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Tecnicas Reunidas (XMAD:TRE) 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 .
Tecnicas Reunidas Forward PE Ratio Related Terms
Tecnicas Reunidas Forward PE Ratio Historical Data
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The historical data trend for Tecnicas Reunidas'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.
Tecnicas Reunidas Forward PE Ratio Chart
Tecnicas Reunidas Annual Data
Trend
2015-12
2024-12
2025-12
Forward PE Ratio
10.66
7.07
10.49
Tecnicas Reunidas Quarterly Data
2015-12
2016-03
2018-03
2018-06
2018-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
10.66
6.85
22.99
25.58
14.03
7.07
9.50
10.98
11.49
10.49
11.41
XMAD:TRE vs PWR, FIX, EME: Forward PE Ratio Comparison
For the Engineering & Construction subindustry, Tecnicas Reunidas'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.
Tecnicas Reunidas Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, Tecnicas Reunidas's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tecnicas Reunidas'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.
Tecnicas Reunidas (XMAD:TRE) has a Forward PE Ratio of 12.31 as of Jul. 22, 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 Tecnicas Reunidas and its competitors. According to the industry distribution chart, Tecnicas Reunidas ranks #269 out of 641 companies in the Construction industry, placing it in the top 42%.
Is Tecnicas Reunidas' Forward PE Ratio too high?
Tecnicas Reunidas' current Forward PE Ratio is 12.31. The Construction industry median Forward PE Ratio is 13.90. Tecnicas Reunidas' value of 12.31 is 11.4% below this industry median. Based on the distribution chart, Tecnicas Reunidas ranks #269 out of 641 companies in the Construction industry, which is above the industry midpoint. Overall, Tecnicas Reunidas has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tecnicas Reunidas' Forward PE Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Tecnicas Reunidas ranks #269 out of 641 companies for Forward PE Ratio. This puts Tecnicas Reunidas in the upper half of its industry. The industry median Forward PE Ratio is 13.90. Tecnicas Reunidas' value of 12.31 is 11.4% below 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 Construction company?
The median Forward PE Ratio among Construction companies is 13.90, based on 641 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. Tecnicas Reunidas's current Forward PE Ratio of 12.31 is 11.4% below 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 Tecnicas Reunidas and its competitors. For the Construction industry, the median Forward PE Ratio is 13.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecnicas Reunidas's current Forward PE Ratio is 12.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnicas Reunidas stock overvalued right now?
Based on GuruFocus' analysis, Tecnicas Reunidas (XMAD:TRE) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.87, compared to a current price of €29.06 — trading 46.3% above its estimated fair value. The current Forward PE Ratio is 12.31 and 11.4% below the Construction industry median of 13.90. Tecnicas Reunidas' overall GF Score™ is 66/100 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 Tecnicas Reunidas (XMAD:TRE), the current Forward PE Ratio is 12.31 as of Jul. 22, 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 Tecnicas Reunidas (XMAD:TRE) Overvalued in 2026?
Based on GuruFocus' analysis, Tecnicas Reunidas stock appears to be overvalued.
The current stock price of €29.06 is trading 46.3% above its estimated GF Value™ of €19.87.
GuruFocus considers Tecnicas Reunidas to be Significantly Overvalued.
Key valuation signals for XMAD:TRE:
Forward PE Ratio: 12.31
GF Value™: €19.87 vs. price of €29.06 (46.3% above fair value)
Industry Position: 11.4% below the Construction median (#269 of 641)
No single metric tells the full story. See the XMAD:TRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.
66GF Score
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