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Diversified Royalty (TSX:DIV) 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 .
Diversified Royalty Forward PE Ratio Related Terms
Diversified Royalty Forward PE Ratio Historical Data
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The historical data trend for Diversified Royalty'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.
Diversified Royalty Forward PE Ratio Chart
Diversified Royalty 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
11.95
18.35
19.23
15.46
16.42
14.88
18.18
15.80
13.00
15.13
16.53
Diversified Royalty 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
11.95
13.53
11.12
14.43
18.35
19.61
19.92
15.95
19.23
17.57
20.45
17.12
15.46
20.08
20.53
15.36
16.42
9.51
12.95
11.53
14.88
16.84
17.79
17.04
18.18
19.88
14.86
16.84
15.80
15.24
14.56
14.22
13.00
16.16
14.27
14.90
15.13
12.93
15.52
16.44
16.53
17.94
TSX:DIV vs CTAS, CPRT, ULS: Forward PE Ratio Comparison
For the Specialty Business Services subindustry, Diversified Royalty'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.
Diversified Royalty Forward PE Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Diversified Royalty's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Diversified Royalty'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.
Diversified Royalty (TSX:DIV) has a Forward PE Ratio of 19.82 as of Jul. 17, 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 Diversified Royalty and its competitors. According to the industry distribution chart, Diversified Royalty ranks #315 out of 415 companies in the Business Services industry, placing it in the top 75.9%.
Is Diversified Royalty's Forward PE Ratio too high?
Diversified Royalty's current Forward PE Ratio is 19.82. The Business Services industry median Forward PE Ratio is 13.06. Diversified Royalty's value of 19.82 is 51.8% above this industry median. Based on the distribution chart, Diversified Royalty ranks #315 out of 415 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Diversified Royalty has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diversified Royalty's Forward PE Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Diversified Royalty ranks #315 out of 415 companies for Forward PE Ratio. This places Diversified Royalty in the lower half of its industry. The industry median Forward PE Ratio is 13.06. Diversified Royalty's value of 19.82 is 51.8% 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 13.06, based on 415 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. Diversified Royalty's current Forward PE Ratio of 19.82 is 51.8% 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 Diversified Royalty and its competitors. For the Business Services industry, the median Forward PE Ratio is 13.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diversified Royalty's current Forward PE Ratio is 19.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diversified Royalty stock overvalued right now?
Based on GuruFocus' analysis, Diversified Royalty (TSX:DIV) is currently considered Modestly Overvalued. The stock's GF Value™ is C$3.69, compared to a current price of C$4.46 — trading 20.9% above its estimated fair value. The current Forward PE Ratio is 19.82 and 51.8% above the Business Services industry median of 13.06. Diversified Royalty's overall GF Score™ is 85/100 with 10 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 Diversified Royalty (TSX:DIV), the current Forward PE Ratio is 19.82 as of Jul. 17, 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 Diversified Royalty (TSX:DIV) Overvalued in 2026?
Based on GuruFocus' analysis, Diversified Royalty stock appears to be overvalued.
The current stock price of C$4.46 is trading 20.9% above its estimated GF Value™ of C$3.69.
GuruFocus considers Diversified Royalty to be Modestly Overvalued.
Key valuation signals for TSX:DIV:
Forward PE Ratio: 19.82
GF Value™: C$3.69 vs. price of C$4.46 (20.9% above fair value)
Industry Position: 51.8% above the Business Services median (#315 of 415)
No single metric tells the full story. See the TSX:DIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The firm purchases trademarks of the companies it is going to acquire. Its objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.
85GF Score
Get the complete analysis for TSX:DIV
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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