National Australia Bank (ASX:NAB) EPS without NRI: A$1.94 (TTM As of Mar. 2026)


ASX:NAB National Australia Bank Ltd ASX:NAB
70 GF Score
Price A$39.28
GF Value A$42.26
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is National Australia Bank EPS without NRI?

National Australia Bank ASX:NAB -0.78% 70 EPS without NRI is A$1.94 as of Mar. 2026. GuruFocus rates ASX:NAB with a GF Score™ of 70/100 and a GF Value™ of A$42.26 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,413 Banks companies, National Australia Bank ranks worse than 65.18% on this metric.

National Australia Bank's earnings per share without non-recurring items for the six months ended in Mar. 2026 was A$0.89. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was A$1.94.

During the past 12 months, National Australia Bank's average earnings per share (NRI) Growth Rate was -13.80% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 2.30% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 8.00% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was -1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for National Australia Bank's EPS without NRI or its related term are showing as below:

ASX:NAB' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -21.9   Med: 2.3   Max: 37.6
Current: 2.3

During the past 13 years, National Australia Bank's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 37.60% per year. The lowest was -21.90% per year. And the median was 2.30% per year.

ASX:NAB's 3-Year EPS without NRI Growth Rate is ranked worse than
65.18% of 1413 companies
in the Banks industry
Industry Median: 7.2 vs ASX:NAB: 2.30

National Australia Bank's EPS (Diluted) for the six months ended in Mar. 2026 was A$0.90. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was A$2.00.

National Australia Bank's EPS (Basic) for the six months ended in Mar. 2026 was A$0.90. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was A$2.00.


National Australia Bank  (ASX:NAB) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


National Australia Bank EPS without NRI Related Terms


National Australia Bank EPS without NRI Historical Data

* Premium members only.

The historical data trend for National Australia Bank's EPS without NRI 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.

National Australia Bank EPS without NRI Chart

National Australia Bank Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 2.07 2.30 2.26 2.21

National Australia Bank Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 1.11 1.14 1.06 0.89

ASX:NAB vs JPM, BAC, WFC: EPS without NRI Comparison

For the Banks - Diversified subindustry, National Australia Bank's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


National Australia Bank PE Ratio without NRI vs Banks Industry

For the Banks industry and Financial Services sector, National Australia Bank's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where National Australia Bank's PE Ratio without NRI falls into.


ASX:NAB
70GF Score
National Australia Bank Ltd ASX:NAB
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Australia Bank EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1.94

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of A$1.94 mean?
National Australia Bank (ASX:NAB) has a EPS without NRI of A$1.94 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on National Australia Bank and its competitors. According to the industry distribution chart, National Australia Bank ranks #921 out of 1413 companies in the Banks industry, placing it in the top 65.2%.
Is National Australia Bank's EPS without NRI too high?
National Australia Bank's current EPS without NRI is A$1.94. Based on the distribution chart, National Australia Bank ranks #921 out of 1413 companies in the Banks industry, which is below the industry midpoint. Overall, National Australia Bank has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Australia Bank's EPS without NRI compare to JPM and BAC?
According to the Banks industry distribution chart, National Australia Bank ranks #921 out of 1413 companies for EPS without NRI. This places National Australia Bank in the lower half of its industry. The industry median EPS without NRI is 7.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Banks company?
The median EPS without NRI among Banks companies is 7.20, based on 1,413 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on National Australia Bank and its competitors. For the Banks industry, the median EPS without NRI is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Australia Bank's current EPS without NRI is A$1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Australia Bank stock overvalued right now?
Based on GuruFocus' analysis, National Australia Bank (ASX:NAB) is currently considered Fairly Valued. The stock's GF Value™ is A$42.26, compared to a current price of A$39.28 — trading 7.1% below its estimated fair value. The current EPS without NRI is A$1.94. National Australia Bank's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For National Australia Bank (ASX:NAB), the current EPS without NRI is A$1.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Australia Bank (ASX:NAB) Overvalued in 2026?

Based on GuruFocus' analysis, National Australia Bank stock appears to be undervalued. The current stock price of A$39.28 is trading 7.1% below its estimated GF Value™ of A$42.26. GuruFocus considers National Australia Bank to be Fairly Valued.

Key valuation signals for ASX:NAB:

  • EPS without NRI: A$1.94
  • GF Value™: A$42.26 vs. price of A$39.28 (7.1% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the ASX:NAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Australia Bank Business Description

Address 395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.
70GF Score

Get the complete analysis for ASX:NAB

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$39.28
Price
A$42.26
GF Value