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Thomson ReutersTRI -9.58%77 Forward PE Ratio is 22.33 as of Aug. 05, 2026. GuruFocus rates TRI with a GF Score™ of 77/100 and a GF Value™ of $193.02 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 414 Business Services companies, Thomson Reuters ranks worse than 82.13% on this metric.
Thomson Reuters (NAS:TRI) 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 .
Thomson Reuters Forward PE Ratio Related Terms
Thomson Reuters Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Thomson Reuters'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.
Thomson Reuters Forward PE Ratio Chart
Thomson Reuters 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
16.37
18.83
16.34
38.02
35.59
39.53
49.26
35.71
39.22
40.37
29.90
Thomson Reuters 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
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.37
16.50
19.57
18.05
18.83
18.32
19.23
17.67
16.34
16.92
56.50
34.01
38.02
54.95
50.76
34.01
35.59
33.56
37.31
39.37
39.53
49.26
52.08
48.08
49.26
43.29
43.29
29.94
35.71
38.91
39.37
33.22
39.22
42.92
45.05
39.68
40.37
44.78
51.83
36.14
29.90
20.28
TRI vs CTAS, CPRT, GPN: Forward PE Ratio Comparison
For the Specialty Business Services subindustry, Thomson Reuters'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.
Thomson Reuters Forward PE Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Thomson Reuters's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Thomson Reuters'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.
Thomson Reuters (TRI) has a Forward PE Ratio of 22.33 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 Thomson Reuters and its competitors. According to the industry distribution chart, Thomson Reuters ranks #340 out of 414 companies in the Business Services industry, placing it in the top 82.1%.
Is Thomson Reuters' Forward PE Ratio too high?
Thomson Reuters' current Forward PE Ratio is 22.33. The Business Services industry median Forward PE Ratio is 13.20. Thomson Reuters' value of 22.33 is 69.2% above this industry median. Based on the distribution chart, Thomson Reuters ranks #340 out of 414 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Thomson Reuters has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thomson Reuters' Forward PE Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Thomson Reuters ranks #340 out of 414 companies for Forward PE Ratio. This places Thomson Reuters in the lower half of its industry. The industry median Forward PE Ratio is 13.20. Thomson Reuters' value of 22.33 is 69.2% 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 Business Services company?
The median Forward PE Ratio among Business Services companies is 13.20, based on 414 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. Thomson Reuters's current Forward PE Ratio of 22.33 is 69.2% 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 Thomson Reuters and its competitors. For the Business Services industry, the median Forward PE Ratio is 13.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Reuters's current Forward PE Ratio is 22.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Reuters stock overvalued right now?
Based on GuruFocus' analysis, Thomson Reuters (TRI) is currently considered Significantly Undervalued. The stock's GF Value™ is $193.02, compared to a current price of $98.61 — trading 48.9% below its estimated fair value. The current Forward PE Ratio is 22.33 and 69.2% above the Business Services industry median of 13.20. Thomson Reuters' overall GF Score™ is 77/100 with 1 warning sign 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 Thomson Reuters (TRI), the current Forward PE Ratio is 22.33 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 Thomson Reuters (TRI) Overvalued in 2026?
Based on GuruFocus' analysis, Thomson Reuters stock appears to be undervalued.
The current stock price of $98.61 is trading 48.9% below its estimated GF Value™ of $193.02.
GuruFocus considers Thomson Reuters to be Significantly Undervalued.
Key valuation signals for TRI:
Forward PE Ratio: 22.33
GF Value™: $193.02 vs. price of $98.61 (48.9% below fair value)
Industry Position: 69.2% above the Business Services median (#340 of 414)
No single metric tells the full story. See the TRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
77GF Score
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