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Careray Digital Medical Technology Co (SHSE:688607) 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 .
Careray Digital Medical Technology Co Forward PE Ratio Related Terms
Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co Forward PE Ratio Chart
Careray Digital Medical Technology Co Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
32.88
85.42
Careray Digital Medical Technology Co Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
32.88
39.02
48.95
58.58
85.42
114.84
SHSE:688607 vs ABT, SYK, MDT: Forward PE Ratio Comparison
For the Medical Devices subindustry, Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co Forward PE Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Careray Digital Medical Technology Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Careray Digital Medical Technology Co's Forward PE Ratio falls into.
Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co (SHSE:688607) has a Forward PE Ratio of 198.91 as of Aug. 26, 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 Careray Digital Medical Technology Co and its competitors. According to the industry distribution chart, Careray Digital Medical Technology Co ranks #379 out of 391 companies in the Medical Devices & Instruments industry, placing it in the top 96.9%.
Is Careray Digital Medical Technology Co's Forward PE Ratio too high?
Careray Digital Medical Technology Co's current Forward PE Ratio is 198.91. The Medical Devices & Instruments industry median Forward PE Ratio is 20.38. Careray Digital Medical Technology Co's value of 198.91 is 876% above this industry median. Based on the distribution chart, Careray Digital Medical Technology Co ranks #379 out of 391 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Careray Digital Medical Technology Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Careray Digital Medical Technology Co's Forward PE Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Careray Digital Medical Technology Co ranks #379 out of 391 companies for Forward PE Ratio. This places Careray Digital Medical Technology Co in the lower half of its industry. The industry median Forward PE Ratio is 20.38. Careray Digital Medical Technology Co's value of 198.91 is 876% 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 Medical Devices & Instruments company?
The median Forward PE Ratio among Medical Devices & Instruments companies is 20.38, based on 391 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. Careray Digital Medical Technology Co's current Forward PE Ratio of 198.91 is 876% 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 Careray Digital Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Forward PE Ratio is 20.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Careray Digital Medical Technology Co's current Forward PE Ratio is 198.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Careray Digital Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co (SHSE:688607) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥31.73, compared to a current price of ¥40.38 — trading 27.3% above its estimated fair value. The current Forward PE Ratio is 198.91 and 876% above the Medical Devices & Instruments industry median of 20.38. Careray Digital Medical Technology Co's overall GF Score™ is 83/100 with 6 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 Careray Digital Medical Technology Co (SHSE:688607), the current Forward PE Ratio is 198.91 as of Aug. 26, 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 Careray Digital Medical Technology Co (SHSE:688607) Overvalued in 2026?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co stock appears to be overvalued.
The current stock price of ¥40.38 is trading 27.3% above its estimated GF Value™ of ¥31.73.
GuruFocus considers Careray Digital Medical Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688607:
Forward PE Ratio: 198.91
GF Value™: ¥31.73 vs. price of ¥40.38 (27.3% above fair value)
Industry Position: 876% above the Medical Devices & Instruments median (#379 of 391)
No single metric tells the full story. See the SHSE:688607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.
83GF Score
Get the complete analysis for SHSE:688607
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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