NetEaseNETTF -0.98%94 Forward PE Ratio is 12.66 as of Jun. 25, 2026. GuruFocus rates NETTF with a GF Score™ of 94/100 and a GF Value™ of $24.76 (Fairly Valued). Among 242 Interactive Media companies, NetEase ranks better than 53.72% on this metric.
NetEase (OTCPK:NETTF) 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 .
NetEase Forward PE Ratio Related Terms
NetEase Forward PE Ratio Historical Data
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The historical data trend for NetEase'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.
NetEase Forward PE Ratio Chart
NetEase Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
22.08
13.99
12.21
12.14
14.47
NetEase Quarterly Data
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
26.67
25.58
20.33
22.08
19.34
20.08
15.20
13.99
16.58
17.45
15.58
12.21
14.16
13.14
11.67
12.14
12.19
16.41
15.19
14.47
10.68
NETTF vs EA, TTWO, RBLX: Forward PE Ratio Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Forward PE Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase (NETTF) has a Forward PE Ratio of 12.66 as of Jun. 25, 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 NetEase and its competitors. According to the industry distribution chart, NetEase ranks #112 out of 242 companies in the Interactive Media industry, placing it in the top 46.3%.
Is NetEase's Forward PE Ratio too high?
NetEase's current Forward PE Ratio is 12.66. The Interactive Media industry median Forward PE Ratio is 12.79. NetEase's value of 12.66 is 1% below this industry median. Based on the distribution chart, NetEase ranks #112 out of 242 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Forward PE Ratio compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #112 out of 242 companies for Forward PE Ratio. This puts NetEase in the upper half of its industry. The industry median Forward PE Ratio is 12.79. NetEase's value of 12.66 is 1% below 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 Interactive Media company?
The median Forward PE Ratio among Interactive Media companies is 12.79, based on 242 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. NetEase's current Forward PE Ratio of 12.66 is 1% below 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 NetEase and its competitors. For the Interactive Media industry, the median Forward PE Ratio is 12.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Forward PE Ratio is 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $24.76, compared to a current price of $24.26 — trading 2% below its estimated fair value. The current Forward PE Ratio is 12.66 and 1% below the Interactive Media industry median of 12.79. NetEase's overall GF Score™ is 94/100. 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 NetEase (NETTF), the current Forward PE Ratio is 12.66 as of Jun. 25, 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 NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be undervalued.
The current stock price of $24.26 is trading 2% below its estimated GF Value™ of $24.76.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for NETTF:
Forward PE Ratio: 12.66
GF Value™: $24.76 vs. price of $24.26 (2% below fair value)
Industry Position: 1% below the Interactive Media median (#112 of 242)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
94GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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