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Offshore Oil Engineering Co (SHSE:600583) 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 .
Offshore Oil Engineering Co Forward PE Ratio Related Terms
Offshore Oil Engineering Co Forward PE Ratio Historical Data
* 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.
Offshore Oil Engineering Co Forward PE Ratio Chart
Offshore Oil Engineering Co Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2024-12
2025-12
Forward PE Ratio
24.51
74.07
29.41
27.93
34.25
10.78
9.77
Offshore Oil Engineering Co Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
34.36
29.24
33.78
24.51
32.36
37.88
49.75
74.07
34.72
33.11
30.12
29.41
32.47
34.01
31.95
27.93
28.01
27.47
25.13
34.25
34.60
33.00
10.78
10.99
10.09
9.28
9.77
11.91
SHSE:600583 vs SLB, BKR, FTI: Forward PE Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering Co'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.
Offshore Oil Engineering Co Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Forward PE Ratio falls into.
Offshore Oil Engineering Co 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.
Offshore Oil Engineering Co (SHSE:600583) has a Forward PE Ratio of 10.21 as of Aug. 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 Offshore Oil Engineering Co and its competitors. According to the industry distribution chart, Offshore Oil Engineering Co ranks #248 out of 547 companies in the Oil & Gas industry, placing it in the top 45.3%.
Is Offshore Oil Engineering Co's Forward PE Ratio too high?
Offshore Oil Engineering Co's current Forward PE Ratio is 10.21. The Oil & Gas industry median Forward PE Ratio is 10.90. Offshore Oil Engineering Co's value of 10.21 is 6.3% below this industry median. Based on the distribution chart, Offshore Oil Engineering Co ranks #248 out of 547 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Offshore Oil Engineering Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Forward PE Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Offshore Oil Engineering Co ranks #248 out of 547 companies for Forward PE Ratio. This puts Offshore Oil Engineering Co in the upper half of its industry. The industry median Forward PE Ratio is 10.90. Offshore Oil Engineering Co's value of 10.21 is 6.3% 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 Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.90, based on 547 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. Offshore Oil Engineering Co's current Forward PE Ratio of 10.21 is 6.3% 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 Offshore Oil Engineering Co and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current Forward PE Ratio is 10.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.67, compared to a current price of ¥5.45 — trading 3.9% below its estimated fair value. The current Forward PE Ratio is 10.21 and 6.3% below the Oil & Gas industry median of 10.90. Offshore Oil Engineering Co's overall GF Score™ is 84/100 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 Offshore Oil Engineering Co (SHSE:600583), the current Forward PE Ratio is 10.21 as of Aug. 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be undervalued.
The current stock price of ¥5.45 is trading 3.9% below its estimated GF Value™ of ¥5.67.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Forward PE Ratio: 10.21
GF Value™: ¥5.67 vs. price of ¥5.45 (3.9% below fair value)
Industry Position: 6.3% below the Oil & Gas median (#248 of 547)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
84GF Score
Get the complete analysis for SHSE:600583
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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