Mayville Engineering Co (NYSE:MEC) 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 .
Mayville Engineering Co Forward PE Ratio Related Terms
Mayville Engineering Co 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.
Mayville Engineering Co Forward PE Ratio Chart
Mayville Engineering Co Annual Data
Trend
2019-12
2020-12
2024-12
2025-12
Forward PE Ratio
17.30
30.03
20.27
94.60
Mayville Engineering Co Quarterly Data
2019-09
2019-12
2020-03
2020-09
2020-12
2021-03
2021-06
2021-09
2024-12
2025-03
2025-06
2025-09
2025-12
Forward PE Ratio
10.81
17.30
10.47
18.62
30.03
33.00
36.10
23.20
20.27
23.86
29.98
16.61
94.60
MEC vs IIIN, RYZ, TG: Forward PE Ratio Comparison
For the Metal Fabrication subindustry, Mayville Engineering 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.
Mayville Engineering Co Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mayville Engineering Co's Forward PE Ratio falls into.
Mayville Engineering Co 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.
Mayville Engineering Co (MEC) has a Forward PE Ratio of 375.91 as of Jul. 08, 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 Mayville Engineering Co and its competitors. According to the industry distribution chart, Mayville Engineering Co ranks #1268 out of 1282 companies in the Industrial Products industry, placing it in the top 98.9%.
Is Mayville Engineering Co's Forward PE Ratio too high?
Mayville Engineering Co's current Forward PE Ratio is 375.91. The Industrial Products industry median Forward PE Ratio is 20.58. Mayville Engineering Co's value of 375.91 is 1727% above this industry median. Based on the distribution chart, Mayville Engineering Co ranks #1268 out of 1282 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mayville Engineering Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mayville Engineering Co's Forward PE Ratio compare to IIIN and RYZ?
According to the Industrial Products industry distribution chart, Mayville Engineering Co ranks #1268 out of 1282 companies for Forward PE Ratio. This places Mayville Engineering Co in the lower half of its industry. The industry median Forward PE Ratio is 20.58. Mayville Engineering Co's value of 375.91 is 1727% 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 Industrial Products company?
The median Forward PE Ratio among Industrial Products companies is 20.58, based on 1,282 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. Mayville Engineering Co's current Forward PE Ratio of 375.91 is 1727% 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 Mayville Engineering Co and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 20.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayville Engineering Co's current Forward PE Ratio is 375.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayville Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Mayville Engineering Co (MEC) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.50, compared to a current price of $33.08 — trading 113.4% above its estimated fair value. The current Forward PE Ratio is 375.91 and 1727% above the Industrial Products industry median of 20.58. Mayville Engineering Co's overall GF Score™ is 65/100 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 Mayville Engineering Co (MEC), the current Forward PE Ratio is 375.91 as of Jul. 08, 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 Mayville Engineering Co (MEC) Overvalued in 2026?
Based on GuruFocus' analysis, Mayville Engineering Co stock appears to be overvalued.
The current stock price of $33.08 is trading 113.4% above its estimated GF Value™ of $15.50.
GuruFocus considers Mayville Engineering Co to be Significantly Overvalued.
Key valuation signals for MEC:
Forward PE Ratio: 375.91
GF Value™: $15.50 vs. price of $33.08 (113.4% above fair value)
Industry Position: 1727% above the Industrial Products median (#1268 of 1282)
No single metric tells the full story. See the MEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayville Engineering Co Inc is involved in a manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
65GF Score
Get the complete analysis for MEC
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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