Japan TobaccoJAPAF 75 Forward PE Ratio is 17.52 as of Jul. 06, 2026. GuruFocus rates JAPAF with a GF Score™ of 75/100 and a GF Value™ of $32.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 24 Tobacco Products companies, Japan Tobacco ranks worse than 79.17% on this metric.
Japan Tobacco's Forward PE Ratio for today is 17.52.
Japan Tobacco (OTCPK:JAPAF) 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 .
Japan Tobacco Forward PE Ratio Related Terms
Japan Tobacco Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Japan Tobacco'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.
Japan Tobacco Forward PE Ratio Chart
Japan Tobacco Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
10.78
11.93
11.61
12.53
13.48
14.62
14.34
17.47
Japan Tobacco Quarterly Data
2016-06
2016-09
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
Forward PE Ratio
16.31
16.03
13.32
13.59
12.00
10.78
12.48
10.63
10.45
11.93
11.15
11.68
9.84
11.61
14.03
14.79
11.99
12.53
13.14
13.46
11.82
13.48
11.16
12.48
13.74
14.62
14.22
15.85
14.88
14.34
14.55
15.31
16.16
17.47
15.79
JAPAF vs PM, MO, TPB: Forward PE Ratio Comparison
For the Tobacco subindustry, Japan Tobacco'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.
Japan Tobacco Forward PE Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Japan Tobacco'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.
Japan Tobacco (JAPAF) has a Forward PE Ratio of 17.52 as of Jul. 06, 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 Japan Tobacco and its competitors. According to the industry distribution chart, Japan Tobacco ranks #19 out of 24 companies in the Tobacco Products industry, placing it in the top 79.2%.
Is Japan Tobacco's Forward PE Ratio too high?
Japan Tobacco's current Forward PE Ratio is 17.52. The Tobacco Products industry median Forward PE Ratio is 12.22. Japan Tobacco's value of 17.52 is 43.4% above this industry median. Based on the distribution chart, Japan Tobacco ranks #19 out of 24 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Japan Tobacco has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Forward PE Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #19 out of 24 companies for Forward PE Ratio. This places Japan Tobacco in the lower half of its industry. The industry median Forward PE Ratio is 12.22. Japan Tobacco's value of 17.52 is 43.4% 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 Tobacco Products company?
The median Forward PE Ratio among Tobacco Products companies is 12.22, based on 24 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. Japan Tobacco's current Forward PE Ratio of 17.52 is 43.4% 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 Japan Tobacco and its competitors. For the Tobacco Products industry, the median Forward PE Ratio is 12.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Tobacco's current Forward PE Ratio is 17.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (JAPAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.94, compared to a current price of $37.50 — trading 13.8% above its estimated fair value. The current Forward PE Ratio is 17.52 and 43.4% above the Tobacco Products industry median of 12.22. Japan Tobacco's overall GF Score™ is 75/100 with 7 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 Japan Tobacco (JAPAF), the current Forward PE Ratio is 17.52 as of Jul. 06, 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 Japan Tobacco (JAPAF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued.
The current stock price of $37.50 is trading 13.8% above its estimated GF Value™ of $32.94.
GuruFocus considers Japan Tobacco to be Modestly Overvalued.
Key valuation signals for JAPAF:
Forward PE Ratio: 17.52
GF Value™: $32.94 vs. price of $37.50 (13.8% above fair value)
Industry Position: 43.4% above the Tobacco Products median (#19 of 24)
No single metric tells the full story. See the JAPAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
75GF Score
Get the complete analysis for JAPAF
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
JAPAF has been successfully added to your 