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.
Zelluna ASAOSTO:ULTIO 29 Forward PE Ratio is 87.80 as of Jul. 21, 2026. GuruFocus rates OSTO:ULTIO with a GF Score™ of 29/100. The stock has 2 warning signs investors should review. Among 355 Biotechnology companies, Zelluna ASA ranks worse than 70.14% on this metric.
Zelluna ASA's Forward PE Ratio for today is 87.80.
Zelluna ASA (OSTO:ULTIo) 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 .
Zelluna ASA Forward PE Ratio Related Terms
Zelluna ASA Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Zelluna ASA'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.
Zelluna ASA Forward PE Ratio Chart
Zelluna ASA Annual Data
Trend
Forward PE Ratio
Zelluna ASA Quarterly Data
2025-09
Forward PE Ratio
87.80
OSTO:ULTIO vs VRTX, REGN, ALNY: Forward PE Ratio Comparison
For the Biotechnology subindustry, Zelluna ASA'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.
Zelluna ASA Forward PE Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Zelluna ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Zelluna ASA'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.
Zelluna ASA (OSTO:ULTIO) has a Forward PE Ratio of 87.80 as of Jul. 21, 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 Zelluna ASA and its competitors. According to the industry distribution chart, Zelluna ASA ranks #249 out of 355 companies in the Biotechnology industry, placing it in the top 70.1%.
Is Zelluna ASA's Forward PE Ratio too high?
Zelluna ASA's current Forward PE Ratio is 87.80. The Biotechnology industry median Forward PE Ratio is 22.24. Zelluna ASA's value of 87.80 is 294.8% above this industry median. Based on the distribution chart, Zelluna ASA ranks #249 out of 355 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Zelluna ASA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Zelluna ASA's Forward PE Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Zelluna ASA ranks #249 out of 355 companies for Forward PE Ratio. This places Zelluna ASA in the lower half of its industry. The industry median Forward PE Ratio is 22.24. Zelluna ASA's value of 87.80 is 294.8% 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 Biotechnology company?
The median Forward PE Ratio among Biotechnology companies is 22.24, based on 355 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. Zelluna ASA's current Forward PE Ratio of 87.80 is 294.8% 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 Zelluna ASA and its competitors. For the Biotechnology industry, the median Forward PE Ratio is 22.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zelluna ASA's current Forward PE Ratio is 87.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelluna ASA stock overvalued right now?
Zelluna ASA (OSTO:ULTIO) has a current Forward PE Ratio of 87.80. The current Forward PE Ratio is 87.80 and 294.8% above the Biotechnology industry median of 22.24. Zelluna ASA's overall GF Score™ is 29/100 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 Zelluna ASA (OSTO:ULTIO), the current Forward PE Ratio is 87.80 as of Jul. 21, 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.
Zelluna ASA is a biotechnology company established to eliminate solid cancers by unleashing the powerful elements of the immune system through pioneering the development of T cell receptor (TCR) guided natural killer (NK) cell therapies (TCR-NK). Its TCR-NK products are composed of healthy donor-derived NK cells that are genetically engineered to express a tumour-specific TCR that enable the TCR-NK cells to identify and eliminate cancer cells in the body of the patient. Its programme ZI-MA4-1, the first MAGE-A4-targeting TCR-NK therapy for solid tumours with high unmet medical need. Its other programmes include ZI-KL1-1, and ZI-PR-1.
29GF Score
Get the complete analysis for OSTO:ULTIO
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
OSTO:ULTIO has been successfully added to your 
