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Oil & Natural Gas's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was ₹11.92.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was ₹39.14.
During the past 12 months, Oil & Natural Gas's average earnings per share (NRI) Growth Rate was 12.80% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was -1.50% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 10.60% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 9.30% 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 Oil & Natural Gas's EPS without NRI or its related term are showing as below:
NSE:ONGC'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -36.6 Med: -0.1 Max: 112.2
Current: -1.5
During the past 13 years, Oil & Natural Gas's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 112.20% per year. The lowest was -36.60% per year. And the median was -0.10% per year.
NSE:ONGC's 3-Year EPS without NRI Growth Rate is ranked better than 51.79% of 728
companies
in the Oil & Gas industry
Industry Median: -2.6
vs NSE:ONGC: -1.50
Oil & Natural Gas's EPS (Basic) for the
three
months ended in Mar. 2026 was ₹8.60.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹32.93.
Oil & Natural Gas (NSE:ONGC) 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.
Oil & Natural Gas EPS without NRI Related Terms
Oil & Natural Gas EPS without NRI Historical Data
* Premium members only.
The historical data trend for Oil & Natural Gas'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.
For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.
Oil & Natural Gas PE Ratio without NRI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas'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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹39.14
* 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.
Oil & Natural Gas (NSE:ONGC) has a EPS without NRI of ₹39.14 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Oil & Natural Gas and its competitors. According to the industry distribution chart, Oil & Natural Gas ranks #351 out of 728 companies in the Oil & Gas industry, placing it in the top 48.2%.
Is Oil & Natural Gas' EPS without NRI too high?
Oil & Natural Gas' current EPS without NRI is ₹39.14. Based on the distribution chart, Oil & Natural Gas ranks #351 out of 728 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oil & Natural Gas has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' EPS without NRI compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #351 out of 728 companies for EPS without NRI. This puts Oil & Natural Gas in the upper half of its industry. 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 Oil & Gas company?
A good EPS without NRI depends on the Oil & Gas industry context. 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 Oil & Natural Gas and its competitors. Oil & Natural Gas's current EPS without NRI is ₹39.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Fairly Valued. The stock's GF Value™ is ₹272.96, compared to a current price of ₹247.29 — trading 9.4% below its estimated fair value. The current EPS without NRI is ₹39.14. Oil & Natural Gas' overall GF Score™ is 91/100 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 Oil & Natural Gas (NSE:ONGC), the current EPS without NRI is ₹39.14 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 Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹247.29 is trading 9.4% below its estimated GF Value™ of ₹272.96.
GuruFocus considers Oil & Natural Gas to be Fairly Valued.
Key valuation signals for NSE:ONGC:
EPS without NRI: ₹39.14
GF Value™: ₹272.96 vs. price of ₹247.29 (9.4% below fair value)
No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
91GF Score
Get the complete analysis for NSE:ONGC
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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