FRGE PE Ratio & Valuation,Is FRGE Overvalued

FRGE Relative Valuation

FRGE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FRGE is overvalued; if below, it's undervalued.

Historical Valuation

Forge Global Holdings Inc (FRGE) is now in the Overvalued zone, suggesting that its current forward PS ratio of 5.00 is considered Overvalued compared with the five-year average of -5.85. The fair price of Forge Global Holdings Inc (FRGE) is between 12.67 to 30.21 according to relative valuation methord. Compared to the current price of 44.79 USD , Forge Global Holdings Inc is Overvalued By 48.27%.

Relative Value

Fair Zone

12.67-30.21

Current Price：44.79

48.27%

Overvalued

-14.22

-122.69

EV/EBITDA

Forge Global Holdings Inc. (FRGE) has a current EV/EBITDA of -122.69. The 5-year average EV/EBITDA is -13.63. The thresholds are as follows: Strongly Undervalued below -65.40, Undervalued between -65.40 and -39.51, Fairly Valued between 12.26 and -39.51, Overvalued between 12.26 and 38.15, and Strongly Overvalued above 38.15. The current Forward EV/EBITDA of -122.69 falls within the Strongly Undervalued range.

-16.47

EV/EBIT

Forge Global Holdings Inc. (FRGE) has a current EV/EBIT of -16.47. The 5-year average EV/EBIT is -3.83. The thresholds are as follows: Strongly Undervalued below -16.12, Undervalued between -16.12 and -9.98, Fairly Valued between 2.31 and -9.98, Overvalued between 2.31 and 8.45, and Strongly Overvalued above 8.45. The current Forward EV/EBIT of -16.47 falls within the Strongly Undervalued range.

5.00

Forge Global Holdings Inc. (FRGE) has a current PS of 5.00. The 5-year average PS is 5.60. The thresholds are as follows: Strongly Undervalued below -15.61, Undervalued between -15.61 and -5.01, Fairly Valued between 16.20 and -5.01, Overvalued between 16.20 and 26.80, and Strongly Overvalued above 26.80. The current Forward PS of 5.00 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Forge Global Holdings Inc. (FRGE) has a current P/OCF of 0.00. The 5-year average P/OCF is -9.25. The thresholds are as follows: Strongly Undervalued below -46.08, Undervalued between -46.08 and -27.67, Fairly Valued between 9.16 and -27.67, Overvalued between 9.16 and 27.57, and Strongly Overvalued above 27.57. The current Forward P/OCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

Forge Global Holdings Inc. (FRGE) has a current P/FCF of 0.00. The 5-year average P/FCF is -9.82. The thresholds are as follows: Strongly Undervalued below -43.45, Undervalued between -43.45 and -26.64, Fairly Valued between 6.99 and -26.64, Overvalued between 6.99 and 23.80, and Strongly Overvalued above 23.80. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

Forge Global Holdings Inc (FRGE) has a current Price-to-Book (P/B) ratio of 3.00. Compared to its 3-year average P/B ratio of 1.22 , the current P/B ratio is approximately 145.99% higher. Relative to its 5-year average P/B ratio of -1.81, the current P/B ratio is about -266.24% higher. Forge Global Holdings Inc (FRGE) has a Forward Free Cash Flow (FCF) yield of approximately -6.55%. Compared to its 3-year average FCF yield of -16.75%, the current FCF yield is approximately -60.89% lower. Relative to its 5-year average FCF yield of -11.73% , the current FCF yield is about -44.14% lower.

3.00

P/B

Median3y

1.22

Median5y

-1.81

-6.55

FCF Yield

Median3y

-16.75

Median5y

-11.73

Competitors Valuation Multiple

The average P/S ratio for FRGE's competitors is 2.10, providing a benchmark for relative valuation. Forge Global Holdings Inc Corp (FRGE) exhibits a P/S ratio of 5.00, which is 137.57% above the industry average. Given its robust revenue growth of 10.64%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of FRGE increased by 286.58% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -2.32 to -9.01.

The secondary factor is the Revenue Growth, contributed 10.64%to the performance.

Overall, the performance of FRGE in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.64%

19.22M → 21.26M

Revenue Growth

-12.66%

-98.06 → -85.65

Margin Expansion

288.60%

-2.32 → -9.01

P/E Change

286.58%

11.55 → 44.65

Mkt Cap Growth

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Frequently Asked Questions

Is Forge Global Holdings Inc (FRGE) currently overvalued or undervalued?

What is Forge Global Holdings Inc (FRGE) fair value?

FRGE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Forge Global Holdings Inc (FRGE) is between 12.67 to 30.21 according to relative valuation methord.

How does FRGE's valuation metrics compare to the industry average?

What is the current P/B ratio for Forge Global Holdings Inc (FRGE) as of Jan 09 2026?

As of Jan 09 2026, Forge Global Holdings Inc (FRGE) has a P/B ratio of 3.00. This indicates that the market values FRGE at 3.00 times its book value.

What is the current FCF Yield for Forge Global Holdings Inc (FRGE) as of Jan 09 2026?

As of Jan 09 2026, Forge Global Holdings Inc (FRGE) has a FCF Yield of -6.55%. This means that for every dollar of Forge Global Holdings Inc’s market capitalization, the company generates -6.55 cents in free cash flow.

What is the current Forward P/E ratio for Forge Global Holdings Inc (FRGE) as of Jan 09 2026?

As of Jan 09 2026, Forge Global Holdings Inc (FRGE) has a Forward P/E ratio of -14.22. This means the market is willing to pay $-14.22 for every dollar of Forge Global Holdings Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Forge Global Holdings Inc (FRGE) as of Jan 09 2026?

As of Jan 09 2026, Forge Global Holdings Inc (FRGE) has a Forward P/S ratio of 5.00. This means the market is valuing FRGE at $5.00 for every dollar of expected revenue over the next 12 months.

FRGE Valuation