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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 .
Keyence Forward PE Ratio Related Terms
Keyence Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Keyence'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.
Keyence Forward PE Ratio Chart
Keyence Annual Data
Trend
2021-03
2022-03
2023-03
2024-03
2025-03
2026-03
Forward PE Ratio
54.35
48.78
36.23
42.74
34.13
28.00
Keyence Quarterly Data
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
43.48
45.05
55.56
54.35
54.95
68.03
54.64
48.78
33.78
36.10
38.02
36.23
43.67
45.87
34.97
42.74
43.10
33.09
34.13
37.78
31.02
31.81
28.00
MEX:KEYN vs COHR, KEYS, GRMN: Forward PE Ratio Comparison
For the Scientific & Technical Instruments subindustry, Keyence'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.
Keyence Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Keyence's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Keyence'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.
Keyence (MEX:KEYN) has a Forward PE Ratio of 35.92 as of Aug. 10, 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 Keyence and its competitors. According to the industry distribution chart, Keyence ranks #740 out of 1021 companies in the Hardware industry, placing it in the top 72.5%.
Is Keyence's Forward PE Ratio too high?
Keyence's current Forward PE Ratio is 35.92. The Hardware industry median Forward PE Ratio is 21.75. Keyence's value of 35.92 is 65.1% above this industry median. Based on the distribution chart, Keyence ranks #740 out of 1021 companies in the Hardware industry, which is below the industry midpoint. Overall, Keyence has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keyence's Forward PE Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Keyence ranks #740 out of 1021 companies for Forward PE Ratio. This places Keyence in the lower half of its industry. The industry median Forward PE Ratio is 21.75. Keyence's value of 35.92 is 65.1% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 21.75, based on 1,021 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. Keyence's current Forward PE Ratio of 35.92 is 65.1% 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 Keyence and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyence's current Forward PE Ratio is 35.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyence stock overvalued right now?
Based on GuruFocus' analysis, Keyence (MEX:KEYN) is currently considered Fairly Valued. The stock's GF Value™ is MXN9,201.75, compared to a current price of MXN8,719.15 — trading 5.2% below its estimated fair value. The current Forward PE Ratio is 35.92 and 65.1% above the Hardware industry median of 21.75. Keyence's overall GF Score™ is 87/100 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 Keyence (MEX:KEYN), the current Forward PE Ratio is 35.92 as of Aug. 10, 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 Keyence (MEX:KEYN) Overvalued in 2026?
Based on GuruFocus' analysis, Keyence stock appears to be undervalued.
The current stock price of MXN8,719.15 is trading 5.2% below its estimated GF Value™ of MXN9,201.75.
GuruFocus considers Keyence to be Fairly Valued.
Key valuation signals for MEX:KEYN:
Forward PE Ratio: 35.92
GF Value™: MXN9,201.75 vs. price of MXN8,719.15 (5.2% below fair value)
Industry Position: 65.1% above the Hardware median (#740 of 1021)
No single metric tells the full story. See the MEX:KEYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyence Corporation, founded in May 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, began as Lead Electric Co., Ltd. before rebranding to Keyence (derived from "KEY of sciENCE") in 1986. As a global leader in industrial automation, the company designs and manufactures a comprehensive range of high-precision products, including sensors (photoelectric, laser, proximity), machine vision systems, measurement instruments (laser displacement sensors, 3D scanners), control systems (PLCs, HMIs), laser markers, digital microscopes, and safety equipment.
87GF Score
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