Forge Global Holdings, Inc. (FRGE) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2021
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 1, 2026, Forge Global Holdings, Inc. (FRGE) trades at a price-to-earnings ratio of -8.3x, with a stock price of $45.00 and trailing twelve-month earnings per share of $-4.69.
The current P/E is 115% below its 5-year average of 54.4x. Over the past five years, FRGE's P/E has ranged from a low of 54.4x to a high of 54.4x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, FRGE trades at a 133% discount to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
Relative to the broader market, FRGE trades at a notable discount to the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FRGE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Financial services and insurance software peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
INTUIntuit Inc. | $114B | 29.9 | 2.05 | +31% |
FICOFair Isaac Corporation | $33B | 53.1 | 1.94 | +30% |
SSNCSS&C Technologies Holdings, Inc. | $18B | 23.9 | 3.96 | +5% |
GWREGuidewire Software, Inc. | $12B | 179.4 | - | +1192% |
QTWOQ2 Holdings, Inc. | $3B | 60.1 | - | +225% |
SPNSSapiens International Corporation N.V. | $2B | 33.7 | 1.69Best | +15% |
BLBlackLine, Inc. | $2B | 24.3 | - | +99% |
UPBDUpbound Group, Inc. | $1B | 9.7Lowest | - | +2446%Best |
NPNeptune Insurance Holdings Inc. | $904M | 13.2 | - | +52% |
OPFIOppFi Inc. | $589M | 25.5 | - | +687% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $147.60 | $2.71 | 54.4x | +0% |
Average P/E for displayed period: 54.4x
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Start ComparisonFrequently Asked Questions
Is FRGE stock overvalued or undervalued?
FRGE trades at -8.3x P/E, below its 5-year average of 54.4x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does FRGE's valuation compare to peers?
Forge Global Holdings, Inc. P/E of -8.3x compares to sector median of 25.2x. The discount suggests lower growth expectations or higher risk.
What is FRGE's PEG ratio?
FRGE PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2021-2021.