Pengana Private Equity TrustASX:PE1 -4.85%59 PE Ratio without NRI is 15.47 as of Jul. 01, 2026, which is 83% above its 10-year median of 8.46. GuruFocus rates ASX:PE1 with a GF Score™ of 59/100 and a GF Value™ of A$1.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,201 Asset Management companies, Pengana Private Equity Trust ranks worse than 65.61% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-01), Pengana Private Equity Trust's share price is A$1.47.
Pengana Private Equity Trust's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.10. Therefore, Pengana Private Equity Trust's PE Ratio without NRI for today is 15.47.
During the past 6 years, Pengana Private Equity Trust's highest PE Ratio without NRI was 37.98. The lowest was 4.85. And the median was 8.46.
Pengana Private Equity Trust (ASX:PE1) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Pengana Private Equity Trust PE Ratio without NRI Related Terms
Pengana Private Equity Trust PE Ratio 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.
Pengana Private Equity Trust PE Ratio without NRI Chart
ASX:PE1 vs BLK, BX, KKR: PE Ratio without NRI Comparison
For the Asset Management subindustry, Pengana Private Equity 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.
Pengana Private Equity Trust PE Ratio without NRI vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Private Equity Trust's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Pengana Private Equity Trust's PE Ratio without NRI falls into.
Pengana Private Equity Trust PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Pengana Private Equity Trust's Share Price of today is A$1.47.
For company reported semi-annually, Pengana Private Equity Trust's 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 A$0.10.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Pengana Private Equity Trust (ASX:PE1) has a PE Ratio without NRI of 15.47 as of Jul. 01, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Pengana Private Equity Trust and its competitors. This is 83% above median its historical median of 8.46. Over the past decade, Pengana Private Equity Trust's PE Ratio without NRI has ranged from 4.85 to 37.98. According to the industry distribution chart, Pengana Private Equity Trust ranks #788 out of 1201 companies in the Asset Management industry, placing it in the top 65.6%.
Is Pengana Private Equity Trust's PE Ratio without NRI too high?
Pengana Private Equity Trust's current PE Ratio without NRI of 15.47 is 83% above median its 10-year median of 8.46. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 37.98. The Asset Management industry median PE Ratio without NRI is 11.69. Pengana Private Equity Trust's value of 15.47 is 32.3% above this industry median. Based on the distribution chart, Pengana Private Equity Trust ranks #788 out of 1201 companies in the Asset Management industry, which is below the industry midpoint. Overall, Pengana Private Equity Trust has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Private Equity Trust's PE Ratio without NRI compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Private Equity Trust ranks #788 out of 1201 companies for PE Ratio without NRI. This places Pengana Private Equity Trust in the lower half of its industry. The industry median PE Ratio without NRI is 11.69. Pengana Private Equity Trust's value of 15.47 is 32.3% above this benchmark. Historically, Pengana Private Equity Trust's own PE Ratio without NRI has ranged from 4.85 to 37.98 over the past decade. While the company's 10-year median is 8.46 vs. the industry median of 11.69, Pengana Private Equity Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for an Asset Management company?
The median PE Ratio without NRI among Asset Management companies is 11.69, based on 1,201 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pengana Private Equity Trust's current PE Ratio without NRI of 15.47 is 32.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Pengana Private Equity Trust and its competitors. For the Asset Management industry, the median PE Ratio without NRI is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pengana Private Equity Trust's current PE Ratio without NRI is 15.47, which is 83% above median its own 10-year median of 8.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Private Equity Trust stock overvalued right now?
Based on GuruFocus' analysis, Pengana Private Equity Trust (ASX:PE1) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.09, compared to a current price of A$1.47 — trading 34.9% above its estimated fair value. The current PE Ratio without NRI is 15.47, which is 83% above median its 10-year median of 8.46 and 32.3% above the Asset Management industry median of 11.69. Pengana Private Equity Trust's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Pengana Private Equity Trust (ASX:PE1), the current PE Ratio without NRI is 15.47 as of Jul. 01, 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 Pengana Private Equity Trust (ASX:PE1) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Private Equity Trust stock appears to be overvalued.
The current stock price of A$1.47 is trading 34.9% above its estimated GF Value™ of A$1.09.
GuruFocus considers Pengana Private Equity Trust to be Significantly Overvalued.
Key valuation signals for ASX:PE1:
PE Ratio without NRI: 15.47 (83% above median its 10-year median of 8.46)
GF Value™: A$1.09 vs. price of A$1.47 (34.9% above fair value)
Industry Position: 32.3% above the Asset Management median (#788 of 1201)
No single metric tells the full story. See the ASX:PE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Private Equity Trust is an Australia-based company engaged in providing a diversified portfolio of private market investments via a listed investment trust structure. The Trust's investment objective is to generate, over an investment horizon of at least 10 years, returns and capital growth through a selective and diversified approach to private markets.
59GF Score
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