Nuernberger Beteiligungs AG (HAM:NBG6) EPS without NRI: €5.59 (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:NBG6 Nuernberger Beteiligungs AG HAM:NBG6
58 GF Score
Price €121.50
GF Value €66.11
! 5 Warning Signs
View Full Analysis

What is Nuernberger Beteiligungs AG EPS without NRI?

Nuernberger Beteiligungs AG HAM:NBG6 58 EPS without NRI is €5.59 as of Dec. 2025. GuruFocus rates HAM:NBG6 with a GF Score™ of 58/100 and a GF Value™ of €66.11. The stock has 5 warning signs investors should review. Among 401 Insurance companies, Nuernberger Beteiligungs AG ranks worse than 78.55% on this metric.

Nuernberger Beteiligungs AG's earnings per share without non-recurring items for the six months ended in Dec. 2025 was €1.57. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was €5.59.

During the past 3 years, the average earnings per share (NRI) Growth Rate was -2.40% 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 Nuernberger Beteiligungs AG's EPS without NRI or its related term are showing as below:

HAM:NBG6' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -21.8   Med: -2.4   Max: 34.1
Current: -2.4

During the past 13 years, Nuernberger Beteiligungs AG's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 34.10% per year. The lowest was -21.80% per year. And the median was -2.40% per year.

HAM:NBG6's 3-Year EPS without NRI Growth Rate is ranked worse than
78.55% of 401 companies
in the Insurance industry
Industry Median: 16.5 vs HAM:NBG6: -2.40

Nuernberger Beteiligungs AG's EPS (Diluted) for the six months ended in Dec. 2025 was €-0.16. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €3.85.

Nuernberger Beteiligungs AG's EPS (Basic) for the six months ended in Dec. 2025 was €-0.16. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was €3.85.


Nuernberger Beteiligungs AG  (HAM:NBG6) 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.


Nuernberger Beteiligungs AG EPS without NRI Related Terms


Nuernberger Beteiligungs AG EPS without NRI Historical Data

* Premium members only.

The historical data trend for Nuernberger Beteiligungs AG'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.

Nuernberger Beteiligungs AG EPS without NRI Chart

Nuernberger Beteiligungs AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.47 6.00 3.62 -3.59 5.58

Nuernberger Beteiligungs AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.79 0.53 -4.12 4.02 1.57

HAM:NBG6 vs BRK.A, AIG, HIG: EPS without NRI Comparison

For the Insurance - Diversified subindustry, Nuernberger Beteiligungs AG'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.


Nuernberger Beteiligungs AG PE Ratio without NRI vs Insurance Industry

For the Insurance industry and Financial Services sector, Nuernberger Beteiligungs AG's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Nuernberger Beteiligungs AG's PE Ratio without NRI falls into.


HAM:NBG6
58GF Score
Nuernberger Beteiligungs AG HAM:NBG6
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuernberger Beteiligungs AG 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €5.59

* 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 €5.59 mean?
Nuernberger Beteiligungs AG (HAM:NBG6) has a EPS without NRI of €5.59 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Nuernberger Beteiligungs AG and its competitors. According to the industry distribution chart, Nuernberger Beteiligungs AG ranks #315 out of 401 companies in the Insurance industry, placing it in the top 78.6%.
Is Nuernberger Beteiligungs AG's EPS without NRI too high?
Nuernberger Beteiligungs AG's current EPS without NRI is €5.59. Based on the distribution chart, Nuernberger Beteiligungs AG ranks #315 out of 401 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Nuernberger Beteiligungs AG has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Nuernberger Beteiligungs AG's EPS without NRI compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Nuernberger Beteiligungs AG ranks #315 out of 401 companies for EPS without NRI. This places Nuernberger Beteiligungs AG in the lower half of its industry. The industry median EPS without NRI is 16.50. 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 Insurance company?
The median EPS without NRI among Insurance companies is 16.50, based on 401 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 Nuernberger Beteiligungs AG and its competitors. For the Insurance industry, the median EPS without NRI is 16.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuernberger Beteiligungs AG's current EPS without NRI is €5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuernberger Beteiligungs AG stock overvalued right now?
Nuernberger Beteiligungs AG (HAM:NBG6) has a current EPS without NRI of €5.59. The stock's GF Value™ is €66.11, compared to a current price of €121.50 — trading 83.8% above its estimated fair value. The current EPS without NRI is €5.59. Nuernberger Beteiligungs AG's overall GF Score™ is 58/100 with 5 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 Nuernberger Beteiligungs AG (HAM:NBG6), the current EPS without NRI is €5.59 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 Nuernberger Beteiligungs AG (HAM:NBG6) Overvalued in 2026?

Based on GuruFocus' analysis, Nuernberger Beteiligungs AG stock appears to be overvalued. The current stock price of €121.50 is trading 83.8% above its estimated GF Value™ of €66.11.

Key valuation signals for HAM:NBG6:

  • EPS without NRI: €5.59
  • GF Value™: €66.11 vs. price of €121.50 (83.8% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the HAM:NBG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuernberger Beteiligungs AG Business Description

Other Exchanges NBG6:Germany
Address Ostendstrasse 100, Nuernberg, DEU, 90334
Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.
58GF Score

Get the complete analysis for HAM:NBG6

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

€121.50
Price
€66.11
GF Value