Firstrand (NAM:FST) EPS without NRI: R7.91 (TTM As of Dec. 2025)


NAM:FST Firstrand Ltd NAM:FST
85 GF Score
Price R96.23
GF Value R84.36
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Firstrand EPS without NRI?

Firstrand NAM:FST -2.80% 85 EPS without NRI is R7.91 as of Dec. 2025. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.36 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,410 Banks companies, Firstrand ranks better than 53.83% on this metric.

Firstrand's earnings per share without non-recurring items for the six months ended in Dec. 2025 was R4.15. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was R7.91.

During the past 12 months, Firstrand's average earnings per share (NRI) Growth Rate was 11.10% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 8.60% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 17.30% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 6.60% 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 Firstrand's EPS without NRI or its related term are showing as below:

NAM:FST' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -12   Med: 9.6   Max: 28.5
Current: 8.6

During the past 13 years, Firstrand's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 28.50% per year. The lowest was -12.00% per year. And the median was 9.60% per year.

NAM:FST's 3-Year EPS without NRI Growth Rate is ranked better than
53.83% of 1410 companies
in the Banks industry
Industry Median: 7.3 vs NAM:FST: 8.60

Firstrand's EPS (Diluted) for the six months ended in Dec. 2025 was R4.14. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.86.

Firstrand's EPS (Basic) for the six months ended in Dec. 2025 was R4.15. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.87.


Firstrand  (NAM:FST) 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.


Firstrand EPS without NRI Related Terms


Firstrand EPS without NRI Historical Data

* Premium members only.

The historical data trend for Firstrand'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.

Firstrand EPS without NRI Chart

Firstrand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.81 5.85 6.55 6.79 7.49

Firstrand 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 3.40 3.39 3.73 3.76 4.15

NAM:FST vs JPM, BAC, WFC: EPS without NRI Comparison

For the Banks - Diversified subindustry, Firstrand'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.


Firstrand PE Ratio without NRI vs Banks Industry

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

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


NAM:FST
85GF Score
Firstrand Ltd NAM:FST
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstrand 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 R7.91

* 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 R7.91 mean?
Firstrand (NAM:FST) has a EPS without NRI of R7.91 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Firstrand and its competitors. According to the industry distribution chart, Firstrand ranks #651 out of 1410 companies in the Banks industry, placing it in the top 46.2%.
Is Firstrand's EPS without NRI too high?
Firstrand's current EPS without NRI is R7.91. Based on the distribution chart, Firstrand ranks #651 out of 1410 companies in the Banks industry, which is above the industry midpoint. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's EPS without NRI compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #651 out of 1410 companies for EPS without NRI. This puts Firstrand in the upper half of its industry. The industry median EPS without NRI is 7.30. 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 7.30, based on 1,410 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 Firstrand and its competitors. For the Banks industry, the median EPS without NRI is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current EPS without NRI is R7.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.36, compared to a current price of R96.23 — trading 14.1% above its estimated fair value. The current EPS without NRI is R7.91. Firstrand's overall GF Score™ is 85/100 with 4 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 Firstrand (NAM:FST), the current EPS without NRI is R7.91 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R96.23 is trading 14.1% above its estimated GF Value™ of R84.36. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • EPS without NRI: R7.91
  • GF Value™: R84.36 vs. price of R96.23 (14.1% above fair value)
  • GF Score™: 85/100 with 4 warning signs

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


Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score

Get the complete analysis for NAM:FST

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

R96.23
Price
R84.36
GF Value