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GigaDevice Semiconductor (SHSE:603986) 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 .
GigaDevice Semiconductor Forward PE Ratio Related Terms
GigaDevice Semiconductor 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.
GigaDevice Semiconductor Forward PE Ratio Chart
GigaDevice Semiconductor Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
31.75
64.52
62.50
42.92
32.15
49.75
42.78
64.21
GigaDevice Semiconductor Quarterly Data
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
2023-09
2023-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
31.75
53.48
88.50
52.08
64.52
80.65
95.24
79.37
62.50
52.08
70.92
47.17
42.92
34.97
31.06
25.58
32.15
38.17
47.85
54.95
49.75
42.78
46.69
53.49
57.69
64.21
69.20
90.47
SHSE:603986 vs NVDA, AVGO, MU: Forward PE Ratio Comparison
For the Semiconductors subindustry, GigaDevice Semiconductor'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.
GigaDevice Semiconductor Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GigaDevice Semiconductor's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where GigaDevice Semiconductor's Forward PE Ratio falls into.
GigaDevice Semiconductor 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.
GigaDevice Semiconductor (SHSE:603986) has a Forward PE Ratio of 19.84 as of Sep. 21, 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 GigaDevice Semiconductor and its competitors. According to the industry distribution chart, GigaDevice Semiconductor ranks #243 out of 568 companies in the Semiconductors industry, placing it in the top 42.8%.
Is GigaDevice Semiconductor's Forward PE Ratio too high?
GigaDevice Semiconductor's current Forward PE Ratio is 19.84. The Semiconductors industry median Forward PE Ratio is 23.14. GigaDevice Semiconductor's value of 19.84 is 14.3% below this industry median. Based on the distribution chart, GigaDevice Semiconductor ranks #243 out of 568 companies in the Semiconductors industry, which is above the industry midpoint. Overall, GigaDevice Semiconductor has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GigaDevice Semiconductor's Forward PE Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GigaDevice Semiconductor ranks #243 out of 568 companies for Forward PE Ratio. This puts GigaDevice Semiconductor in the upper half of its industry. The industry median Forward PE Ratio is 23.14. GigaDevice Semiconductor's value of 19.84 is 14.3% 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 a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 23.14, based on 568 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. GigaDevice Semiconductor's current Forward PE Ratio of 19.84 is 14.3% 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 GigaDevice Semiconductor and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 23.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GigaDevice Semiconductor's current Forward PE Ratio is 19.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GigaDevice Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, GigaDevice Semiconductor (SHSE:603986) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥311.12, compared to a current price of ¥391.71 — trading 25.9% above its estimated fair value. The current Forward PE Ratio is 19.84 and 14.3% below the Semiconductors industry median of 23.14. GigaDevice Semiconductor's overall GF Score™ is 86/100 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 GigaDevice Semiconductor (SHSE:603986), the current Forward PE Ratio is 19.84 as of Sep. 21, 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 GigaDevice Semiconductor (SHSE:603986) Overvalued in 2026?
Based on GuruFocus' analysis, GigaDevice Semiconductor stock appears to be overvalued.
The current stock price of ¥391.71 is trading 25.9% above its estimated GF Value™ of ¥311.12.
GuruFocus considers GigaDevice Semiconductor to be Modestly Overvalued.
Key valuation signals for SHSE:603986:
Forward PE Ratio: 19.84
GF Value™: ¥311.12 vs. price of ¥391.71 (25.9% above fair value)
Industry Position: 14.3% below the Semiconductors median (#243 of 568)
No single metric tells the full story. See the SHSE:603986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.
86GF Score
Get the complete analysis for SHSE:603986
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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