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National Bank Holdings (NYSE:NBHC) 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 .
National Bank Holdings Forward PE Ratio Related Terms
National Bank Holdings Forward PE Ratio Historical Data
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The historical data trend for National Bank Holdings'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.
National Bank Holdings Forward PE Ratio Chart
National Bank Holdings Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2024-12
2025-12
Forward PE Ratio
25.45
25.32
19.65
12.85
13.00
10.59
National Bank Holdings Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
25.45
16.23
28.41
21.05
25.32
28.25
31.55
21.01
19.65
16.61
20.33
16.03
12.85
13.57
14.88
13.16
13.00
12.05
12.50
10.72
10.59
11.40
13.04
NBHC vs OCFC, LOB, RBCAA: Forward PE Ratio Comparison
For the Banks - Regional subindustry, National Bank Holdings'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.
National Bank Holdings Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Holdings's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where National Bank Holdings's Forward PE Ratio falls into.
National Bank Holdings 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.
National Bank Holdings (NBHC) has a Forward PE Ratio of 10.40 as of Sep. 02, 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 National Bank Holdings and its competitors. According to the industry distribution chart, National Bank Holdings ranks #453 out of 817 companies in the Banks industry, placing it in the top 55.4%.
Is National Bank Holdings' Forward PE Ratio too high?
National Bank Holdings' current Forward PE Ratio is 10.40. The Banks industry median Forward PE Ratio is 9.93. National Bank Holdings' value of 10.40 is 4.7% above this industry median. Based on the distribution chart, National Bank Holdings ranks #453 out of 817 companies in the Banks industry, which is below the industry midpoint. Overall, National Bank Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Bank Holdings' Forward PE Ratio compare to OCFC and LOB?
According to the Banks industry distribution chart, National Bank Holdings ranks #453 out of 817 companies for Forward PE Ratio. This places National Bank Holdings in the lower half of its industry. The industry median Forward PE Ratio is 9.93. National Bank Holdings' value of 10.40 is 4.7% 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 Banks company?
The median Forward PE Ratio among Banks companies is 9.93, based on 817 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. National Bank Holdings's current Forward PE Ratio of 10.40 is 4.7% 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 National Bank Holdings and its competitors. For the Banks industry, the median Forward PE Ratio is 9.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Holdings's current Forward PE Ratio is 10.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Holdings stock overvalued right now?
Based on GuruFocus' analysis, National Bank Holdings (NBHC) is currently considered Fairly Valued. The stock's GF Value™ is $41.59, compared to a current price of $40.86 — trading 1.8% below its estimated fair value. The current Forward PE Ratio is 10.40 and 4.7% above the Banks industry median of 9.93. National Bank Holdings' overall GF Score™ is 62/100 with 1 warning sign 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 National Bank Holdings (NBHC), the current Forward PE Ratio is 10.40 as of Sep. 02, 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 National Bank Holdings (NBHC) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Holdings stock appears to be undervalued.
The current stock price of $40.86 is trading 1.8% below its estimated GF Value™ of $41.59.
GuruFocus considers National Bank Holdings to be Fairly Valued.
Key valuation signals for NBHC:
Forward PE Ratio: 10.40
GF Value™: $41.59 vs. price of $40.86 (1.8% below fair value)
Industry Position: 4.7% above the Banks median (#453 of 817)
No single metric tells the full story. See the NBHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
62GF Score
Get the complete analysis for NBHC
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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