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Pagaya Technologies (NAS:PGY) 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 .
Pagaya Technologies Forward PE Ratio Related Terms
Pagaya Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Pagaya Technologies'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.
Pagaya Technologies Forward PE Ratio Chart
Pagaya Technologies Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
23.20
14.07
Pagaya Technologies Quarterly Data
2023-03
2023-09
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
101.01
18.28
28.01
33.00
23.20
6.66
9.21
21.08
14.07
9.03
11.60
PGY vs PRGS, ATEN, EVTC: Forward PE Ratio Comparison
For the Software - Infrastructure subindustry, Pagaya Technologies'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.
Pagaya Technologies Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Pagaya Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Pagaya Technologies'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.
Pagaya Technologies (PGY) has a Forward PE Ratio of 12.80 as of Sep. 01, 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 Pagaya Technologies and its competitors. According to the industry distribution chart, Pagaya Technologies ranks #301 out of 1175 companies in the Software industry, placing it in the top 25.6%.
Is Pagaya Technologies' Forward PE Ratio too high?
Pagaya Technologies' current Forward PE Ratio is 12.80. The Software industry median Forward PE Ratio is 19.92. Pagaya Technologies' value of 12.80 is 35.7% below this industry median. Based on the distribution chart, Pagaya Technologies ranks #301 out of 1175 companies in the Software industry, which is above the industry midpoint. Overall, Pagaya Technologies has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pagaya Technologies' Forward PE Ratio compare to PRGS and ATEN?
According to the Software industry distribution chart, Pagaya Technologies ranks #301 out of 1175 companies for Forward PE Ratio. This puts Pagaya Technologies in the upper half of its industry. The industry median Forward PE Ratio is 19.92. Pagaya Technologies' value of 12.80 is 35.7% 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 Software company?
The median Forward PE Ratio among Software companies is 19.92, based on 1,175 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. Pagaya Technologies's current Forward PE Ratio of 12.80 is 35.7% 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 Pagaya Technologies and its competitors. For the Software industry, the median Forward PE Ratio is 19.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pagaya Technologies's current Forward PE Ratio is 12.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pagaya Technologies stock overvalued right now?
Based on GuruFocus' analysis, Pagaya Technologies (PGY) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.42, compared to a current price of $21.74 — trading 41% above its estimated fair value. The current Forward PE Ratio is 12.80 and 35.7% below the Software industry median of 19.92. Pagaya Technologies' overall GF Score™ is 77/100 with 6 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 Pagaya Technologies (PGY), the current Forward PE Ratio is 12.80 as of Sep. 01, 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 Pagaya Technologies (PGY) Overvalued in 2026?
Based on GuruFocus' analysis, Pagaya Technologies stock appears to be overvalued.
The current stock price of $21.74 is trading 41% above its estimated GF Value™ of $15.42.
GuruFocus considers Pagaya Technologies to be Significantly Overvalued.
Key valuation signals for PGY:
Forward PE Ratio: 12.80
GF Value™: $15.42 vs. price of $21.74 (41% above fair value)
Industry Position: 35.7% below the Software median (#301 of 1175)
No single metric tells the full story. See the PGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pagaya Technologies Ltd is a product-focused technology company. It uses machine learning, a vast data network, and an AI-driven approach to offer comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its suite of products includes Decline Monetization, Dual Look, First Look, Affiliate Optimizer Engine, Direct Marketing Engine, and FastPass, providing lenders with an AI-powered credit and acquisition ecosystem that helps them approve more borrowers, capture more demand, and grow without adding risk. Geographically, the company generates maximum revenue from its business in the United States.
77GF Score
Get the complete analysis for PGY
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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