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Pallas AirOHEL:PALLAS 45 Forward PE Ratio is 11.43 as of Aug. 20, 2026. GuruFocus rates OHEL:PALLAS with a GF Score™ of 45/100 and a GF Value™ of €1.10 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,025 Hardware companies, Pallas Air ranks better than 81.46% on this metric.
Pallas Air (OHEL:PALLAS) 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 .
Pallas Air Forward PE Ratio Related Terms
Pallas Air Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Pallas Air'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.
Pallas Air Forward PE Ratio Chart
Pallas Air Annual Data
Trend
2024-12
Forward PE Ratio
5.38
Pallas Air Semi-Annual Data
2024-12
Forward PE Ratio
5.38
OHEL:PALLAS vs AAPL: Forward PE Ratio Comparison
For the Consumer Electronics subindustry, Pallas Air'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.
Pallas Air Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Pallas Air'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.
Pallas Air (OHEL:PALLAS) has a Forward PE Ratio of 11.43 as of Aug. 20, 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 Pallas Air and its competitors. According to the industry distribution chart, Pallas Air ranks #190 out of 1025 companies in the Hardware industry, placing it in the top 18.5%.
Is Pallas Air's Forward PE Ratio too high?
Pallas Air's current Forward PE Ratio is 11.43. The Hardware industry median Forward PE Ratio is 21.63. Pallas Air's value of 11.43 is 47.2% below this industry median. Based on the distribution chart, Pallas Air ranks #190 out of 1025 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pallas Air has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's Forward PE Ratio compare to AAPL?
According to the Hardware industry distribution chart, Pallas Air ranks #190 out of 1025 companies for Forward PE Ratio. This places Pallas Air in the top 19% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 21.63. Pallas Air's value of 11.43 is 47.2% 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 a Hardware company?
The median Forward PE Ratio among Hardware companies is 21.63, based on 1,025 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. Pallas Air's current Forward PE Ratio of 11.43 is 47.2% 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 Pallas Air and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pallas Air's current Forward PE Ratio is 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €1.10, compared to a current price of €0.53 — trading 52.3% below its estimated fair value. The current Forward PE Ratio is 11.43 and 47.2% below the Hardware industry median of 21.63. Pallas Air's overall GF Score™ is 45/100 with 9 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 Pallas Air (OHEL:PALLAS), the current Forward PE Ratio is 11.43 as of Aug. 20, 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.53 is trading 52.3% below its estimated GF Value™ of €1.10.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
Forward PE Ratio: 11.43
GF Value™: €1.10 vs. price of €0.53 (52.3% below fair value)
Industry Position: 47.2% below the Hardware median (#190 of 1025)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
45GF Score
Get the complete analysis for OHEL:PALLAS
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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