Mercury NZ (ASX:MCY) Forward PE Ratio : 35.59 (As of May. 03, 2024)

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What is Mercury NZ Forward PE Ratio?

Mercury NZ's Forward PE Ratio for today is 35.59.

Mercury NZ's PE Ratio without NRI for today is 87.98.

Mercury NZ's PE Ratio for today is 87.98.

Mercury NZ Forward PE Ratio Historical Data

The historical data trend for Mercury NZ'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.

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Mercury NZ Forward PE Ratio Chart

Mercury NZ Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

23.92

27.03

27.55

28.99

40.32

58.14

45.87

50.51

34.13

35.97

Mercury NZ Semi-Annual Data
	2015-12	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	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
Forward PE Ratio	23.92	23.87	24.81	28.01	27.03	26.81	28.17	28.49	27.55	25.51	25.91	25.97	28.99	30.21	34.60	40.32	40.32	36.76	41.84	39.22	58.14	45.25	53.48	50.51	45.87	44.84	41.67	50.51	50.51	38.76	38.91	30.49	34.13	39.68

Competitive Comparison of Mercury NZ's Forward PE Ratio

For the Utilities - Renewable subindustry, Mercury NZ'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.

Mercury NZ's Forward PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Mercury NZ's Forward PE Ratio falls into.

Mercury NZ 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.

Mercury NZ (ASX:MCY) 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 .

Mercury NZ Forward PE Ratio Related Terms

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Mercury NZ (ASX:MCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (ASX:MCY) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

MGHTF:USA MCY:New Zealand MRY:Germany

Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.