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.
Changzhou Tonghui Electronic CoBJSE:920509 97 PE Ratio without NRI is 46.00 as of Aug. 20, 2026, which is 34% above its 10-year median of 34.39. GuruFocus rates BJSE:920509 with a GF Score™ of 97/100 and a GF Value™ of ¥24.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,705 Hardware companies, Changzhou Tonghui Electronic Co ranks worse than 68.62% 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 (2026-08-20), Changzhou Tonghui Electronic Co's share price is ¥20.15.
Changzhou Tonghui Electronic Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ¥0.44. Therefore, Changzhou Tonghui Electronic Co's PE Ratio without NRI for today is 46.00.
During the past 13 years, Changzhou Tonghui Electronic Co's highest PE Ratio without NRI was 104.03. The lowest was 15.93. And the median was 34.39.
Changzhou Tonghui Electronic Co (BJSE:920509) 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.
Changzhou Tonghui Electronic Co PE Ratio without NRI Related Terms
Changzhou Tonghui Electronic Co 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.
Changzhou Tonghui Electronic Co PE Ratio without NRI Chart
BJSE:920509 vs COHR, KEYS, GRMN: PE Ratio without NRI Comparison
For the Scientific & Technical Instruments subindustry, Changzhou Tonghui Electronic Co'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.
Changzhou Tonghui Electronic Co PE Ratio without NRI vs Hardware Industry
For the Hardware industry and Technology sector, Changzhou Tonghui Electronic Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Changzhou Tonghui Electronic Co's PE Ratio without NRI falls into.
Changzhou Tonghui Electronic Co 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.
Changzhou Tonghui Electronic Co's Share Price of today is ¥20.15.
Changzhou Tonghui Electronic Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.44.
* 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.
Changzhou Tonghui Electronic Co (BJSE:920509) has a PE Ratio without NRI of 46.00 as of Aug. 20, 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 Changzhou Tonghui Electronic Co and its competitors. This is 34% above median its historical median of 34.39. Over the past decade, Changzhou Tonghui Electronic Co's PE Ratio without NRI has ranged from 15.93 to 104.03. According to the industry distribution chart, Changzhou Tonghui Electronic Co ranks #1170 out of 1705 companies in the Hardware industry, placing it in the top 68.6%.
Is Changzhou Tonghui Electronic Co's PE Ratio without NRI too high?
Changzhou Tonghui Electronic Co's current PE Ratio without NRI of 46.00 is 34% above median its 10-year median of 34.39. Over the past 10 years, this metric has ranged from a low of 15.93 to a high of 104.03. The Hardware industry median PE Ratio without NRI is 26.99. Changzhou Tonghui Electronic Co's value of 46.00 is 70.4% above this industry median. Based on the distribution chart, Changzhou Tonghui Electronic Co ranks #1170 out of 1705 companies in the Hardware industry, which is below the industry midpoint. Overall, Changzhou Tonghui Electronic Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Tonghui Electronic Co's PE Ratio without NRI compare to COHR and KEYS?
According to the Hardware industry distribution chart, Changzhou Tonghui Electronic Co ranks #1170 out of 1705 companies for PE Ratio without NRI. This places Changzhou Tonghui Electronic Co in the lower half of its industry. The industry median PE Ratio without NRI is 26.99. Changzhou Tonghui Electronic Co's value of 46.00 is 70.4% above this benchmark. Historically, Changzhou Tonghui Electronic Co's own PE Ratio without NRI has ranged from 15.93 to 104.03 over the past decade. While the company's 10-year median is 34.39 vs. the industry median of 26.99, Changzhou Tonghui Electronic Co 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 a Hardware company?
The median PE Ratio without NRI among Hardware companies is 26.99, based on 1,705 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. Changzhou Tonghui Electronic Co's current PE Ratio without NRI of 46.00 is 70.4% 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 Changzhou Tonghui Electronic Co and its competitors. For the Hardware industry, the median PE Ratio without NRI is 26.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Tonghui Electronic Co's current PE Ratio without NRI is 46.00, which is 34% above median its own 10-year median of 34.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Tonghui Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co (BJSE:920509) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.52, compared to a current price of ¥20.15 — trading 17.8% below its estimated fair value. The current PE Ratio without NRI is 46.00, which is 34% above median its 10-year median of 34.39 and 70.4% above the Hardware industry median of 26.99. Changzhou Tonghui Electronic Co's overall GF Score™ is 97/100 with 1 warning sign 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 Changzhou Tonghui Electronic Co (BJSE:920509), the current PE Ratio without NRI is 46.00 as of Aug. 20, 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 Changzhou Tonghui Electronic Co (BJSE:920509) Overvalued in 2026?
Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co stock appears to be undervalued.
The current stock price of ¥20.15 is trading 17.8% below its estimated GF Value™ of ¥24.52.
GuruFocus considers Changzhou Tonghui Electronic Co to be Modestly Undervalued.
Key valuation signals for BJSE:920509:
PE Ratio without NRI: 46.00 (34% above median its 10-year median of 34.39)
GF Value™: ¥24.52 vs. price of ¥20.15 (17.8% below fair value)
Industry Position: 70.4% above the Hardware median (#1170 of 1705)
No single metric tells the full story. See the BJSE:920509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changzhou Tonghui Electronic Co Ltd operates as a manufacturer of electronic test and measurement instruments. Its product categories include Component Parameter Tester, Micro Signal Type Tester, Power Electronic Tester, Electrical Safety Tester, Cable Tester, and Accessories.
97GF Score
Get the complete analysis for BJSE:920509
PE Ratio 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
BJSE:920509 has been successfully added to your 
