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.
Runway Growth Finance (NAS:RWAY) 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 .
Runway Growth Finance Forward PE Ratio Related Terms
Runway Growth Finance Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Runway Growth Finance'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.
Runway Growth Finance Forward PE Ratio Chart
Runway Growth Finance Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
10.34
7.18
6.18
6.83
5.87
Runway Growth Finance Quarterly Data
2021-12
2022-03
2022-06
2022-09
2022-12
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
10.34
11.90
9.12
6.65
7.18
6.64
7.03
6.67
6.18
6.47
6.50
6.15
6.83
7.19
6.64
6.76
5.87
4.63
RWAY vs NPV, SRV, LIEN: Forward PE Ratio Comparison
For the Asset Management subindustry, Runway Growth Finance'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.
Runway Growth Finance Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Runway Growth Finance's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Runway Growth Finance's Forward PE Ratio falls into.
Runway Growth Finance Forward PE Ratio Calculation
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.
Runway Growth Finance (RWAY) has a Forward PE Ratio of 4.70 as of Jul. 15, 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 Runway Growth Finance and its competitors. According to the industry distribution chart, Runway Growth Finance ranks #29 out of 325 companies in the Asset Management industry, placing it in the top 8.9%.
Is Runway Growth Finance's Forward PE Ratio too high?
Runway Growth Finance's current Forward PE Ratio is 4.70. The Asset Management industry median Forward PE Ratio is 10.94. Runway Growth Finance's value of 4.70 is 57% below this industry median. Based on the distribution chart, Runway Growth Finance ranks #29 out of 325 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Runway Growth Finance has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Runway Growth Finance's Forward PE Ratio compare to NPV and SRV?
According to the Asset Management industry distribution chart, Runway Growth Finance ranks #29 out of 325 companies for Forward PE Ratio. This places Runway Growth Finance in the top 9% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 10.94. Runway Growth Finance's value of 4.70 is 57% 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 an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 10.94, based on 325 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. Runway Growth Finance's current Forward PE Ratio of 4.70 is 57% 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 Runway Growth Finance and its competitors. For the Asset Management industry, the median Forward PE Ratio is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Runway Growth Finance's current Forward PE Ratio is 4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Runway Growth Finance stock overvalued right now?
Based on GuruFocus' analysis, Runway Growth Finance (RWAY) is currently considered Possible Value Trap. The stock's GF Value™ is $10.35, compared to a current price of $5.77 — trading 44.3% below its estimated fair value. The current Forward PE Ratio is 4.70 and 57% below the Asset Management industry median of 10.94. Runway Growth Finance's overall GF Score™ is 58/100 with 4 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 Runway Growth Finance (RWAY), the current Forward PE Ratio is 4.70 as of Jul. 15, 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 Runway Growth Finance (RWAY) Overvalued in 2026?
Based on GuruFocus' analysis, Runway Growth Finance stock appears to be undervalued.
The current stock price of $5.77 is trading 44.3% below its estimated GF Value™ of $10.35.
GuruFocus considers Runway Growth Finance to be Possible Value Trap.
Key valuation signals for RWAY:
Forward PE Ratio: 4.70
GF Value™: $10.35 vs. price of $5.77 (44.3% below fair value)
Industry Position: 57% below the Asset Management median (#29 of 325)
No single metric tells the full story. See the RWAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Runway Growth Finance Corp is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company has Investments in the United States, Germany, and UK, Canada, Netherlands, with the majority of its portfolio invested in the United States. The company's investment objective is to maximize its total return to its stockholders through current income on its loan portfolio, and secondarily through capital gain on its warrants and other equity positions.
58GF Score
Get the complete analysis for RWAY
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
RWAY has been successfully added to your 
