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Novatek Microelectronics (TPE:3034) 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 .
Novatek Microelectronics Forward PE Ratio Related Terms
Novatek Microelectronics 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.
Novatek Microelectronics Forward PE Ratio Chart
Novatek Microelectronics Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
12.33
12.63
11.89
12.32
16.18
16.26
8.50
11.31
12.50
14.39
12.91
Novatek Microelectronics Quarterly Data
2015-12
2016-03
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
12.33
11.06
12.17
12.61
12.63
14.49
16.16
12.41
11.89
14.29
15.11
13.26
12.32
15.80
12.61
12.71
16.18
10.96
14.66
13.91
16.26
16.75
9.70
6.95
8.50
6.60
5.27
7.47
11.31
14.12
11.66
10.58
12.50
14.39
15.56
15.48
13.63
12.91
14.90
TPE:3034 vs NVDA, AVGO, MU: Forward PE Ratio Comparison
For the Semiconductors subindustry, Novatek Microelectronics'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.
Novatek Microelectronics Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Novatek Microelectronics's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Novatek Microelectronics's Forward PE Ratio falls into.
Novatek Microelectronics 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.
Novatek Microelectronics (TPE:3034) has a Forward PE Ratio of 17.78 as of Aug. 05, 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 Novatek Microelectronics and its competitors. According to the industry distribution chart, Novatek Microelectronics ranks #165 out of 550 companies in the Semiconductors industry, placing it in the top 30%.
Is Novatek Microelectronics' Forward PE Ratio too high?
Novatek Microelectronics' current Forward PE Ratio is 17.78. The Semiconductors industry median Forward PE Ratio is 30.10. Novatek Microelectronics' value of 17.78 is 40.9% below this industry median. Based on the distribution chart, Novatek Microelectronics ranks #165 out of 550 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Novatek Microelectronics has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Novatek Microelectronics' Forward PE Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Novatek Microelectronics ranks #165 out of 550 companies for Forward PE Ratio. This puts Novatek Microelectronics in the upper half of its industry. The industry median Forward PE Ratio is 30.10. Novatek Microelectronics' value of 17.78 is 40.9% 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 Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 30.10, based on 550 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. Novatek Microelectronics's current Forward PE Ratio of 17.78 is 40.9% 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 Novatek Microelectronics and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 30.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatek Microelectronics's current Forward PE Ratio is 17.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatek Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Novatek Microelectronics (TPE:3034) is currently considered Fairly Valued. The stock's GF Value™ is NT$491.70, compared to a current price of NT$524.00 — trading 6.6% above its estimated fair value. The current Forward PE Ratio is 17.78 and 40.9% below the Semiconductors industry median of 30.10. Novatek Microelectronics' overall GF Score™ is 92/100 with 9 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 Novatek Microelectronics (TPE:3034), the current Forward PE Ratio is 17.78 as of Aug. 05, 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 Novatek Microelectronics (TPE:3034) Overvalued in 2026?
Based on GuruFocus' analysis, Novatek Microelectronics stock appears to be overvalued.
The current stock price of NT$524.00 is trading 6.6% above its estimated GF Value™ of NT$491.70.
GuruFocus considers Novatek Microelectronics to be Fairly Valued.
Key valuation signals for TPE:3034:
Forward PE Ratio: 17.78
GF Value™: NT$491.70 vs. price of NT$524.00 (6.6% above fair value)
Industry Position: 40.9% below the Semiconductors median (#165 of 550)
No single metric tells the full story. See the TPE:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatek Microelectronics Corp is mainly engaged in researching, developing, manufacturing and sales of integrated circuit chips speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP and system. Its products include Large-sized driver IC, Medium-sized driver IC, and Small-sized driver IC. The revenue of the company comes from flat panel display and integrated circuit design products.
92GF Score
Get the complete analysis for TPE:3034
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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