BAE SystemsBAESY +6.45%89 EPS without NRI is $4.00 as of Dec. 2025. GuruFocus rates BAESY with a GF Score™ of 89/100 and a GF Value™ of $91.65 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 255 Aerospace & Defense companies, BAE Systems ranks worse than 57.65% on this metric.
BAE Systems's earnings per share without non-recurring items for the
six
months ended in Dec. 2025 was $2.14.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was $4.00.
During the past 12 months, BAE Systems's average earnings per share (NRI) Growth Rate was 9.90% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 10.70% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 11.50% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 6.40% 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 BAE Systems's EPS without NRI or its related term are showing as below:
BAESY'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -50.2 Med: 3.45 Max: 88
Current: 10.7
During the past 13 years, BAE Systems's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 88.00% per year. The lowest was -50.20% per year. And the median was 3.45% per year.
BAESY's 3-Year EPS without NRI Growth Rate is ranked worse than 57.65% of 255
companies
in the Aerospace & Defense industry
Industry Median: 15.4
vs BAESY: 10.70
BAE Systems's EPS (Diluted) for the
six
months ended in Dec. 2025 was $1.93.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $3.67.
BAE Systems's EPS (Basic) for the
six
months ended in Dec. 2025 was $1.95.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was $3.71.
BAE Systems (OTCPK:BAESY) 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.
BAE Systems EPS without NRI Related Terms
BAE Systems EPS without NRI Historical Data
* Premium members only.
The historical data trend for BAE Systems'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.
BAESY vs SPCX, GE, RTX: EPS without NRI Comparison
For the Aerospace & Defense subindustry, BAE Systems'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.
BAE Systems PE Ratio without NRI vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, BAE Systems's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where BAE Systems's PE Ratio without NRI falls into.
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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $4.00
* 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.
BAE Systems (BAESY) has a EPS without NRI of $4.00 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on BAE Systems and its competitors. According to the industry distribution chart, BAE Systems ranks #147 out of 255 companies in the Aerospace & Defense industry, placing it in the top 57.6%.
Is BAE Systems' EPS without NRI too high?
BAE Systems' current EPS without NRI is $4.00. The Aerospace & Defense industry median EPS without NRI is 15.40. BAE Systems' value of $4.00 is 74% below this industry median. Based on the distribution chart, BAE Systems ranks #147 out of 255 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, BAE Systems has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BAE Systems' EPS without NRI compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, BAE Systems ranks #147 out of 255 companies for EPS without NRI. This places BAE Systems in the lower half of its industry. The industry median EPS without NRI is 15.40. BAE Systems' value of $4.00 is 74% below this benchmark. 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 an Aerospace & Defense company?
The median EPS without NRI among Aerospace & Defense companies is 15.40, based on 255 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. BAE Systems's current EPS without NRI of $4.00 is 74% below the industry median. 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 BAE Systems and its competitors. For the Aerospace & Defense industry, the median EPS without NRI is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BAE Systems's current EPS without NRI is $4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAE Systems stock overvalued right now?
Based on GuruFocus' analysis, BAE Systems (BAESY) is currently considered Modestly Overvalued. The stock's GF Value™ is $91.65, compared to a current price of $106.11 — trading 15.8% above its estimated fair value. The current EPS without NRI is $4.00 and 74% below the Aerospace & Defense industry median of 15.40. BAE Systems' overall GF Score™ is 89/100 with 2 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 BAE Systems (BAESY), the current EPS without NRI is $4.00 as of Dec. 2025. 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 BAE Systems (BAESY) Overvalued in 2026?
Based on GuruFocus' analysis, BAE Systems stock appears to be overvalued.
The current stock price of $106.11 is trading 15.8% above its estimated GF Value™ of $91.65.
GuruFocus considers BAE Systems to be Modestly Overvalued.
Key valuation signals for BAESY:
EPS without NRI: $4.00
GF Value™: $91.65 vs. price of $106.11 (15.8% above fair value)
Industry Position: 74% below the Aerospace & Defense median (#147 of 255)
No single metric tells the full story. See the BAESY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the US Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's US- and UK-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the US government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the US Defense Department; the air segment includes BAE's share of US and European air programs as well as its businesses in Saudi Arabia and Australia, and the maritime segment comprises UK land- and marine-based activities.
89GF Score
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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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