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.
TBS Holdings (TSE:9401) 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 .
TBS Holdings Forward PE Ratio Related Terms
TBS Holdings Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for TBS Holdings'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.
TBS Holdings Forward PE Ratio Chart
TBS Holdings Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
17.25
19.00
TBS Holdings Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
18.70
17.25
21.05
19.42
20.04
19.00
18.98
TSE:9401 vs NXST: Forward PE Ratio Comparison
For the Broadcasting subindustry, TBS Holdings'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.
TBS Holdings Forward PE Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TBS Holdings's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where TBS Holdings'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.
TBS Holdings (TSE:9401) has a Forward PE Ratio of 17.29 as of Aug. 13, 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 TBS Holdings and its competitors. According to the industry distribution chart, TBS Holdings ranks #230 out of 378 companies in the Media - Diversified industry, placing it in the top 60.8%.
Is TBS Holdings' Forward PE Ratio too high?
TBS Holdings' current Forward PE Ratio is 17.29. The Media - Diversified industry median Forward PE Ratio is 14.21. TBS Holdings' value of 17.29 is 21.7% above this industry median. Based on the distribution chart, TBS Holdings ranks #230 out of 378 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, TBS Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Forward PE Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, TBS Holdings ranks #230 out of 378 companies for Forward PE Ratio. This places TBS Holdings in the lower half of its industry. The industry median Forward PE Ratio is 14.21. TBS Holdings' value of 17.29 is 21.7% 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 Media - Diversified company?
The median Forward PE Ratio among Media - Diversified companies is 14.21, based on 378 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. TBS Holdings's current Forward PE Ratio of 17.29 is 21.7% 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 TBS Holdings and its competitors. For the Media - Diversified industry, the median Forward PE Ratio is 14.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current Forward PE Ratio is 17.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,875.14, compared to a current price of 円5,823.00 — trading 50.3% above its estimated fair value. The current Forward PE Ratio is 17.29 and 21.7% above the Media - Diversified industry median of 14.21. TBS Holdings' overall GF Score™ is 74/100 with 7 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 TBS Holdings (TSE:9401), the current Forward PE Ratio is 17.29 as of Aug. 13, 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 TBS Holdings (TSE:9401) Overvalued in 2026?
Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued.
The current stock price of 円5,823.00 is trading 50.3% above its estimated GF Value™ of 円3,875.14.
GuruFocus considers TBS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:9401:
Forward PE Ratio: 17.29
GF Value™: 円3,875.14 vs. price of 円5,823.00 (50.3% above fair value)
Industry Position: 21.7% above the Media - Diversified median (#230 of 378)
No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
74GF Score
Get the complete analysis for TSE:9401
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
TSE:9401 has been successfully added to your 
