Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asset PlusNZSE:APL -1.19%42 Forward PE Ratio is 16.80 as of Jul. 24, 2026. GuruFocus rates NZSE:APL with a GF Score™ of 42/100. The stock has 2 warning signs investors should review. Among 460 REITs companies, Asset Plus ranks worse than 50.87% on this metric.
Asset Plus (NZSE:APL) 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 .
Asset Plus Forward PE Ratio Related Terms
Asset Plus Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
Asset Plus Forward PE Ratio Chart
Asset Plus Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
19.10
18.40
Asset Plus Semi-Annual Data
2025-03
2025-09
2026-03
Forward PE Ratio
19.10
21.50
18.40
NZSE:APL vs VICI, WPC, BNL: Forward PE Ratio Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Asset Plus'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.
Asset Plus (NZSE:APL) has a Forward PE Ratio of 16.80 as of Jul. 24, 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 Asset Plus and its competitors. According to the industry distribution chart, Asset Plus ranks #234 out of 460 companies in the REITs industry, placing it in the top 50.9%.
Is Asset Plus' Forward PE Ratio too high?
Asset Plus' current Forward PE Ratio is 16.80. The REITs industry median Forward PE Ratio is 16.52. Asset Plus' value of 16.80 is 1.7% above this industry median. Based on the distribution chart, Asset Plus ranks #234 out of 460 companies in the REITs industry, which is below the industry midpoint. Overall, Asset Plus has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Forward PE Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #234 out of 460 companies for Forward PE Ratio. This places Asset Plus in the lower half of its industry. The industry median Forward PE Ratio is 16.52. Asset Plus' value of 16.80 is 1.7% 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 REITs company?
The median Forward PE Ratio among REITs companies is 16.52, based on 460 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. Asset Plus's current Forward PE Ratio of 16.80 is 1.7% 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 Asset Plus and its competitors. For the REITs industry, the median Forward PE Ratio is 16.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Forward PE Ratio is 16.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Asset Plus (NZSE:APL) has a current Forward PE Ratio of 16.80. The current Forward PE Ratio is 16.80 and 1.7% above the REITs industry median of 16.52. Asset Plus' overall GF Score™ is 42/100 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 Asset Plus (NZSE:APL), the current Forward PE Ratio is 16.80 as of Jul. 24, 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.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
42GF Score
Get the complete analysis for NZSE:APL
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:APL has been successfully added to your 
