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HarmonicHAM:HMC -2.38%64 Forward PE Ratio is 18.14 as of Aug. 09, 2026. GuruFocus rates HAM:HMC with a GF Score™ of 64/100 and a GF Value™ of €6.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,022 Hardware companies, Harmonic ranks better than 58.81% 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 .
Harmonic Forward PE Ratio Related Terms
Harmonic Forward PE Ratio Historical Data
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The historical data trend for Harmonic'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.
Harmonic Forward PE Ratio Chart
Harmonic Annual Data
Trend
Forward PE Ratio
Harmonic Quarterly Data
Forward PE Ratio
HAM:HMC vs GILT, ADTN, FEIM: Forward PE Ratio Comparison
For the Communication Equipment subindustry, Harmonic'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.
Harmonic Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Harmonic's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Harmonic'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.
Harmonic (HAM:HMC) has a Forward PE Ratio of 18.14 as of Aug. 09, 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 Harmonic and its competitors. According to the industry distribution chart, Harmonic ranks #421 out of 1022 companies in the Hardware industry, placing it in the top 41.2%.
Is Harmonic's Forward PE Ratio too high?
Harmonic's current Forward PE Ratio is 18.14. The Hardware industry median Forward PE Ratio is 21.67. Harmonic's value of 18.14 is 16.3% below this industry median. Based on the distribution chart, Harmonic ranks #421 out of 1022 companies in the Hardware industry, which is above the industry midpoint. Overall, Harmonic has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic's Forward PE Ratio compare to GILT and ADTN?
According to the Hardware industry distribution chart, Harmonic ranks #421 out of 1022 companies for Forward PE Ratio. This puts Harmonic in the upper half of its industry. The industry median Forward PE Ratio is 21.67. Harmonic's value of 18.14 is 16.3% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 21.67, based on 1,022 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. Harmonic's current Forward PE Ratio of 18.14 is 16.3% 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 Harmonic and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmonic's current Forward PE Ratio is 18.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic stock overvalued right now?
Based on GuruFocus' analysis, Harmonic (HAM:HMC) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.90, compared to a current price of €9.86 — trading 42.9% above its estimated fair value. The current Forward PE Ratio is 18.14 and 16.3% below the Hardware industry median of 21.67. Harmonic's overall GF Score™ is 64/100 with 5 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 Harmonic (HAM:HMC), the current Forward PE Ratio is 18.14 as of Aug. 09, 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 Harmonic (HAM:HMC) Overvalued in 2026?
Based on GuruFocus' analysis, Harmonic stock appears to be overvalued.
The current stock price of €9.86 is trading 42.9% above its estimated GF Value™ of €6.90.
GuruFocus considers Harmonic to be Significantly Overvalued.
Key valuation signals for HAM:HMC:
Forward PE Ratio: 18.14
GF Value™: €6.90 vs. price of €9.86 (42.9% above fair value)
Industry Position: 16.3% below the Hardware median (#421 of 1022)
No single metric tells the full story. See the HAM:HMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmonic Inc engaged in broadband access solutions that enable broadband operators to more efficiently and effectively deploy high-speed internet for data, voice, and video services for their customers and versatile and high-performance video delivery software, products, system solutions and services that enable its customers to efficiently create, prepare, store, playout and deliver a full range of high-quality broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smartphones. It has two segments, Broadband which provides broadband access solutions and related services, and Others; and Video business provides video processing and production and playout solutions and services, and Others.
64GF Score
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