The forward P/E ratio uses analyst consensus earnings estimates for the next twelve months instead of trailing results, showing what the market pays for expected — not delivered — profit. This heatmap colors every US stock by forward P/E, sized by market cap and grouped by sector.
Greener tiles are cheaper on expected earnings, redder tiles are more expensive. Companies with no analyst coverage or negative estimates appear gray.
P/E divides price by reported trailing earnings; forward P/E divides by analyst-estimated future earnings. When forward P/E is far below trailing P/E, the market expects rapid earnings growth — when above, it expects a decline.
They are consensus guesses, not facts — estimates cluster near current prices and are regularly revised. Treat them as the market's expected trajectory rather than a forecast.
Analysts expect earnings to jump — common in cyclical recoveries and growth stocks. The gap between the two ratios is itself a signal: large gaps mean high expectations that can disappoint.
Heatmap data updates through the trading session. Fundamentals come from Finnhub and SEC filings; scores are simplified heuristics for screening — not investment advice.