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Patrick Industries (NAS:PATK) 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 .
Patrick Industries Forward PE Ratio Related Terms
Patrick Industries Forward PE Ratio Historical Data
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The historical data trend for Patrick Industries'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.
Patrick Industries Forward PE Ratio Chart
Patrick Industries Annual Data
Trend
2023-12
2024-12
2025-12
Forward PE Ratio
10.87
15.80
20.49
Patrick Industries Quarterly Data
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
9.27
12.25
8.12
10.87
14.66
13.59
15.67
15.80
16.10
21.95
18.44
20.49
19.92
PATK vs HOG, LCII, THO: Forward PE Ratio Comparison
For the Recreational Vehicles subindustry, Patrick Industries'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.
Patrick Industries Forward PE Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Patrick Industries's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Patrick Industries'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.
Patrick Industries (PATK) has a Forward PE Ratio of 17.80 as of Jul. 14, 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 Patrick Industries and its competitors. According to the industry distribution chart, Patrick Industries ranks #392 out of 596 companies in the Vehicles & Parts industry, placing it in the top 65.8%.
Is Patrick Industries' Forward PE Ratio too high?
Patrick Industries' current Forward PE Ratio is 17.80. The Vehicles & Parts industry median Forward PE Ratio is 13.04. Patrick Industries' value of 17.80 is 36.6% above this industry median. Based on the distribution chart, Patrick Industries ranks #392 out of 596 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Patrick Industries has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patrick Industries' Forward PE Ratio compare to HOG and LCII?
According to the Vehicles & Parts industry distribution chart, Patrick Industries ranks #392 out of 596 companies for Forward PE Ratio. This places Patrick Industries in the lower half of its industry. The industry median Forward PE Ratio is 13.04. Patrick Industries' value of 17.80 is 36.6% 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 Vehicles & Parts company?
The median Forward PE Ratio among Vehicles & Parts companies is 13.04, based on 596 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. Patrick Industries's current Forward PE Ratio of 17.80 is 36.6% 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 Patrick Industries and its competitors. For the Vehicles & Parts industry, the median Forward PE Ratio is 13.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrick Industries's current Forward PE Ratio is 17.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrick Industries stock overvalued right now?
Based on GuruFocus' analysis, Patrick Industries (PATK) is currently considered Fairly Valued. The stock's GF Value™ is $86.26, compared to a current price of $84.28 — trading 2.3% below its estimated fair value. The current Forward PE Ratio is 17.80 and 36.6% above the Vehicles & Parts industry median of 13.04. Patrick Industries' overall GF Score™ is 70/100 with 7 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 Patrick Industries (PATK), the current Forward PE Ratio is 17.80 as of Jul. 14, 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 Patrick Industries (PATK) Overvalued in 2026?
Based on GuruFocus' analysis, Patrick Industries stock appears to be undervalued.
The current stock price of $84.28 is trading 2.3% below its estimated GF Value™ of $86.26.
GuruFocus considers Patrick Industries to be Fairly Valued.
Key valuation signals for PATK:
Forward PE Ratio: 17.80
GF Value™: $86.26 vs. price of $84.28 (2.3% below fair value)
Industry Position: 36.6% above the Vehicles & Parts median (#392 of 596)
No single metric tells the full story. See the PATK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrick Industries Inc is a component solutions provider for the recreational vehicle (RV), marine, powersports, manufactured housing (MH), and various industrial markets, including single and multi-family housing, hospitality, institutional, and commercial markets. The company operates within two reportable segments, Manufacturing and Distribution. The majority of its revenue is generated from the Manufacturing segment, which offers laminated products utilized to produce furniture, shelving, walls, and countertops; fabricated aluminum products; cabinet products, doors, components, and custom cabinetry; interior passage doors and baggage doors; RV and marine furniture, etc. Geographically, the company mainly operates in the United States, with a small presence in Mexico, China, and Canada.
70GF Score
Get the complete analysis for PATK
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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