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KNOT Offshore Partners LP (NYSE:KNOP) 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 .
KNOT Offshore Partners LP Forward PE Ratio Related Terms
KNOT Offshore Partners LP 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.
KNOT Offshore Partners LP Forward PE Ratio Chart
KNOT Offshore Partners LP Annual Data
Trend
2015-12
2016-12
2017-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
7.30
11.52
9.51
8.73
31.95
12.49
6.71
KNOT Offshore Partners LP Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2022-12
2023-09
2023-12
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
7.30
8.37
9.75
11.15
11.52
12.02
11.55
11.09
9.51
9.08
10.16
8.73
15.87
31.95
48.78
19.96
12.49
10.57
7.49
9.01
6.71
7.20
KNOP vs SMC, IMPP, TORO: Forward PE Ratio Comparison
For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where KNOT Offshore Partners LP's Forward PE Ratio falls into.
KNOT Offshore Partners LP 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.
KNOT Offshore Partners LP (KNOP) has a Forward PE Ratio of 15.24 as of Jul. 29, 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 KNOT Offshore Partners LP and its competitors. According to the industry distribution chart, KNOT Offshore Partners LP ranks #352 out of 545 companies in the Oil & Gas industry, placing it in the top 64.6%.
Is KNOT Offshore Partners LP's Forward PE Ratio too high?
KNOT Offshore Partners LP's current Forward PE Ratio is 15.24. The Oil & Gas industry median Forward PE Ratio is 10.95. KNOT Offshore Partners LP's value of 15.24 is 39.2% above this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #352 out of 545 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, KNOT Offshore Partners LP has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's Forward PE Ratio compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #352 out of 545 companies for Forward PE Ratio. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median Forward PE Ratio is 10.95. KNOT Offshore Partners LP's value of 15.24 is 39.2% 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 10.95, based on 545 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. KNOT Offshore Partners LP's current Forward PE Ratio of 15.24 is 39.2% 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 KNOT Offshore Partners LP and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KNOT Offshore Partners LP's current Forward PE Ratio is 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (KNOP) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.09, compared to a current price of $10.24 — trading 26.6% above its estimated fair value. The current Forward PE Ratio is 15.24 and 39.2% above the Oil & Gas industry median of 10.95. KNOT Offshore Partners LP's overall GF Score™ is 61/100 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 KNOT Offshore Partners LP (KNOP), the current Forward PE Ratio is 15.24 as of Jul. 29, 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 KNOT Offshore Partners LP (KNOP) Overvalued in 2026?
Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued.
The current stock price of $10.24 is trading 26.6% above its estimated GF Value™ of $8.09.
GuruFocus considers KNOT Offshore Partners LP to be Modestly Overvalued.
Key valuation signals for KNOP:
Forward PE Ratio: 15.24
GF Value™: $8.09 vs. price of $10.24 (26.6% above fair value)
Industry Position: 39.2% above the Oil & Gas median (#352 of 545)
No single metric tells the full story. See the KNOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
61GF Score
Get the complete analysis for KNOP
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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