Mercury NZMGHTF +8.44%72 Forward PE Ratio is 24.83 as of Jul. 08, 2026. GuruFocus rates MGHTF with a GF Score™ of 72/100 and a GF Value™ of $3.98 (Fairly Valued). The stock has 11 warning signs investors should review. Among 204 Utilities - Independent Power Producers companies, Mercury NZ ranks worse than 73.04% on this metric.
Mercury NZ (OTCPK:MGHTF) 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 .
Mercury NZ Forward PE Ratio Related Terms
Mercury NZ Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Mercury NZ'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.
Mercury NZ Forward PE Ratio Chart
Mercury NZ Annual Data
Trend
2016-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
24.15
38.46
37.31
35.46
26.58
Mercury NZ Semi-Annual Data
2015-12
2016-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
23.47
24.15
47.17
38.46
51.02
37.31
31.95
35.46
34.95
26.58
24.72
Mercury NZ Forward PE Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Mercury NZ'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.
Mercury NZ Forward PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mercury NZ'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.
Mercury NZ (MGHTF) has a Forward PE Ratio of 24.83 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 Mercury NZ and its competitors. According to the industry distribution chart, Mercury NZ ranks #149 out of 204 companies in the Utilities - Independent Power Producers industry, placing it in the top 73%.
Is Mercury NZ's Forward PE Ratio too high?
Mercury NZ's current Forward PE Ratio is 24.83. The Utilities - Independent Power Producers industry median Forward PE Ratio is 14.88. Mercury NZ's value of 24.83 is 66.9% above this industry median. Based on the distribution chart, Mercury NZ ranks #149 out of 204 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Mercury NZ has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Forward PE Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mercury NZ ranks #149 out of 204 companies for Forward PE Ratio. This places Mercury NZ in the lower half of its industry. The industry median Forward PE Ratio is 14.88. Mercury NZ's value of 24.83 is 66.9% 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 Utilities - Independent Power Producers company?
The median Forward PE Ratio among Utilities - Independent Power Producers companies is 14.88, based on 204 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. Mercury NZ's current Forward PE Ratio of 24.83 is 66.9% 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 Mercury NZ and its competitors. For the Utilities - Independent Power Producers industry, the median Forward PE Ratio is 14.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury NZ's current Forward PE Ratio is 24.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Based on GuruFocus' analysis, Mercury NZ (MGHTF) is currently considered Fairly Valued. The stock's GF Value™ is $3.98, compared to a current price of $4.37 — trading 9.8% above its estimated fair value. The current Forward PE Ratio is 24.83 and 66.9% above the Utilities - Independent Power Producers industry median of 14.88. Mercury NZ's overall GF Score™ is 72/100 with 11 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 Mercury NZ (MGHTF), the current Forward PE Ratio is 24.83 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 Mercury NZ (MGHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued.
The current stock price of $4.37 is trading 9.8% above its estimated GF Value™ of $3.98.
GuruFocus considers Mercury NZ to be Fairly Valued.
Key valuation signals for MGHTF:
Forward PE Ratio: 24.83
GF Value™: $3.98 vs. price of $4.37 (9.8% above fair value)
Industry Position: 66.9% above the Utilities - Independent Power Producers median (#149 of 204)
No single metric tells the full story. See the MGHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
72GF Score
Get the complete analysis for MGHTF
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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