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Elite Material Co (TPE:2383) 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 .
Elite Material Co Forward PE Ratio Related Terms
Elite Material Co Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Elite Material Co'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.
Elite Material Co Forward PE Ratio Chart
Elite Material Co Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
19.64
27.02
Elite Material Co Quarterly Data
2018-06
2018-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
9.65
8.15
19.64
14.67
20.48
20.83
27.02
39.29
TPE:2383 vs APH, GLW, TEL: Forward PE Ratio Comparison
For the Electronic Components subindustry, Elite Material 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.
Elite Material Co Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Elite Material Co'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.
Elite Material Co (TPE:2383) has a Forward PE Ratio of 43.93 as of Aug. 03, 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 Elite Material Co and its competitors. According to the industry distribution chart, Elite Material Co ranks #819 out of 1021 companies in the Hardware industry, placing it in the top 80.2%.
Is Elite Material Co's Forward PE Ratio too high?
Elite Material Co's current Forward PE Ratio is 43.93. The Hardware industry median Forward PE Ratio is 20.67. Elite Material Co's value of 43.93 is 112.5% above this industry median. Based on the distribution chart, Elite Material Co ranks #819 out of 1021 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Elite Material Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's Forward PE Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #819 out of 1021 companies for Forward PE Ratio. This places Elite Material Co in the lower half of its industry. The industry median Forward PE Ratio is 20.67. Elite Material Co's value of 43.93 is 112.5% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 20.67, based on 1,021 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. Elite Material Co's current Forward PE Ratio of 43.93 is 112.5% 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 Elite Material Co and its competitors. For the Hardware industry, the median Forward PE Ratio is 20.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current Forward PE Ratio is 43.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,476.76, compared to a current price of NT$4,980.00 — trading 237.2% above its estimated fair value. The current Forward PE Ratio is 43.93 and 112.5% above the Hardware industry median of 20.67. Elite Material Co's overall GF Score™ is 77/100 with 2 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 Elite Material Co (TPE:2383), the current Forward PE Ratio is 43.93 as of Aug. 03, 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$4,980.00 is trading 237.2% above its estimated GF Value™ of NT$1,476.76.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
Forward PE Ratio: 43.93
GF Value™: NT$1,476.76 vs. price of NT$4,980.00 (237.2% above fair value)
Industry Position: 112.5% above the Hardware median (#819 of 1021)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
77GF Score
Get the complete analysis for TPE:2383
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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