Tokyo Electron (OTCPK:TOELF) 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 .
Tokyo Electron Forward PE Ratio Related Terms
Tokyo Electron Forward PE Ratio Historical Data
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The historical data trend for Tokyo Electron'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.
Tokyo Electron Forward PE Ratio Chart
Tokyo Electron Annual Data
Trend
2017-03
2018-03
2019-03
2020-03
2021-03
2022-03
2023-03
2024-03
2025-03
2026-03
Forward PE Ratio
17.54
14.27
14.16
16.58
31.25
24.04
21.46
40.49
17.16
26.35
Tokyo Electron Quarterly Data
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
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
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
15.58
15.46
16.72
17.54
16.69
17.15
16.64
14.27
12.38
10.46
9.04
14.16
14.01
19.65
21.51
16.58
23.64
23.47
29.76
31.25
30.40
21.65
25.91
24.04
13.77
10.73
17.33
21.46
31.75
31.35
29.15
40.49
33.67
24.27
18.49
17.16
23.37
25.65
26.71
26.35
TOELF vs AMAT, LRCX, KLAC: Forward PE Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.
Tokyo Electron Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tokyo Electron'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.
Tokyo Electron (TOELF) has a Forward PE Ratio of 48.91 as of Jun. 30, 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 Tokyo Electron and its competitors. According to the industry distribution chart, Tokyo Electron ranks #319 out of 545 companies in the Semiconductors industry, placing it in the top 58.5%.
Is Tokyo Electron's Forward PE Ratio too high?
Tokyo Electron's current Forward PE Ratio is 48.91. The Semiconductors industry median Forward PE Ratio is 37.36. Tokyo Electron's value of 48.91 is 30.9% above this industry median. Based on the distribution chart, Tokyo Electron ranks #319 out of 545 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Tokyo Electron has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's Forward PE Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #319 out of 545 companies for Forward PE Ratio. This places Tokyo Electron in the lower half of its industry. The industry median Forward PE Ratio is 37.36. Tokyo Electron's value of 48.91 is 30.9% 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 Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 37.36, based on 545 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. Tokyo Electron's current Forward PE Ratio of 48.91 is 30.9% 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 Tokyo Electron and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 37.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electron's current Forward PE Ratio is 48.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $214.47, compared to a current price of $485.00 — trading 126.1% above its estimated fair value. The current Forward PE Ratio is 48.91 and 30.9% above the Semiconductors industry median of 37.36. Tokyo Electron's overall GF Score™ is 85/100 with 8 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 Tokyo Electron (TOELF), the current Forward PE Ratio is 48.91 as of Jun. 30, 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 Tokyo Electron (TOELF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of $485.00 is trading 126.1% above its estimated GF Value™ of $214.47.
GuruFocus considers Tokyo Electron to be Significantly Overvalued.
Key valuation signals for TOELF:
Forward PE Ratio: 48.91
GF Value™: $214.47 vs. price of $485.00 (126.1% above fair value)
Industry Position: 30.9% above the Semiconductors median (#319 of 545)
No single metric tells the full story. See the TOELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
85GF Score
Get the complete analysis for TOELF
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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