Tomra Systems ASA (OTCPK:TMRAY) 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 .
Tomra Systems ASA Forward PE Ratio Related Terms
Tomra Systems ASA Forward PE Ratio Historical Data
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The historical data trend for Tomra Systems ASA'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.
Tomra Systems ASA Forward PE Ratio Chart
Tomra Systems ASA Annual Data
Trend
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
68.97
83.33
37.88
38.61
28.18
23.65
Tomra Systems ASA Quarterly Data
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
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
68.97
59.88
70.92
62.89
83.33
57.47
45.66
40.32
37.88
41.67
41.84
25.97
38.61
38.31
40.00
31.95
28.18
33.06
33.03
22.83
23.65
22.71
TMRAY vs WM, RSG, WCN: Forward PE Ratio Comparison
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Forward PE Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA'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.
Tomra Systems ASA (TMRAY) has a Forward PE Ratio of 24.44 as of Jul. 07, 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 Tomra Systems ASA and its competitors. According to the industry distribution chart, Tomra Systems ASA ranks #69 out of 94 companies in the Waste Management industry, placing it in the top 73.4%.
Is Tomra Systems ASA's Forward PE Ratio too high?
Tomra Systems ASA's current Forward PE Ratio is 24.44. The Waste Management industry median Forward PE Ratio is 15.78. Tomra Systems ASA's value of 24.44 is 54.9% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #69 out of 94 companies in the Waste Management industry, which is below the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Forward PE Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #69 out of 94 companies for Forward PE Ratio. This places Tomra Systems ASA in the lower half of its industry. The industry median Forward PE Ratio is 15.78. Tomra Systems ASA's value of 24.44 is 54.9% 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 Waste Management company?
The median Forward PE Ratio among Waste Management companies is 15.78, based on 94 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. Tomra Systems ASA's current Forward PE Ratio of 24.44 is 54.9% 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 Tomra Systems ASA and its competitors. For the Waste Management industry, the median Forward PE Ratio is 15.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Forward PE Ratio is 24.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.00, compared to a current price of $9.90 — trading 38.1% below its estimated fair value. The current Forward PE Ratio is 24.44 and 54.9% above the Waste Management industry median of 15.78. Tomra Systems ASA'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 Tomra Systems ASA (TMRAY), the current Forward PE Ratio is 24.44 as of Jul. 07, 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $9.90 is trading 38.1% below its estimated GF Value™ of $16.00.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
Forward PE Ratio: 24.44
GF Value™: $16.00 vs. price of $9.90 (38.1% below fair value)
Industry Position: 54.9% above the Waste Management median (#69 of 94)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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