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Manchester & London Investment Trust's earnings per share without non-recurring items for the
six
months ended in Jan. 2026 was £-0.16.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Jan. 2026 was £1.86.
During the past 12 months, Manchester & London Investment Trust's average earnings per share (NRI) Growth Rate was -15.40% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% 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.
During the past 13 years, Manchester & London Investment Trust's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 115.60% per year. The lowest was -47.90% per year. And the median was -2.00% per year.
LSE:MNL's 3-Year EPS without NRI Growth Rate is not ranked *
in the Asset Management industry.
Industry Median: 13 * Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
Manchester & London Investment Trust (LSE:MNL) 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.
Manchester & London Investment Trust EPS without NRI Related Terms
Manchester & London Investment Trust EPS without NRI Historical Data
* 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.
Manchester & London Investment Trust EPS without NRI Chart
LSE:MNL vs BLK, BX, KKR: EPS without NRI Comparison
For the Asset Management subindustry, Manchester & London Investment Trust'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.
Manchester & London Investment Trust PE Ratio without NRI vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Manchester & London Investment Trust's PE Ratio without NRI falls into.
Manchester & London Investment Trust 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.86
* 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.
Manchester & London Investment Trust (LSE:MNL) has a EPS without NRI of £1.86 as of Jan. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Manchester & London Investment Trust and its competitors. According to the industry distribution chart, Manchester & London Investment Trust ranks #999999 out of 831 companies in the Asset Management industry.
Is Manchester & London Investment Trust's EPS without NRI too high?
Manchester & London Investment Trust's current EPS without NRI is £1.86. Based on the distribution chart, Manchester & London Investment Trust ranks #999999 out of 831 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Manchester & London Investment Trust has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's EPS without NRI compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #999999 out of 831 companies for EPS without NRI. This places Manchester & London Investment Trust in the lower half of its industry. The industry median EPS without NRI is 13.00. 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 Asset Management company?
The median EPS without NRI among Asset Management companies is 13.00, based on 831 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 Manchester & London Investment Trust and its competitors. For the Asset Management industry, the median EPS without NRI is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manchester & London Investment Trust's current EPS without NRI is £1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £9.96 — trading 70.8% above its estimated fair value. The current EPS without NRI is £1.86. Manchester & London Investment Trust's overall GF Score™ is 50/100 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 Manchester & London Investment Trust (LSE:MNL), the current EPS without NRI is £1.86 as of Jan. 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued.
The current stock price of £9.96 is trading 70.8% above its estimated GF Value™ of £5.83.
GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:MNL:
EPS without NRI: £1.86
GF Value™: £5.83 vs. price of £9.96 (70.8% above fair value)
No single metric tells the full story. See the LSE:MNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester & London Investment Trust Business Description
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
50GF 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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