Is forward P/E calculated using current price(if yes, how useful is it)?
generally Forward P/E is computed as current price / forward earnings.  The rationale behind this is that buying the stock costs you the current price, and it gives you a claim on the future earnings.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Is forward P/E calculated using current price(if yes, how useful is it)?

### Response:
generally Forward P/E is computed as current price / forward earnings.  The rationale behind this is that buying the stock costs you the current price, and it gives you a claim on the future earnings.