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China Resources Microelectronics (SHSE:688396) 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 .
China Resources Microelectronics Forward PE Ratio Related Terms
China Resources Microelectronics 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.
China Resources Microelectronics Forward PE Ratio Chart
China Resources Microelectronics Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
34.36
27.93
22.78
42.29
54.08
China Resources Microelectronics Quarterly Data
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
Forward PE Ratio
37.31
59.88
38.61
34.36
30.77
30.03
22.88
27.93
34.48
29.85
28.57
22.78
42.29
43.67
56.99
50.33
54.08
44.11
SHSE:688396 vs NVDA, AVGO, MU: Forward PE Ratio Comparison
For the Semiconductors subindustry, China Resources Microelectronics'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.
China Resources Microelectronics Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Resources Microelectronics's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where China Resources Microelectronics's Forward PE Ratio falls into.
China Resources Microelectronics 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.
China Resources Microelectronics (SHSE:688396) has a Forward PE Ratio of 56.53 as of Aug. 20, 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 China Resources Microelectronics and its competitors. According to the industry distribution chart, China Resources Microelectronics ranks #407 out of 554 companies in the Semiconductors industry, placing it in the top 73.5%.
Is China Resources Microelectronics' Forward PE Ratio too high?
China Resources Microelectronics' current Forward PE Ratio is 56.53. The Semiconductors industry median Forward PE Ratio is 30.50. China Resources Microelectronics' value of 56.53 is 85.3% above this industry median. Based on the distribution chart, China Resources Microelectronics ranks #407 out of 554 companies in the Semiconductors industry, which is below the industry midpoint. Overall, China Resources Microelectronics has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' Forward PE Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Resources Microelectronics ranks #407 out of 554 companies for Forward PE Ratio. This places China Resources Microelectronics in the lower half of its industry. The industry median Forward PE Ratio is 30.50. China Resources Microelectronics' value of 56.53 is 85.3% 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 Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 30.50, based on 554 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. China Resources Microelectronics's current Forward PE Ratio of 56.53 is 85.3% 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 China Resources Microelectronics and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 30.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Microelectronics's current Forward PE Ratio is 56.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Fairly Valued. The stock's GF Value™ is ¥57.26, compared to a current price of ¥59.39 — trading 3.7% above its estimated fair value. The current Forward PE Ratio is 56.53 and 85.3% above the Semiconductors industry median of 30.50. China Resources Microelectronics' overall GF Score™ is 85/100 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 China Resources Microelectronics (SHSE:688396), the current Forward PE Ratio is 56.53 as of Aug. 20, 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 China Resources Microelectronics (SHSE:688396) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued.
The current stock price of ¥59.39 is trading 3.7% above its estimated GF Value™ of ¥57.26.
GuruFocus considers China Resources Microelectronics to be Fairly Valued.
Key valuation signals for SHSE:688396:
Forward PE Ratio: 56.53
GF Value™: ¥57.26 vs. price of ¥59.39 (3.7% above fair value)
Industry Position: 85.3% above the Semiconductors median (#407 of 554)
No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
85GF Score
Get the complete analysis for SHSE:688396
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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