Full Truck Alliance Co (NYSE:YMM) 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 .
Full Truck Alliance Co Forward PE Ratio Related Terms
Full Truck Alliance Co Forward PE Ratio Historical Data
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The historical data trend for Full Truck Alliance Co'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.
Full Truck Alliance Co Forward PE Ratio Chart
Full Truck Alliance Co Annual Data
Trend
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
35.84
15.95
17.11
15.41
Full Truck Alliance Co Quarterly Data
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
31.25
35.84
28.25
21.28
15.67
15.95
16.16
17.86
17.11
17.67
16.99
17.17
15.41
12.03
YMM vs UBER, SHOP, CRM: Forward PE Ratio Comparison
For the Software - Application subindustry, Full Truck Alliance Co'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.
Full Truck Alliance Co Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Full Truck Alliance Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Full Truck Alliance Co's Forward PE Ratio falls into.
Full Truck Alliance Co 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.
Full Truck Alliance Co (YMM) has a Forward PE Ratio of 12.04 as of Jul. 12, 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 Full Truck Alliance Co and its competitors. According to the industry distribution chart, Full Truck Alliance Co ranks #310 out of 1170 companies in the Software industry, placing it in the top 26.5%.
Is Full Truck Alliance Co's Forward PE Ratio too high?
Full Truck Alliance Co's current Forward PE Ratio is 12.04. The Software industry median Forward PE Ratio is 18.57. Full Truck Alliance Co's value of 12.04 is 35.2% below this industry median. Based on the distribution chart, Full Truck Alliance Co ranks #310 out of 1170 companies in the Software industry, which is above the industry midpoint. Overall, Full Truck Alliance Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's Forward PE Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Full Truck Alliance Co ranks #310 out of 1170 companies for Forward PE Ratio. This puts Full Truck Alliance Co in the upper half of its industry. The industry median Forward PE Ratio is 18.57. Full Truck Alliance Co's value of 12.04 is 35.2% 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 Software company?
The median Forward PE Ratio among Software companies is 18.57, based on 1,170 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. Full Truck Alliance Co's current Forward PE Ratio of 12.04 is 35.2% 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 Full Truck Alliance Co and its competitors. For the Software industry, the median Forward PE Ratio is 18.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Full Truck Alliance Co's current Forward PE Ratio is 12.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (YMM) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.51, compared to a current price of $8.57 — trading 25.5% below its estimated fair value. The current Forward PE Ratio is 12.04 and 35.2% below the Software industry median of 18.57. Full Truck Alliance Co's overall GF Score™ is 77/100 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 Full Truck Alliance Co (YMM), the current Forward PE Ratio is 12.04 as of Jul. 12, 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 Full Truck Alliance Co (YMM) Overvalued in 2026?
Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued.
The current stock price of $8.57 is trading 25.5% below its estimated GF Value™ of $11.51.
GuruFocus considers Full Truck Alliance Co to be Modestly Undervalued.
Key valuation signals for YMM:
Forward PE Ratio: 12.04
GF Value™: $11.51 vs. price of $8.57 (25.5% below fair value)
Industry Position: 35.2% below the Software median (#310 of 1170)
No single metric tells the full story. See the YMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
77GF Score
Get the complete analysis for YMM
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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