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Polaris Renewable Energy (TSX:PIF) 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 .
Polaris Renewable Energy Forward PE Ratio Related Terms
Polaris Renewable Energy 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.
Polaris Renewable Energy Forward PE Ratio Chart
Polaris Renewable Energy Annual Data
Trend
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
7.45
16.00
6.18
6.90
26.32
37.59
15.13
15.17
16.86
18.25
Polaris Renewable Energy Quarterly Data
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
2025-09
2025-12
2026-03
Forward PE Ratio
12.56
98.04
20.08
7.45
16.26
23.75
14.31
16.00
14.51
13.25
6.61
6.18
8.38
14.01
8.61
6.90
7.29
10.91
9.13
26.32
66.67
151.52
39.22
37.59
39.37
46.95
16.98
15.13
17.06
18.83
15.41
15.17
20.53
19.27
19.27
16.86
18.30
16.89
18.25
35.39
Polaris Renewable Energy Forward PE Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Polaris Renewable Energy'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.
Polaris Renewable Energy Forward PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Polaris Renewable Energy's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Polaris Renewable Energy's Forward PE Ratio falls into.
Polaris Renewable Energy 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.
Polaris Renewable Energy (TSX:PIF) has a Forward PE Ratio of 126.75 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 Polaris Renewable Energy and its competitors. According to the industry distribution chart, Polaris Renewable Energy ranks #202 out of 204 companies in the Utilities - Independent Power Producers industry, placing it in the top 99%.
Is Polaris Renewable Energy's Forward PE Ratio too high?
Polaris Renewable Energy's current Forward PE Ratio is 126.75. The Utilities - Independent Power Producers industry median Forward PE Ratio is 15.35. Polaris Renewable Energy's value of 126.75 is 725.7% above this industry median. Based on the distribution chart, Polaris Renewable Energy ranks #202 out of 204 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Polaris Renewable Energy has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polaris Renewable Energy's Forward PE Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Polaris Renewable Energy ranks #202 out of 204 companies for Forward PE Ratio. This places Polaris Renewable Energy in the lower half of its industry. The industry median Forward PE Ratio is 15.35. Polaris Renewable Energy's value of 126.75 is 725.7% 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 an Utilities - Independent Power Producers company?
The median Forward PE Ratio among Utilities - Independent Power Producers companies is 15.35, based on 204 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. Polaris Renewable Energy's current Forward PE Ratio of 126.75 is 725.7% 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 Polaris Renewable Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Forward PE Ratio is 15.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris Renewable Energy's current Forward PE Ratio is 126.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris Renewable Energy stock overvalued right now?
Based on GuruFocus' analysis, Polaris Renewable Energy (TSX:PIF) is currently considered Modestly Overvalued. The stock's GF Value™ is C$12.80, compared to a current price of C$15.52 — trading 21.3% above its estimated fair value. The current Forward PE Ratio is 126.75 and 725.7% above the Utilities - Independent Power Producers industry median of 15.35. Polaris Renewable Energy's overall GF Score™ is 81/100 with 11 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 Polaris Renewable Energy (TSX:PIF), the current Forward PE Ratio is 126.75 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 Polaris Renewable Energy (TSX:PIF) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris Renewable Energy stock appears to be overvalued.
The current stock price of C$15.52 is trading 21.3% above its estimated GF Value™ of C$12.80.
GuruFocus considers Polaris Renewable Energy to be Modestly Overvalued.
Key valuation signals for TSX:PIF:
Forward PE Ratio: 126.75
GF Value™: C$12.80 vs. price of C$15.52 (21.3% above fair value)
Industry Position: 725.7% above the Utilities - Independent Power Producers median (#202 of 204)
No single metric tells the full story. See the TSX:PIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. The company has six reportable operating segments: 1) Nicaragua: It includes acquisition, exploration, development and operation of a geothermal project, 2) Peru: It includes acquisition, development and operation of hydroelectric projects, 3) Panama: It includes acquisition, development and operation of solar projects, 4) Dominican Republic: It includes acquisition, development and operation of solar projects, 5) Puerto Rico: It includes acquisition, development and operation of onshore wind farms, 6) Ecuador: It includes acquisition and operation of hydroelectric projects. The majority of revenue is derived from Nicaragua.
81GF Score
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