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National CineMedia (NAS:NCMI) 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 CineMedia Forward PE Ratio Related Terms
National CineMedia Forward PE Ratio Historical Data
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The historical data trend for National CineMedia'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 CineMedia Forward PE Ratio Chart
National CineMedia Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2021-12
2023-12
2024-12
2025-12
Forward PE Ratio
27.32
31.06
22.12
12.95
15.87
35.09
46.08
29.64
43.56
National CineMedia 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
2019-12
2020-03
2020-09
2021-09
2021-12
2022-03
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-09
2025-12
2026-03
Forward PE Ratio
27.32
27.55
27.25
31.95
31.06
27.47
20.62
19.96
22.12
16.21
21.83
22.52
12.95
14.68
13.97
17.39
15.87
6.53
13.05
28.57
35.09
120.48
46.08
57.14
39.84
32.68
29.64
130.47
42.18
43.56
45.37
NCMI vs ADV, NEXN, TSQ: Forward PE Ratio Comparison
For the Advertising Agencies subindustry, National CineMedia'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 CineMedia Forward PE Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where National CineMedia'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.
National CineMedia (NCMI) has a Forward PE Ratio of 122.12 as of Aug. 07, 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 CineMedia and its competitors. According to the industry distribution chart, National CineMedia ranks #362 out of 378 companies in the Media - Diversified industry, placing it in the top 95.8%.
Is National CineMedia's Forward PE Ratio too high?
National CineMedia's current Forward PE Ratio is 122.12. The Media - Diversified industry median Forward PE Ratio is 14.33. National CineMedia's value of 122.12 is 752.5% above this industry median. Based on the distribution chart, National CineMedia ranks #362 out of 378 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, National CineMedia has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Forward PE Ratio compare to ADV and NEXN?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #362 out of 378 companies for Forward PE Ratio. This places National CineMedia in the lower half of its industry. The industry median Forward PE Ratio is 14.33. National CineMedia's value of 122.12 is 752.5% 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 Media - Diversified company?
The median Forward PE Ratio among Media - Diversified companies is 14.33, based on 378 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 CineMedia's current Forward PE Ratio of 122.12 is 752.5% 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 CineMedia and its competitors. For the Media - Diversified industry, the median Forward PE Ratio is 14.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Forward PE Ratio is 122.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
Based on GuruFocus' analysis, National CineMedia (NCMI) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.50, compared to a current price of $4.03 — trading 10.6% below its estimated fair value. The current Forward PE Ratio is 122.12 and 752.5% above the Media - Diversified industry median of 14.33. National CineMedia's overall GF Score™ is 68/100 with 2 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 National CineMedia (NCMI), the current Forward PE Ratio is 122.12 as of Aug. 07, 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 CineMedia (NCMI) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of $4.03 is trading 10.6% below its estimated GF Value™ of $4.50.
GuruFocus considers National CineMedia to be Modestly Undervalued.
Key valuation signals for NCMI:
Forward PE Ratio: 122.12
GF Value™: $4.50 vs. price of $4.03 (10.6% below fair value)
Industry Position: 752.5% above the Media - Diversified median (#362 of 378)
No single metric tells the full story. See the NCMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
68GF Score
Get the complete analysis for NCMI
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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