M3MTHRY +0.34%82 Forward PE Ratio is 22.16 as of Jul. 08, 2026. GuruFocus rates MTHRY with a GF Score™ of 82/100 and a GF Value™ of $7.89 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 314 Healthcare Providers & Services companies, M3 ranks worse than 60.83% on this metric.
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 .
M3 Forward PE Ratio Related Terms
M3 Forward PE Ratio Historical Data
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The historical data trend for M3'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.
M3 Forward PE Ratio Chart
M3 Annual Data
Trend
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
129.87
46.51
44.25
23.83
18.60
M3 Quarterly Data
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
149.25
169.49
129.87
103.09
111.11
60.98
46.51
49.02
50.00
47.62
44.25
41.67
36.23
27.17
19.47
23.83
28.91
32.28
25.40
18.60
MTHRY vs VEEV, BTSG, TEM: Forward PE Ratio Comparison
For the Health Information Services subindustry, M3'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.
M3 Forward PE Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, M3's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where M3'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.
M3 (MTHRY) has a Forward PE Ratio of 22.16 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 M3 and its competitors. According to the industry distribution chart, M3 ranks #191 out of 314 companies in the Healthcare Providers & Services industry, placing it in the top 60.8%.
Is M3's Forward PE Ratio too high?
M3's current Forward PE Ratio is 22.16. The Healthcare Providers & Services industry median Forward PE Ratio is 18.41. M3's value of 22.16 is 20.4% above this industry median. Based on the distribution chart, M3 ranks #191 out of 314 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, M3 has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M3's Forward PE Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, M3 ranks #191 out of 314 companies for Forward PE Ratio. This places M3 in the lower half of its industry. The industry median Forward PE Ratio is 18.41. M3's value of 22.16 is 20.4% 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 Healthcare Providers & Services company?
The median Forward PE Ratio among Healthcare Providers & Services companies is 18.41, based on 314 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. M3's current Forward PE Ratio of 22.16 is 20.4% 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 M3 and its competitors. For the Healthcare Providers & Services industry, the median Forward PE Ratio is 18.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M3's current Forward PE Ratio is 22.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M3 stock overvalued right now?
Based on GuruFocus' analysis, M3 (MTHRY) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.89, compared to a current price of $5.85 — trading 25.9% below its estimated fair value. The current Forward PE Ratio is 22.16 and 20.4% above the Healthcare Providers & Services industry median of 18.41. M3's overall GF Score™ is 82/100 with 3 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 M3 (MTHRY), the current Forward PE Ratio is 22.16 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 M3 (MTHRY) Overvalued in 2026?
Based on GuruFocus' analysis, M3 stock appears to be undervalued.
The current stock price of $5.85 is trading 25.9% below its estimated GF Value™ of $7.89.
GuruFocus considers M3 to be Modestly Undervalued.
Key valuation signals for MTHRY:
Forward PE Ratio: 22.16
GF Value™: $7.89 vs. price of $5.85 (25.9% below fair value)
Industry Position: 20.4% above the Healthcare Providers & Services median (#191 of 314)
No single metric tells the full story. See the MTHRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain.
82GF Score
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