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.
Thinking Electronic Industrial Co (TPE:2428) 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 .
Thinking Electronic Industrial Co Forward PE Ratio Related Terms
Thinking Electronic Industrial Co 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.
Thinking Electronic Industrial Co Forward PE Ratio Chart
Thinking Electronic Industrial Co Annual Data
Trend
2024-12
Forward PE Ratio
12.10
Thinking Electronic Industrial Co Quarterly Data
2024-12
2025-03
2025-06
Forward PE Ratio
12.10
11.94
10.50
TPE:2428 vs APH, GLW, TEL: Forward PE Ratio Comparison
For the Electronic Components subindustry, Thinking Electronic Industrial 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.
Thinking Electronic Industrial Co Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Thinking Electronic Industrial Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Thinking Electronic Industrial Co's Forward PE Ratio falls into.
Thinking Electronic Industrial Co 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.
Thinking Electronic Industrial Co (TPE:2428) has a Forward PE Ratio of 11.83 as of Aug. 08, 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 Thinking Electronic Industrial Co and its competitors. According to the industry distribution chart, Thinking Electronic Industrial Co ranks #188 out of 1021 companies in the Hardware industry, placing it in the top 18.4%.
Is Thinking Electronic Industrial Co's Forward PE Ratio too high?
Thinking Electronic Industrial Co's current Forward PE Ratio is 11.83. The Hardware industry median Forward PE Ratio is 22.05. Thinking Electronic Industrial Co's value of 11.83 is 46.3% below this industry median. Based on the distribution chart, Thinking Electronic Industrial Co ranks #188 out of 1021 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's Forward PE Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Thinking Electronic Industrial Co ranks #188 out of 1021 companies for Forward PE Ratio. This places Thinking Electronic Industrial Co in the top 18% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 22.05. Thinking Electronic Industrial Co's value of 11.83 is 46.3% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 22.05, 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. Thinking Electronic Industrial Co's current Forward PE Ratio of 11.83 is 46.3% 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 Thinking Electronic Industrial Co and its competitors. For the Hardware industry, the median Forward PE Ratio is 22.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Electronic Industrial Co's current Forward PE Ratio is 11.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$179.85, compared to a current price of NT$224.50 — trading 24.8% above its estimated fair value. The current Forward PE Ratio is 11.83 and 46.3% below the Hardware industry median of 22.05. Thinking Electronic Industrial Co's overall GF Score™ is 78/100 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 Thinking Electronic Industrial Co (TPE:2428), the current Forward PE Ratio is 11.83 as of Aug. 08, 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued.
The current stock price of NT$224.50 is trading 24.8% above its estimated GF Value™ of NT$179.85.
GuruFocus considers Thinking Electronic Industrial Co to be Modestly Overvalued.
Key valuation signals for TPE:2428:
Forward PE Ratio: 11.83
GF Value™: NT$179.85 vs. price of NT$224.50 (24.8% above fair value)
Industry Position: 46.3% below the Hardware median (#188 of 1021)
No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score
Get the complete analysis for TPE:2428
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
TPE:2428 has been successfully added to your 
