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.
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 .
mBank Forward PE Ratio Related Terms
mBank Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for mBank'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.
mBank Forward PE Ratio Chart
mBank 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
14.03
13.26
15.82
14.01
11.79
12.56
11.14
6.82
7.94
5.39
10.73
mBank Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
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
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
14.03
14.68
12.20
13.26
13.26
15.82
14.64
12.95
14.49
14.01
14.25
14.93
11.51
11.79
6.76
24.75
11.43
12.56
14.12
16.67
13.53
11.14
10.88
6.68
4.62
6.82
7.06
6.43
5.87
7.94
9.35
5.39
8.79
8.49
8.69
10.73
11.26
WAR:MBK vs PNC: Forward PE Ratio Comparison
For the Banks - Regional subindustry, mBank'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.
mBank Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, mBank's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where mBank'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.
mBank (WAR:MBK) has a Forward PE Ratio of 14.15 as of Jul. 25, 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 mBank and its competitors. According to the industry distribution chart, mBank ranks #683 out of 818 companies in the Banks industry, placing it in the top 83.5%.
Is mBank's Forward PE Ratio too high?
mBank's current Forward PE Ratio is 14.15. The Banks industry median Forward PE Ratio is 11.22. mBank's value of 14.15 is 26.1% above this industry median. Based on the distribution chart, mBank ranks #683 out of 818 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, mBank has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does mBank's Forward PE Ratio compare to PNC?
According to the Banks industry distribution chart, mBank ranks #683 out of 818 companies for Forward PE Ratio. This places mBank in the lower half of its industry. The industry median Forward PE Ratio is 11.22. mBank's value of 14.15 is 26.1% 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 Banks company?
The median Forward PE Ratio among Banks companies is 11.22, based on 818 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. mBank's current Forward PE Ratio of 14.15 is 26.1% 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 mBank and its competitors. For the Banks industry, the median Forward PE Ratio is 11.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. mBank's current Forward PE Ratio is 14.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mBank stock overvalued right now?
Based on GuruFocus' analysis, mBank (WAR:MBK) is currently considered Significantly Overvalued. The stock's GF Value™ is zł729.95, compared to a current price of zł1,303.50 — trading 78.6% above its estimated fair value. The current Forward PE Ratio is 14.15 and 26.1% above the Banks industry median of 11.22. mBank's overall GF Score™ is 66/100 with 6 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 mBank (WAR:MBK), the current Forward PE Ratio is 14.15 as of Jul. 25, 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 mBank (WAR:MBK) Overvalued in 2026?
Based on GuruFocus' analysis, mBank stock appears to be overvalued.
The current stock price of zł1,303.50 is trading 78.6% above its estimated GF Value™ of zł729.95.
GuruFocus considers mBank to be Significantly Overvalued.
Key valuation signals for WAR:MBK:
Forward PE Ratio: 14.15
GF Value™: zł729.95 vs. price of zł1,303.50 (78.6% above fair value)
Industry Position: 26.1% above the Banks median (#683 of 818)
No single metric tells the full story. See the WAR:MBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment.
66GF Score
Get the complete analysis for WAR:MBK
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
WAR:MBK has been successfully added to your 
