Lynas Rare Earths (ASX:LYC) 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 .
Lynas Rare Earths Forward PE Ratio Related Terms
Lynas Rare Earths Forward PE Ratio Historical Data
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The historical data trend for Lynas Rare Earths'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.
Lynas Rare Earths Forward PE Ratio Chart
Lynas Rare Earths Annual Data
Trend
2016-06
2020-06
2021-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
10.16
11.25
40.00
9.00
36.10
54.05
33.51
Lynas Rare Earths Semi-Annual Data
2015-12
2016-06
2019-12
2020-06
2021-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
49.51
10.16
13.50
11.25
40.00
59.88
9.00
15.95
36.10
102.04
54.05
41.67
33.51
39.16
Lynas Rare Earths Forward PE Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.
Lynas Rare Earths Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lynas Rare Earths's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Lynas Rare Earths'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.
Lynas Rare Earths (ASX:LYC) has a Forward PE Ratio of 28.40 as of Jun. 24, 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 Lynas Rare Earths and its competitors. According to the industry distribution chart, Lynas Rare Earths ranks #402 out of 483 companies in the Metals & Mining industry, placing it in the top 83.2%.
Is Lynas Rare Earths' Forward PE Ratio too high?
Lynas Rare Earths' current Forward PE Ratio is 28.40. The Metals & Mining industry median Forward PE Ratio is 11.48. Lynas Rare Earths' value of 28.40 is 147.4% above this industry median. Based on the distribution chart, Lynas Rare Earths ranks #402 out of 483 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lynas Rare Earths has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lynas Rare Earths' Forward PE Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Lynas Rare Earths ranks #402 out of 483 companies for Forward PE Ratio. This places Lynas Rare Earths in the lower half of its industry. The industry median Forward PE Ratio is 11.48. Lynas Rare Earths' value of 28.40 is 147.4% above 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 Metals & Mining company?
The median Forward PE Ratio among Metals & Mining companies is 11.48, based on 483 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. Lynas Rare Earths's current Forward PE Ratio of 28.40 is 147.4% above 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 Lynas Rare Earths and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lynas Rare Earths's current Forward PE Ratio is 28.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lynas Rare Earths stock overvalued right now?
Based on GuruFocus' analysis, Lynas Rare Earths (ASX:LYC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$13.70, compared to a current price of A$19.34 — trading 41.2% above its estimated fair value. The current Forward PE Ratio is 28.40 and 147.4% above the Metals & Mining industry median of 11.48. Lynas Rare Earths' overall GF Score™ is 78/100 with 3 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 Lynas Rare Earths (ASX:LYC), the current Forward PE Ratio is 28.40 as of Jun. 24, 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 Lynas Rare Earths (ASX:LYC) Overvalued in 2026?
Based on GuruFocus' analysis, Lynas Rare Earths stock appears to be overvalued.
The current stock price of A$19.34 is trading 41.2% above its estimated GF Value™ of A$13.70.
GuruFocus considers Lynas Rare Earths to be Significantly Overvalued.
Key valuation signals for ASX:LYC:
Forward PE Ratio: 28.40
GF Value™: A$13.70 vs. price of A$19.34 (41.2% above fair value)
Industry Position: 147.4% above the Metals & Mining median (#402 of 483)
No single metric tells the full story. See the ASX:LYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lynas is the largest rare-earth producer outside China. It owns the high-grade Mount Weld deposit in Western Australia and rare-earth processing facilities in Kalgoorlie and Malaysia. We estimate that Mount Weld is the world's lowest-cost producer of separated neodymium and praseodymium, light rare-earth materials, which are sold to customers in the form of neodymium-praseodymium oxide with a mine life exceeding 20 years. As of December 2025, Lynas is also the only producer of separated heavy rare-earth dysprosium and terbium outside China. The company is further expanding NdPr capacity while diversifying into producing additional separated rare-earth materials, including samarium. It also intends to move downstream into rare-earth metal and magnet production.
78GF Score
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