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.
Tractor Supply Co (LTS:0REL) 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 .
Tractor Supply Co Forward PE Ratio Related Terms
Tractor Supply Co Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Tractor Supply Co'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.
Tractor Supply Co Forward PE Ratio Chart
Tractor Supply Co Annual Data
Trend
2017-12
2024-12
2025-12
Forward PE Ratio
21.32
6.42
21.56
Tractor Supply Co Quarterly Data
2017-12
2018-03
2018-06
2018-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
21.32
19.46
18.80
16.95
6.42
6.41
24.33
24.17
21.56
21.50
LTS:0REL vs BBY, ULTA, DKS: Forward PE Ratio Comparison
For the Specialty Retail subindustry, Tractor Supply Co'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.
Tractor Supply Co Forward PE Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co'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.
Tractor Supply Co (LTS:0REL) has a Forward PE Ratio of 14.54 as of Jul. 24, 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 Tractor Supply Co and its competitors. According to the industry distribution chart, Tractor Supply Co ranks #251 out of 506 companies in the Retail - Cyclical industry, placing it in the top 49.6%.
Is Tractor Supply Co's Forward PE Ratio too high?
Tractor Supply Co's current Forward PE Ratio is 14.54. The Retail - Cyclical industry median Forward PE Ratio is 14.95. Tractor Supply Co's value of 14.54 is 2.7% below this industry median. Based on the distribution chart, Tractor Supply Co ranks #251 out of 506 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tractor Supply Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's Forward PE Ratio compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #251 out of 506 companies for Forward PE Ratio. This puts Tractor Supply Co in the upper half of its industry. The industry median Forward PE Ratio is 14.95. Tractor Supply Co's value of 14.54 is 2.7% 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 Retail - Cyclical company?
The median Forward PE Ratio among Retail - Cyclical companies is 14.95, based on 506 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. Tractor Supply Co's current Forward PE Ratio of 14.54 is 2.7% 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 Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Forward PE Ratio is 14.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Forward PE Ratio is 14.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (LTS:0REL) is currently considered Significantly Undervalued. The stock's GF Value™ is €48.33, compared to a current price of €25.88 — trading 46.5% below its estimated fair value. The current Forward PE Ratio is 14.54 and 2.7% below the Retail - Cyclical industry median of 14.95. Tractor Supply Co's overall GF Score™ is 83/100 with 4 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 Tractor Supply Co (LTS:0REL), the current Forward PE Ratio is 14.54 as of Jul. 24, 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 Tractor Supply Co (LTS:0REL) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of €25.88 is trading 46.5% below its estimated GF Value™ of €48.33.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for LTS:0REL:
Forward PE Ratio: 14.54
GF Value™: €48.33 vs. price of €25.88 (46.5% below fair value)
Industry Position: 2.7% below the Retail - Cyclical median (#251 of 506)
No single metric tells the full story. See the LTS:0REL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
83GF Score
Get the complete analysis for LTS:0REL
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
LTS:0REL has been successfully added to your 
