HIVE Digital Technologies (NAS:HIVE) 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 .
HIVE Digital Technologies Forward PE Ratio Related Terms
HIVE Digital Technologies Forward PE Ratio Historical Data
* 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.
HIVE Digital Technologies Forward PE Ratio Chart
HIVE Digital Technologies Annual Data
Trend
2018-03
2019-03
2022-03
2025-03
Forward PE Ratio
9.43
10.07
12.69
18.75
HIVE Digital Technologies Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2022-03
2022-06
2024-12
2025-03
2025-09
2025-12
Forward PE Ratio
9.43
4.87
21.98
3.88
10.07
1.76
12.69
2.07
39.08
18.75
16.53
7.35
HIVE vs MS, GS, SCHW: Forward PE Ratio Comparison
For the Capital Markets subindustry, HIVE Digital 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.
HIVE Digital Technologies Forward PE Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where HIVE Digital Technologies's Forward PE Ratio falls into.
HIVE Digital 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.
HIVE Digital Technologies (HIVE) has a Forward PE Ratio of 48.81 as of Jul. 11, 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 HIVE Digital Technologies and its competitors. According to the industry distribution chart, HIVE Digital Technologies ranks #203 out of 221 companies in the Capital Markets industry, placing it in the top 91.9%.
Is HIVE Digital Technologies' Forward PE Ratio too high?
HIVE Digital Technologies' current Forward PE Ratio is 48.81. The Capital Markets industry median Forward PE Ratio is 16.53. HIVE Digital Technologies' value of 48.81 is 195.3% above this industry median. Based on the distribution chart, HIVE Digital Technologies ranks #203 out of 221 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HIVE Digital Technologies has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIVE Digital Technologies' Forward PE Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, HIVE Digital Technologies ranks #203 out of 221 companies for Forward PE Ratio. This places HIVE Digital Technologies in the lower half of its industry. The industry median Forward PE Ratio is 16.53. HIVE Digital Technologies' value of 48.81 is 195.3% 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 Capital Markets company?
The median Forward PE Ratio among Capital Markets companies is 16.53, based on 221 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. HIVE Digital Technologies's current Forward PE Ratio of 48.81 is 195.3% 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 HIVE Digital Technologies and its competitors. For the Capital Markets industry, the median Forward PE Ratio is 16.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIVE Digital Technologies's current Forward PE Ratio is 48.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIVE Digital Technologies stock overvalued right now?
Based on GuruFocus' analysis, HIVE Digital Technologies (HIVE) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.85, compared to a current price of $3.34 — trading 13.2% below its estimated fair value. The current Forward PE Ratio is 48.81 and 195.3% above the Capital Markets industry median of 16.53. HIVE Digital Technologies' overall GF Score™ is 65/100 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 HIVE Digital Technologies (HIVE), the current Forward PE Ratio is 48.81 as of Jul. 11, 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 HIVE Digital Technologies (HIVE) Overvalued in 2026?
Based on GuruFocus' analysis, HIVE Digital Technologies stock appears to be undervalued.
The current stock price of $3.34 is trading 13.2% below its estimated GF Value™ of $3.85.
GuruFocus considers HIVE Digital Technologies to be Modestly Undervalued.
Key valuation signals for HIVE:
Forward PE Ratio: 48.81
GF Value™: $3.85 vs. price of $3.34 (13.2% below fair value)
Industry Position: 195.3% above the Capital Markets median (#203 of 221)
No single metric tells the full story. See the HIVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIVE Digital Technologies Ltd is a sustainable-energy-focused digital infrastructure company that provides infrastructure solutions through the operation of Tier-1 and Tier-3 data centers. Its computing power is used for high-performance computing (HPC) and for generating hashrate sold to mining pools for cryptocurrency mining. The Company uses cash flow from its hashrate services business to support the expansion of its AI and HPC operations through its subsidiary. The Company focuses on Canada, Sweden, and Paraguay, where low-cost renewable power supports its operations and expansion. It operates in one segment with two revenue streams: the mining and sale of digital currencies and high-performance computing hosting. The majority of its revenue is generated from Bermuda.
65GF Score
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