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.
Matthews International (NAS:MATW) 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 .
Matthews International Forward PE Ratio Related Terms
Matthews International Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Matthews International'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.
Matthews International Forward PE Ratio Chart
Matthews International Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2025-09
Forward PE Ratio
16.64
15.27
11.48
9.83
23.03
Matthews International Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.45
14.03
14.51
16.64
21.05
18.35
15.02
15.27
13.68
12.63
13.18
11.48
9.68
9.29
8.98
9.83
11.15
15.43
13.53
32.70
23.03
35.11
31.53
MATW vs CODI, DLX, FBYD: Forward PE Ratio Comparison
For the Conglomerates subindustry, Matthews International'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.
Matthews International Forward PE Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Matthews International's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Matthews International's Forward PE Ratio falls into.
Matthews International 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.
Matthews International (MATW) has a Forward PE Ratio of 22.36 as of Jul. 31, 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 Matthews International and its competitors. According to the industry distribution chart, Matthews International ranks #168 out of 215 companies in the Conglomerates industry, placing it in the top 78.1%.
Is Matthews International's Forward PE Ratio too high?
Matthews International's current Forward PE Ratio is 22.36. The Conglomerates industry median Forward PE Ratio is 13.17. Matthews International's value of 22.36 is 69.8% above this industry median. Based on the distribution chart, Matthews International ranks #168 out of 215 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Matthews International has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matthews International's Forward PE Ratio compare to CODI and DLX?
According to the Conglomerates industry distribution chart, Matthews International ranks #168 out of 215 companies for Forward PE Ratio. This places Matthews International in the lower half of its industry. The industry median Forward PE Ratio is 13.17. Matthews International's value of 22.36 is 69.8% 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 Conglomerates company?
The median Forward PE Ratio among Conglomerates companies is 13.17, based on 215 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. Matthews International's current Forward PE Ratio of 22.36 is 69.8% 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 Matthews International and its competitors. For the Conglomerates industry, the median Forward PE Ratio is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matthews International's current Forward PE Ratio is 22.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matthews International stock overvalued right now?
Based on GuruFocus' analysis, Matthews International (MATW) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.15, compared to a current price of $27.62 — trading 61% above its estimated fair value. The current Forward PE Ratio is 22.36 and 69.8% above the Conglomerates industry median of 13.17. Matthews International's overall GF Score™ is 62/100 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 Matthews International (MATW), the current Forward PE Ratio is 22.36 as of Jul. 31, 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 Matthews International (MATW) Overvalued in 2026?
Based on GuruFocus' analysis, Matthews International stock appears to be overvalued.
The current stock price of $27.62 is trading 61% above its estimated GF Value™ of $17.15.
GuruFocus considers Matthews International to be Significantly Overvalued.
Key valuation signals for MATW:
Forward PE Ratio: 22.36
GF Value™: $17.15 vs. price of $27.62 (61% above fair value)
Industry Position: 69.8% above the Conglomerates median (#168 of 215)
No single metric tells the full story. See the MATW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matthews International Corp is a provider of memorialization products, industrial technologies and brand solutions. The company's segments are Memorialization, Industrial Technologies and Brand Solutions. The memorialization offerings include bronze and granite memorials, caskets, and cremation-related products and equipment for cemeteries and funeral homes. Its Industrial Technologies segment designs, manufactures, services, and sells custom energy storage systems and product identification and warehouse automation solutions. The Brand Solutions segment provides brand management, pre-media, printing plates and cylinders, imaging, digital asset management, merchandising displays, and marketing and design services. The majority of revenue is generated by Memorialization.
62GF Score
Get the complete analysis for MATW
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
MATW has been successfully added to your 
