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.
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.
Are Holdings's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was 円57.34.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was 円287.15.
During the past 12 months, Are Holdings's average earnings per share (NRI) Growth Rate was 69.00% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 41.60% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was -3.60% 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.
The historical rank and industry rank for Are Holdings's EPS without NRI or its related term are showing as below:
TSE:5857'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -31.9 Med: 0.3 Max: 41.6
Current: 41.6
During the past 13 years, Are Holdings's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 41.60% per year. The lowest was -31.90% per year. And the median was 0.30% per year.
TSE:5857's 3-Year EPS without NRI Growth Rate is ranked better than 85.79% of 183
companies
in the Waste Management industry
Industry Median: 5.8
vs TSE:5857: 41.60
Are Holdings's EPS (Diluted) for the
three
months ended in Mar. 2026 was 円57.34.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円287.15.
Are Holdings's EPS (Basic) for the
three
months ended in Mar. 2026 was 円60.08.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was 円315.49.
Are Holdings (TSE:5857) 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.
Are Holdings EPS without NRI Related Terms
Are Holdings EPS without NRI Historical Data
* Premium members only.
The historical data trend for Are Holdings'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.
TSE:5857 vs WM, RSG, WCN: EPS without NRI Comparison
For the Waste Management subindustry, Are Holdings'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.
Are Holdings PE Ratio without NRI vs Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Are Holdings'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 円287.15
* 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.
Are Holdings (TSE:5857) has a EPS without NRI of 円287.15 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Are Holdings and its competitors. According to the industry distribution chart, Are Holdings ranks #26 out of 183 companies in the Waste Management industry, placing it in the top 14.2%.
Is Are Holdings' EPS without NRI too high?
Are Holdings' current EPS without NRI is 円287.15. Based on the distribution chart, Are Holdings ranks #26 out of 183 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Are Holdings has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' EPS without NRI compare to WM and RSG?
According to the Waste Management industry distribution chart, Are Holdings ranks #26 out of 183 companies for EPS without NRI. This places Are Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 5.80. 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 Waste Management company?
The median EPS without NRI among Waste Management companies is 5.80, based on 183 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 Are Holdings and its competitors. For the Waste Management industry, the median EPS without NRI is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Are Holdings's current EPS without NRI is 円287.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Based on GuruFocus' analysis, Are Holdings (TSE:5857) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,966.16, compared to a current price of 円3,080.00 — trading 22.3% below its estimated fair value. The current EPS without NRI is 円287.15. Are Holdings' overall GF Score™ is 84/100 with 7 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 Are Holdings (TSE:5857), the current EPS without NRI is 円287.15 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 Are Holdings (TSE:5857) Overvalued in 2026?
Based on GuruFocus' analysis, Are Holdings stock appears to be undervalued.
The current stock price of 円3,080.00 is trading 22.3% below its estimated GF Value™ of 円3,966.16.
GuruFocus considers Are Holdings to be Modestly Undervalued.
Key valuation signals for TSE:5857:
EPS without NRI: 円287.15
GF Value™: 円3,966.16 vs. price of 円3,080.00 (22.3% below fair value)
No single metric tells the full story. See the TSE:5857 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
84GF Score
Get the complete analysis for TSE:5857
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:5857 has been successfully added to your 
