Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Merchants Securities Asset Management Co.,Ltd (STU:195H) 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 Merchants Securities Asset Management Co.,Ltd Forward PE Ratio Related Terms
China Merchants Securities Asset Management Co.,Ltd 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 Merchants Securities Asset Management Co.,Ltd Forward PE Ratio Chart
China Merchants Securities Asset Management Co.,Ltd Annual Data
Trend
2020-12
2021-12
2022-12
2024-12
2025-12
Forward PE Ratio
8.05
7.08
5.04
12.44
8.69
China Merchants Securities Asset Management Co.,Ltd Semi-Annual Data
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
8.05
7.23
7.54
7.75
7.08
5.06
7.15
4.63
5.04
4.92
12.44
9.88
10.07
10.24
8.69
7.70
8.75
STU:195H vs MS, GS, SCHW: Forward PE Ratio Comparison
* 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 Merchants Securities Asset Management Co.,Ltd Forward PE Ratio vs Capital Markets Industry
China Merchants Securities Asset Management Co.,Ltd 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 Merchants Securities Asset Management Co.,Ltd (STU:195H) has a Forward PE Ratio of 7.26 as of Sep. 15, 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 Merchants Securities Asset Management Co.,Ltd and its competitors. According to the industry distribution chart, China Merchants Securities Asset Management Co.,Ltd ranks #40 out of 224 companies in the Capital Markets industry, placing it in the top 17.9%.
Is China Merchants Securities Asset Management Co.,Ltd's Forward PE Ratio too high?
China Merchants Securities Asset Management Co.,Ltd's current Forward PE Ratio is 7.26. The Capital Markets industry median Forward PE Ratio is 14.59. China Merchants Securities Asset Management Co.,Ltd's value of 7.26 is 50.2% below this industry median. Based on the distribution chart, China Merchants Securities Asset Management Co.,Ltd ranks #40 out of 224 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, China Merchants Securities Asset Management Co.,Ltd has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does China Merchants Securities Asset Management Co.,Ltd's Forward PE Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, China Merchants Securities Asset Management Co.,Ltd ranks #40 out of 224 companies for Forward PE Ratio. This places China Merchants Securities Asset Management Co.,Ltd in the top 18% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 14.59. China Merchants Securities Asset Management Co.,Ltd's value of 7.26 is 50.2% 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 Capital Markets company?
The median Forward PE Ratio among Capital Markets companies is 14.59, based on 224 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 Merchants Securities Asset Management Co.,Ltd's current Forward PE Ratio of 7.26 is 50.2% 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 China Merchants Securities Asset Management Co.,Ltd and its competitors. For the Capital Markets industry, the median Forward PE Ratio is 14.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Securities Asset Management Co.,Ltd's current Forward PE Ratio is 7.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Securities Asset Management Co.,Ltd stock overvalued right now?
China Merchants Securities Asset Management Co.,Ltd (STU:195H) has a current Forward PE Ratio of 7.26. The stock's GF Value™ is €2.77, compared to a current price of €1.56 — trading 43.7% below its estimated fair value. The current Forward PE Ratio is 7.26 and 50.2% below the Capital Markets industry median of 14.59. China Merchants Securities Asset Management Co.,Ltd's overall GF Score™ is 60/100 with 3 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 Merchants Securities Asset Management Co.,Ltd (STU:195H), the current Forward PE Ratio is 7.26 as of Sep. 15, 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 Merchants Securities Asset Management Co.,Ltd (STU:195H) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Securities Asset Management Co.,Ltd stock appears to be undervalued.
The current stock price of €1.56 is trading 43.7% below its estimated GF Value™ of €2.77.
Key valuation signals for STU:195H:
Forward PE Ratio: 7.26
GF Value™: €2.77 vs. price of €1.56 (43.7% below fair value)
Industry Position: 50.2% below the Capital Markets median (#40 of 224)
No single metric tells the full story. See the STU:195H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Securities Asset Management Co.,Ltd is a financial service provider. The company provides services like investment banking, financial advisory, equity underwriting, asset management, investment advisory, and trading equity securities, among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment, which generates key revenue, engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products.
60GF Score
Get the complete analysis for STU:195H
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:195H has been successfully added to your 
