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TTM Technologies (NAS:TTMI) 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 .
TTM Technologies Forward PE Ratio Related Terms
TTM Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for TTM Technologies'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.
TTM Technologies Forward PE Ratio Chart
TTM Technologies Annual Data
Trend
2015-12
2018-12
2024-12
2025-12
Forward PE Ratio
5.97
5.57
12.81
25.07
TTM Technologies Quarterly Data
2015-12
2018-06
2018-09
2018-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
5.97
11.92
9.20
5.57
12.81
10.44
18.68
21.47
25.07
30.06
TTMI vs FN, VICR, SANM: Forward PE Ratio Comparison
For the Electronic Components subindustry, TTM Technologies'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.
TTM Technologies Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, TTM Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where TTM Technologies'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.
TTM Technologies (TTMI) has a Forward PE Ratio of 36.66 as of Jul. 21, 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 TTM Technologies and its competitors. According to the industry distribution chart, TTM Technologies ranks #714 out of 1018 companies in the Hardware industry, placing it in the top 70.1%.
Is TTM Technologies' Forward PE Ratio too high?
TTM Technologies' current Forward PE Ratio is 36.66. The Hardware industry median Forward PE Ratio is 21.06. TTM Technologies' value of 36.66 is 74.1% above this industry median. Based on the distribution chart, TTM Technologies ranks #714 out of 1018 companies in the Hardware industry, which is below the industry midpoint. Overall, TTM Technologies has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TTM Technologies' Forward PE Ratio compare to FN and VICR?
According to the Hardware industry distribution chart, TTM Technologies ranks #714 out of 1018 companies for Forward PE Ratio. This places TTM Technologies in the lower half of its industry. The industry median Forward PE Ratio is 21.06. TTM Technologies' value of 36.66 is 74.1% 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 Hardware company?
The median Forward PE Ratio among Hardware companies is 21.06, based on 1,018 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. TTM Technologies's current Forward PE Ratio of 36.66 is 74.1% 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 TTM Technologies and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTM Technologies's current Forward PE Ratio is 36.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTM Technologies stock overvalued right now?
Based on GuruFocus' analysis, TTM Technologies (TTMI) is currently considered Significantly Overvalued. The stock's GF Value™ is $30.29, compared to a current price of $146.79 — trading 384.6% above its estimated fair value. The current Forward PE Ratio is 36.66 and 74.1% above the Hardware industry median of 21.06. TTM Technologies' overall GF Score™ is 76/100 with 2 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 TTM Technologies (TTMI), the current Forward PE Ratio is 36.66 as of Jul. 21, 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 TTM Technologies (TTMI) Overvalued in 2026?
Based on GuruFocus' analysis, TTM Technologies stock appears to be overvalued.
The current stock price of $146.79 is trading 384.6% above its estimated GF Value™ of $30.29.
GuruFocus considers TTM Technologies to be Significantly Overvalued.
Key valuation signals for TTMI:
Forward PE Ratio: 36.66
GF Value™: $30.29 vs. price of $146.79 (384.6% above fair value)
Industry Position: 74.1% above the Hardware median (#714 of 1018)
No single metric tells the full story. See the TTMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TTM Technologies Inc manufactures technology products, including mission systems, RF components, RF/microwave assemblies, and advanced interconnect products such as PCBs and substrates. It operates through three segments: A&D, Commercial, and RF&S Components. The A&D segment supports aerospace and defense missions with PCBs, assemblies, microelectronics, and integrated systems. The Commercial segment, generating the majority of revenue, serves automotive, medical, industrial, and data center markets. The RF&S Components segment provides TTM-designed RF components and COTS products. The Company's revenues come from PCBs, engineered systems, and long-term contracts for intelligence, surveillance, and communications solutions.
76GF Score
Get the complete analysis for TTMI
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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