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FindexTSE:3649 -1.28%94 Forward PE Ratio is 15.61 as of Aug. 30, 2026. GuruFocus rates TSE:3649 with a GF Score™ of 94/100 and a GF Value™ of 円929.23 (Fairly Valued). The stock has 1 warning sign investors should review. Among 315 Healthcare Providers & Services companies, Findex ranks better than 64.44% on this metric.
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 .
Findex Forward PE Ratio Related Terms
Findex Forward PE Ratio Historical Data
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The historical data trend for Findex'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.
Findex Forward PE Ratio Chart
Findex Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
16.62
16.21
Findex Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
16.62
16.54
16.29
16.26
16.21
16.40
14.61
TSE:3649 vs VEEV, BTSG, HQY: Forward PE Ratio Comparison
For the Health Information Services subindustry, Findex'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.
Findex Forward PE Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Findex's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Findex'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.
Findex (TSE:3649) has a Forward PE Ratio of 15.61 as of Aug. 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 Findex and its competitors. According to the industry distribution chart, Findex ranks #112 out of 315 companies in the Healthcare Providers & Services industry, placing it in the top 35.6%.
Is Findex's Forward PE Ratio too high?
Findex's current Forward PE Ratio is 15.61. The Healthcare Providers & Services industry median Forward PE Ratio is 19.12. Findex's value of 15.61 is 18.4% below this industry median. Based on the distribution chart, Findex ranks #112 out of 315 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Findex has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Findex's Forward PE Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Findex ranks #112 out of 315 companies for Forward PE Ratio. This puts Findex in the upper half of its industry. The industry median Forward PE Ratio is 19.12. Findex's value of 15.61 is 18.4% 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 Healthcare Providers & Services company?
The median Forward PE Ratio among Healthcare Providers & Services companies is 19.12, based on 315 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. Findex's current Forward PE Ratio of 15.61 is 18.4% 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 Findex and its competitors. For the Healthcare Providers & Services industry, the median Forward PE Ratio is 19.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Findex's current Forward PE Ratio is 15.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Findex stock overvalued right now?
Based on GuruFocus' analysis, Findex (TSE:3649) is currently considered Fairly Valued. The stock's GF Value™ is 円929.23, compared to a current price of 円851.00 — trading 8.4% below its estimated fair value. The current Forward PE Ratio is 15.61 and 18.4% below the Healthcare Providers & Services industry median of 19.12. Findex's overall GF Score™ is 94/100 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 Findex (TSE:3649), the current Forward PE Ratio is 15.61 as of Aug. 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 Findex (TSE:3649) Overvalued in 2026?
Based on GuruFocus' analysis, Findex stock appears to be undervalued.
The current stock price of 円851.00 is trading 8.4% below its estimated GF Value™ of 円929.23.
GuruFocus considers Findex to be Fairly Valued.
Key valuation signals for TSE:3649:
Forward PE Ratio: 15.61
GF Value™: 円929.23 vs. price of 円851.00 (8.4% below fair value)
Industry Position: 18.4% below the Healthcare Providers & Services median (#112 of 315)
No single metric tells the full story. See the TSE:3649 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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