Forge Global Holdings, Inc. (FRGE) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2021
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FRGE Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 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 27.7x, FRGE trades at a 130% discount to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, FRGE trades at a notable discount to the S&P 500 median P/E of 25.1x. 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.
FRGE P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $88B | 27.1 | 3.05 | +21% | |
| $35B | 32.5 | 1.66 | +45% | |
| $5B | 22.9 | - | -9% | |
| $24B | 29.2 | 0.86Best | +62% | |
| $159B | 29.9 | 13.07 | +18% | |
| $303B | 23.9 | 2.69 | +53% | |
| $288B | 22.8 | 1.63 | +77%Best | |
| $30B | 18.3Lowest | 1.86 | -11% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FRGE Historical P/E Data (2021–2021)
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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View ValuationCompare FRGE vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonFRGE — Frequently Asked Questions
Quick answers to the most common questions about buying FRGE stock.
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 27.7x. 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.