) Overvalued in 2026?
Based on GuruFocus' analysis, Golar LNG stock appears to be undervalued.
The current stock price of $51.03 is trading 4.5% below its estimated GF Value™ of $53.43.
GuruFocus considers Golar LNG to be Fairly Valued.
Key valuation signals for GLNG:
Forward PE Ratio: 47.86
GF Value™: $53.43 vs. price of $51.03 (4.5% below fair value)
Industry Position: 347.5% above the Oil & Gas median (#500 of 546)
No single metric tells the full story. See the GLNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golar LNG Ltd designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas and provides floating liquefied natural gas (FLNG) services. It offers solutions for gas resource holders to develop and utilize gas reserves, including stranded, associated, flared, or underutilized resources. The company's reportable segments are: i) FLNG: includes the operations of FLNG vessels and projects, and ii) Corporate and other: includes legacy shipping segment activities, vessel management, floating storage and regasification unit services for third parties. The majority of the company's revenue is derived from the FLNG segment. Geographically, it generates the maximum revenue from Cameroon.
73GF Score
Get the complete analysis for GLNG
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
GLNG has been successfully added to your 
