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Shandong Donghong Pipe Industry Co (SHSE:603856) 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 .
Shandong Donghong Pipe Industry Co Forward PE Ratio Related Terms
Shandong Donghong Pipe Industry 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.
Shandong Donghong Pipe Industry Co Forward PE Ratio Chart
Shandong Donghong Pipe Industry Co Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
13.18
16.92
Shandong Donghong Pipe Industry Co Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
13.18
12.97
15.99
18.63
16.92
17.39
20.41
SHSE:603856 vs TT, JCI, CARR: Forward PE Ratio Comparison
For the Building Products & Equipment subindustry, Shandong Donghong Pipe Industry 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.
Shandong Donghong Pipe Industry Co Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, Shandong Donghong Pipe Industry Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Shandong Donghong Pipe Industry Co's Forward PE Ratio falls into.
Shandong Donghong Pipe Industry 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.
Shandong Donghong Pipe Industry Co (SHSE:603856) has a Forward PE Ratio of 14.85 as of Sep. 04, 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 Shandong Donghong Pipe Industry Co and its competitors. According to the industry distribution chart, Shandong Donghong Pipe Industry Co ranks #402 out of 650 companies in the Construction industry, placing it in the top 61.8%.
Is Shandong Donghong Pipe Industry Co's Forward PE Ratio too high?
Shandong Donghong Pipe Industry Co's current Forward PE Ratio is 14.85. The Construction industry median Forward PE Ratio is 12.62. Shandong Donghong Pipe Industry Co's value of 14.85 is 17.7% above this industry median. Based on the distribution chart, Shandong Donghong Pipe Industry Co ranks #402 out of 650 companies in the Construction industry, which is below the industry midpoint. Overall, Shandong Donghong Pipe Industry Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Donghong Pipe Industry Co's Forward PE Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Shandong Donghong Pipe Industry Co ranks #402 out of 650 companies for Forward PE Ratio. This places Shandong Donghong Pipe Industry Co in the lower half of its industry. The industry median Forward PE Ratio is 12.62. Shandong Donghong Pipe Industry Co's value of 14.85 is 17.7% 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 Construction company?
The median Forward PE Ratio among Construction companies is 12.62, based on 650 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. Shandong Donghong Pipe Industry Co's current Forward PE Ratio of 14.85 is 17.7% 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 Shandong Donghong Pipe Industry Co and its competitors. For the Construction industry, the median Forward PE Ratio is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Donghong Pipe Industry Co's current Forward PE Ratio is 14.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Donghong Pipe Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co (SHSE:603856) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.50, compared to a current price of ¥11.73 — trading 23.5% above its estimated fair value. The current Forward PE Ratio is 14.85 and 17.7% above the Construction industry median of 12.62. Shandong Donghong Pipe Industry Co's overall GF Score™ is 80/100 with 5 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 Shandong Donghong Pipe Industry Co (SHSE:603856), the current Forward PE Ratio is 14.85 as of Sep. 04, 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 Shandong Donghong Pipe Industry Co (SHSE:603856) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co stock appears to be overvalued.
The current stock price of ¥11.73 is trading 23.5% above its estimated GF Value™ of ¥9.50.
GuruFocus considers Shandong Donghong Pipe Industry Co to be Modestly Overvalued.
Key valuation signals for SHSE:603856:
Forward PE Ratio: 14.85
GF Value™: ¥9.50 vs. price of ¥11.73 (23.5% above fair value)
Industry Position: 17.7% above the Construction median (#402 of 650)
No single metric tells the full story. See the SHSE:603856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Donghong Pipe Industry Co Ltd is engaged in the research and development, manufacturing and service of an intelligent pipeline system in China. Its products line includes steel mesh skeleton plastic composite pipes, super wear-resisting composite pipes, HDPE gas pipes, plastic-coated steel pipes, polyethylene pipes for underground coal mining, and other products.
80GF Score
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