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Smith Micro Software (NAS:SMSI) 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 .
Smith Micro Software Forward PE Ratio Related Terms
Smith Micro Software Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Smith Micro Software's Forward PE Ratio can be seen below:
* 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.
Smith Micro Software Forward PE Ratio Chart
Smith Micro Software Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2023-12
Forward PE Ratio
23.26
12.90
27.10
35.21
16.92
Smith Micro Software 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
2023-03
2023-09
2023-12
2024-09
Forward PE Ratio
23.26
31.15
30.40
19.08
12.90
11.72
16.37
13.04
27.10
38.91
66.23
16.21
35.21
238.10
7.33
16.92
7.92
SMSI vs TRSO, CINGF, KNRX: Forward PE Ratio Comparison
For the Software - Application subindustry, Smith Micro Software'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.
Smith Micro Software Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Smith Micro Software's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Smith Micro Software's Forward PE Ratio falls into.
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.
Smith Micro Software (SMSI) has a Forward PE Ratio of 7.65 as of Jul. 18, 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 Smith Micro Software and its competitors. According to the industry distribution chart, Smith Micro Software ranks #121 out of 1172 companies in the Software industry, placing it in the top 10.3%.
Is Smith Micro Software's Forward PE Ratio too high?
Smith Micro Software's current Forward PE Ratio is 7.65. The Software industry median Forward PE Ratio is 18.54. Smith Micro Software's value of 7.65 is 58.7% below this industry median. Based on the distribution chart, Smith Micro Software ranks #121 out of 1172 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Smith Micro Software has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smith Micro Software's Forward PE Ratio compare to TRSO and CINGF?
According to the Software industry distribution chart, Smith Micro Software ranks #121 out of 1172 companies for Forward PE Ratio. This places Smith Micro Software in the top 10% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 18.54. Smith Micro Software's value of 7.65 is 58.7% 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 Software company?
The median Forward PE Ratio among Software companies is 18.54, based on 1,172 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. Smith Micro Software's current Forward PE Ratio of 7.65 is 58.7% 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 Smith Micro Software and its competitors. For the Software industry, the median Forward PE Ratio is 18.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith Micro Software's current Forward PE Ratio is 7.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith Micro Software stock overvalued right now?
Based on GuruFocus' analysis, Smith Micro Software (SMSI) is currently considered Fairly Valued. The stock's GF Value™ is $2.38, compared to a current price of $2.59 — trading 8.8% above its estimated fair value. The current Forward PE Ratio is 7.65 and 58.7% below the Software industry median of 18.54. Smith Micro Software's overall GF Score™ is 63/100 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 Smith Micro Software (SMSI), the current Forward PE Ratio is 7.65 as of Jul. 18, 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 Smith Micro Software (SMSI) Overvalued in 2026?
Based on GuruFocus' analysis, Smith Micro Software stock appears to be overvalued.
The current stock price of $2.59 is trading 8.8% above its estimated GF Value™ of $2.38.
GuruFocus considers Smith Micro Software to be Fairly Valued.
Key valuation signals for SMSI:
Forward PE Ratio: 7.65
GF Value™: $2.38 vs. price of $2.59 (8.8% above fair value)
Industry Position: 58.7% below the Software median (#121 of 1172)
No single metric tells the full story. See the SMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smith Micro Software Inc provides software solutions that simplify and enhance the mobile experience to some of the wireless service providers around the globe. The company's solutions include SafePath product suite provides comprehensive and easy-to-use tools to protect family digital lifestyles and manage connected devices both inside and outside the home; CommSuite premium messaging platform helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, while monetizing a legacy cost-center; and ViewSpot its retail display management platform provided wireless carriers and retailers with a way to bring powerful on-screen, interactive demos to life. It operates in single segment: Wireless.
63GF Score
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