Banco BTG Pactual S.A.BSP:BPAC3 +0.84%79 PE Ratio without NRI is 15.14 as of Jul. 01, 2026, which is 24% below its 10-year median of 20.03. GuruFocus rates BSP:BPAC3 with a GF Score™ of 79/100 and a GF Value™ of R$26.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 552 Capital Markets companies, Banco BTG Pactual S.A. ranks better than 55.07% 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), Banco BTG Pactual S.A.'s share price is R$22.70.
Banco BTG Pactual S.A.'s EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was R$1.50. Therefore, Banco BTG Pactual S.A.'s PE Ratio without NRI for today is 15.14.
During the past 13 years, Banco BTG Pactual S.A.'s highest PE Ratio without NRI was 51.95. The lowest was 2.96. And the median was 20.03.
Banco BTG Pactual S.A. (BSP:BPAC3) 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.
Banco BTG Pactual S.A. PE Ratio without NRI Related Terms
Banco BTG Pactual S.A. PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for Banco BTG Pactual S.A.'s PE Ratio 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.
BSP:BPAC3 vs MS, GS, SCHW: PE Ratio without NRI Comparison
For the Capital Markets subindustry, Banco BTG Pactual S.A.'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.
Banco BTG Pactual S.A. PE Ratio without NRI vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Banco BTG Pactual S.A.'s PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Banco BTG Pactual S.A.'s PE Ratio without NRI falls into.
Banco BTG Pactual S.A. 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.
Banco BTG Pactual S.A.'s Share Price of today is R$22.70.
Banco BTG Pactual S.A.'s 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 R$1.50.
* 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.
Banco BTG Pactual S.A. (BSP:BPAC3) has a PE Ratio without NRI of 15.14 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 Banco BTG Pactual S.A. and its competitors. This is 24% below median its historical median of 20.03. Over the past decade, Banco BTG Pactual S.A.'s PE Ratio without NRI has ranged from 2.96 to 51.95. According to the industry distribution chart, Banco BTG Pactual S.A. ranks #248 out of 552 companies in the Capital Markets industry, placing it in the top 44.9%.
Is Banco BTG Pactual S.A.'s PE Ratio without NRI too high?
Banco BTG Pactual S.A.'s current PE Ratio without NRI of 15.14 is 24% below median its 10-year median of 20.03. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 51.95. The Capital Markets industry median PE Ratio without NRI is 16.85. Banco BTG Pactual S.A.'s value of 15.14 is 10.1% below this industry median. Based on the distribution chart, Banco BTG Pactual S.A. ranks #248 out of 552 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Banco BTG Pactual S.A. has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banco BTG Pactual S.A.'s PE Ratio without NRI compare to MS and GS?
According to the Capital Markets industry distribution chart, Banco BTG Pactual S.A. ranks #248 out of 552 companies for PE Ratio without NRI. This puts Banco BTG Pactual S.A. in the upper half of its industry. The industry median PE Ratio without NRI is 16.85. Banco BTG Pactual S.A.'s value of 15.14 is 10.1% below this benchmark. Historically, Banco BTG Pactual S.A.'s own PE Ratio without NRI has ranged from 2.96 to 51.95 over the past decade. While the company's 10-year median is 20.03 vs. the industry median of 16.85, Banco BTG Pactual S.A. has consistently been below 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 Capital Markets company?
The median PE Ratio without NRI among Capital Markets companies is 16.85, based on 552 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. Banco BTG Pactual S.A.'s current PE Ratio without NRI of 15.14 is 10.1% below 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 Banco BTG Pactual S.A. and its competitors. For the Capital Markets industry, the median PE Ratio without NRI is 16.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco BTG Pactual S.A.'s current PE Ratio without NRI is 15.14, which is 24% below median its own 10-year median of 20.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco BTG Pactual S.A. stock overvalued right now?
Based on GuruFocus' analysis, Banco BTG Pactual S.A. (BSP:BPAC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$26.31, compared to a current price of R$22.70 — trading 13.7% below its estimated fair value. The current PE Ratio without NRI is 15.14, which is 24% below median its 10-year median of 20.03 and 10.1% below the Capital Markets industry median of 16.85. Banco BTG Pactual S.A.'s overall GF Score™ is 79/100 with 2 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 Banco BTG Pactual S.A. (BSP:BPAC3), the current PE Ratio without NRI is 15.14 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 Banco BTG Pactual S.A. (BSP:BPAC3) Overvalued in 2026?
Based on GuruFocus' analysis, Banco BTG Pactual S.A. stock appears to be undervalued.
The current stock price of R$22.70 is trading 13.7% below its estimated GF Value™ of R$26.31.
GuruFocus considers Banco BTG Pactual S.A. to be Modestly Undervalued.
Key valuation signals for BSP:BPAC3:
PE Ratio without NRI: 15.14 (24% below median its 10-year median of 20.03)
GF Value™: R$26.31 vs. price of R$22.70 (13.7% below fair value)
Industry Position: 10.1% below the Capital Markets median (#248 of 552)
No single metric tells the full story. See the BSP:BPAC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco BTG Pactual S.A. is a Brazil-based banking firm. It offers financial products and services regarding commercial, investments, credit, financing, capital leases, insurance, and foreign exchange portfolios, among others, in the country and several locations abroad.
79GF Score
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