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JL Mag Rare-Earth Co (SZSE:300748) Forward PE Ratio : 34.82 (As of May. 06, 2024)


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What is JL Mag Rare-Earth Co Forward PE Ratio?

JL Mag Rare-Earth Co's Forward PE Ratio for today is 34.82.

JL Mag Rare-Earth Co's PE Ratio without NRI for today is 39.28.

JL Mag Rare-Earth Co's PE Ratio for today is 40.96.


JL Mag Rare-Earth Co Forward PE Ratio Historical Data

The historical data trend for JL Mag Rare-Earth 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.

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JL Mag Rare-Earth Co Forward PE Ratio Chart

JL Mag Rare-Earth Co Annual Data
Trend 2022-12 2023-12 2024-04
Forward PE Ratio
29.59 40.32 33.67

JL Mag Rare-Earth Co Quarterly Data
2022-06 2022-09 2022-12 2023-06 2023-09 2023-12
Forward PE Ratio 52.36 28.17 29.59 55.56 29.59 40.32

Competitive Comparison of JL Mag Rare-Earth Co's Forward PE Ratio

For the Metal Fabrication subindustry, JL Mag Rare-Earth 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.


JL Mag Rare-Earth Co's Forward PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where JL Mag Rare-Earth Co's Forward PE Ratio falls into.



JL Mag Rare-Earth 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.


JL Mag Rare-Earth Co  (SZSE:300748) 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 .


JL Mag Rare-Earth Co Forward PE Ratio Related Terms

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JL Mag Rare-Earth Co (SZSE:300748) Business Description

Traded in Other Exchanges
Address
81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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