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Mastech Digital (AMEX:MHH) 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 .
Mastech Digital Forward PE Ratio Related Terms
Mastech Digital Forward PE Ratio Historical Data
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The historical data trend for Mastech Digital'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.
Mastech Digital Forward PE Ratio Chart
Mastech Digital Annual Data
Trend
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
12.82
10.94
8.30
9.26
15.38
7.10
Mastech Digital Quarterly Data
2020-03
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
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
15.77
24.75
14.35
12.82
14.90
13.09
12.12
10.94
11.86
10.34
8.03
8.30
10.91
13.72
8.04
9.26
14.06
20.83
11.16
15.38
10.76
11.98
8.55
7.10
6.56
MHH vs ATLN, BGSF, NIXX: Forward PE Ratio Comparison
For the Staffing & Employment Services subindustry, Mastech Digital'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.
Mastech Digital Forward PE Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Mastech Digital's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mastech Digital'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.
Mastech Digital (MHH) has a Forward PE Ratio of 16.22 as of Jul. 18, 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 Mastech Digital and its competitors. According to the industry distribution chart, Mastech Digital ranks #273 out of 415 companies in the Business Services industry, placing it in the top 65.8%.
Is Mastech Digital's Forward PE Ratio too high?
Mastech Digital's current Forward PE Ratio is 16.22. The Business Services industry median Forward PE Ratio is 13.06. Mastech Digital's value of 16.22 is 24.2% above this industry median. Based on the distribution chart, Mastech Digital ranks #273 out of 415 companies in the Business Services industry, which is below the industry midpoint. Overall, Mastech Digital has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mastech Digital's Forward PE Ratio compare to ATLN and BGSF?
According to the Business Services industry distribution chart, Mastech Digital ranks #273 out of 415 companies for Forward PE Ratio. This places Mastech Digital in the lower half of its industry. The industry median Forward PE Ratio is 13.06. Mastech Digital's value of 16.22 is 24.2% 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 Business Services company?
The median Forward PE Ratio among Business Services companies is 13.06, based on 415 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. Mastech Digital's current Forward PE Ratio of 16.22 is 24.2% 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 Mastech Digital and its competitors. For the Business Services industry, the median Forward PE Ratio is 13.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mastech Digital's current Forward PE Ratio is 16.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mastech Digital stock overvalued right now?
Based on GuruFocus' analysis, Mastech Digital (MHH) is currently considered Fairly Valued. The stock's GF Value™ is $7.12, compared to a current price of $7.38 — trading 3.7% above its estimated fair value. The current Forward PE Ratio is 16.22 and 24.2% above the Business Services industry median of 13.06. Mastech Digital's overall GF Score™ is 69/100 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 Mastech Digital (MHH), the current Forward PE Ratio is 16.22 as of Jul. 18, 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 Mastech Digital (MHH) Overvalued in 2026?
Based on GuruFocus' analysis, Mastech Digital stock appears to be overvalued.
The current stock price of $7.38 is trading 3.7% above its estimated GF Value™ of $7.12.
GuruFocus considers Mastech Digital to be Fairly Valued.
Key valuation signals for MHH:
Forward PE Ratio: 16.22
GF Value™: $7.12 vs. price of $7.38 (3.7% above fair value)
Industry Position: 24.2% above the Business Services median (#273 of 415)
No single metric tells the full story. See the MHH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. The company derives a majority of its revenue from IT staffing services. Geographically, the majority of revenue is generated from the United States.
69GF Score
Get the complete analysis for MHH
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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