Merlin Properties SOCIMI (XMAD:MRL) 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 .
Merlin Properties SOCIMI Forward PE Ratio Related Terms
Merlin Properties SOCIMI 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.
Merlin Properties SOCIMI Forward PE Ratio Chart
Merlin Properties SOCIMI Annual Data
Trend
2016-12
2017-12
2018-12
2019-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
16.10
17.51
17.99
20.58
17.39
12.53
16.23
17.15
21.56
Merlin Properties SOCIMI 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
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
16.53
13.51
16.03
16.10
19.08
20.04
18.32
17.51
17.76
18.32
19.80
17.99
21.98
22.03
20.45
20.58
11.67
13.42
14.73
16.10
11.93
17.39
19.38
16.53
11.29
12.53
11.68
13.76
12.89
16.23
12.50
16.78
19.31
17.15
17.11
19.51
22.21
21.56
21.07
XMAD:MRL vs BXP, ARE, VNO: Forward PE Ratio Comparison
For the REIT - Office subindustry, Merlin Properties SOCIMI'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.
Merlin Properties SOCIMI Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI's Forward PE Ratio falls into.
Merlin Properties SOCIMI 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.
Merlin Properties SOCIMI (XMAD:MRL) has a Forward PE Ratio of 27.70 as of Jul. 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 Merlin Properties SOCIMI and its competitors. According to the industry distribution chart, Merlin Properties SOCIMI ranks #340 out of 461 companies in the REITs industry, placing it in the top 73.8%.
Is Merlin Properties SOCIMI's Forward PE Ratio too high?
Merlin Properties SOCIMI's current Forward PE Ratio is 27.70. The REITs industry median Forward PE Ratio is 16.30. Merlin Properties SOCIMI's value of 27.70 is 69.9% above this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #340 out of 461 companies in the REITs industry, which is below the industry midpoint. Overall, Merlin Properties SOCIMI has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Forward PE Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #340 out of 461 companies for Forward PE Ratio. This places Merlin Properties SOCIMI in the lower half of its industry. The industry median Forward PE Ratio is 16.30. Merlin Properties SOCIMI's value of 27.70 is 69.9% 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 REITs company?
The median Forward PE Ratio among REITs companies is 16.30, based on 461 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. Merlin Properties SOCIMI's current Forward PE Ratio of 27.70 is 69.9% 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 Merlin Properties SOCIMI and its competitors. For the REITs industry, the median Forward PE Ratio is 16.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin Properties SOCIMI's current Forward PE Ratio is 27.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (XMAD:MRL) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.89, compared to a current price of €15.05 — trading 38.2% above its estimated fair value. The current Forward PE Ratio is 27.70 and 69.9% above the REITs industry median of 16.30. Merlin Properties SOCIMI's overall GF Score™ is 85/100 with 8 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 Merlin Properties SOCIMI (XMAD:MRL), the current Forward PE Ratio is 27.70 as of Jul. 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 Merlin Properties SOCIMI (XMAD:MRL) Overvalued in 2026?
Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued.
The current stock price of €15.05 is trading 38.2% above its estimated GF Value™ of €10.89.
GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.
Key valuation signals for XMAD:MRL:
Forward PE Ratio: 27.70
GF Value™: €10.89 vs. price of €15.05 (38.2% above fair value)
Industry Position: 69.9% above the REITs median (#340 of 461)
No single metric tells the full story. See the XMAD:MRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
85GF Score
Get the complete analysis for XMAD:MRL
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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