Why Forward P/E Matters More Than P/E* Investing based only on *P/E ratio* is like checking last season’s scoreboard to predict the next match—you’re looking at past performance, not future potential. Smart investors focus on *Forward P/E* because stock prices move on *expected earnings growth*, not outdated numbers. How to get real insights? ✅ *Concalls* – Direct clues from management on future plans. ✅ *Peer tracking* – Compare with competitors to spot industry trends. Markets don’t reward the past, they price in the future