Berger Paints Bangladesh (DHA:BERGERPBL) PE Ratio without NRI: 22.17 (As of Jul. 19, 2026) — 18% Below Median

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Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Founder & CEO of GuruFocus
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.

DHA:BERGERPBL Berger Paints Bangladesh Ltd DHA:BERGERPBL
91 GF Score
Price BDT1,406.50
GF Value BDT2,008.60
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Berger Paints Bangladesh PE Ratio without NRI?

Berger Paints Bangladesh DHA:BERGERPBL -0.14% 91 PE Ratio without NRI is 22.17 as of Jul. 19, 2026, which is 18% below its 10-year median of 26.90. GuruFocus rates DHA:BERGERPBL with a GF Score™ of 91/100 and a GF Value™ of BDT2,008.60 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,180 Chemicals companies, Berger Paints Bangladesh ranks better than 51.86% 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 (2026-07-19), Berger Paints Bangladesh's share price is BDT1406.50. Berger Paints Bangladesh's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2025 was BDT63.44. Therefore, Berger Paints Bangladesh's PE Ratio without NRI for today is 22.17.

During the past 10 years, Berger Paints Bangladesh's highest PE Ratio without NRI was 73.79. The lowest was 21.53. And the median was 26.90.

Berger Paints Bangladesh's EPS without NRI for the three months ended in Sep. 2025 was BDT12.41. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2025 was BDT63.44.

As of today (2026-07-19), Berger Paints Bangladesh's share price is BDT1406.50. Berger Paints Bangladesh's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was BDT63.44. Therefore, Berger Paints Bangladesh's PE Ratio (TTM) for today is 22.17.

Good Sign:

Berger Paints Bangladesh Ltd stock PE Ratio (=22.17) is close to 10-year low of 21.53.

During the past years, Berger Paints Bangladesh's highest PE Ratio (TTM) was 73.79. The lowest was 21.53. And the median was 26.90.

Berger Paints Bangladesh's EPS (Diluted) for the three months ended in Sep. 2025 was BDT12.41. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was BDT63.44.

Berger Paints Bangladesh's EPS (Basic) for the three months ended in Sep. 2025 was BDT12.41. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2025 was BDT63.44.


Berger Paints Bangladesh  (DHA:BERGERPBL) 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.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Berger Paints Bangladesh PE Ratio without NRI Related Terms


Berger Paints Bangladesh PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Berger Paints Bangladesh'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.

Berger Paints Bangladesh PE Ratio without NRI Chart

Berger Paints Bangladesh Annual Data
Trend Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.46 27.97 26.67 25.20 24.62

Berger Paints Bangladesh Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
PE Ratio without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.52 22.51 24.62 25.25 23.04

DHA:BERGERPBL vs LIN, SHW, ECL: PE Ratio without NRI Comparison

For the Specialty Chemicals subindustry, Berger Paints Bangladesh'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.


Berger Paints Bangladesh PE Ratio without NRI vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Berger Paints Bangladesh's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Berger Paints Bangladesh's PE Ratio without NRI falls into.


DHA:BERGERPBL
91GF Score
Berger Paints Bangladesh Ltd DHA:BERGERPBL
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Berger Paints Bangladesh 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.

Berger Paints Bangladesh's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=1406.50/63.444
=22.17

Berger Paints Bangladesh's Share Price of today is BDT1406.50.
Berger Paints Bangladesh's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT63.44.

* 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.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 22.17 mean?
Berger Paints Bangladesh (DHA:BERGERPBL) has a PE Ratio without NRI of 22.17 as of Jul. 19, 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 Berger Paints Bangladesh and its competitors. This is 18% below median its historical median of 26.90. Over the past decade, Berger Paints Bangladesh's PE Ratio without NRI has ranged from 21.53 to 73.79. According to the industry distribution chart, Berger Paints Bangladesh ranks #568 out of 1180 companies in the Chemicals industry, placing it in the top 48.1%.
Is Berger Paints Bangladesh's PE Ratio without NRI too high?
Berger Paints Bangladesh's current PE Ratio without NRI of 22.17 is 18% below median its 10-year median of 26.90. Over the past 10 years, this metric has ranged from a low of 21.53 to a high of 73.79. The Chemicals industry median PE Ratio without NRI is 23.05. Berger Paints Bangladesh's value of 22.17 is 3.8% below this industry median. Based on the distribution chart, Berger Paints Bangladesh ranks #568 out of 1180 companies in the Chemicals industry, which is above the industry midpoint. Overall, Berger Paints Bangladesh has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berger Paints Bangladesh's PE Ratio without NRI compare to LIN and SHW?
According to the Chemicals industry distribution chart, Berger Paints Bangladesh ranks #568 out of 1180 companies for PE Ratio without NRI. This puts Berger Paints Bangladesh in the upper half of its industry. The industry median PE Ratio without NRI is 23.05. Berger Paints Bangladesh's value of 22.17 is 3.8% below this benchmark. Historically, Berger Paints Bangladesh's own PE Ratio without NRI has ranged from 21.53 to 73.79 over the past decade. While the company's 10-year median is 26.90 vs. the industry median of 23.05, Berger Paints Bangladesh 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 Chemicals company?
The median PE Ratio without NRI among Chemicals companies is 23.05, based on 1,180 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. Berger Paints Bangladesh's current PE Ratio without NRI of 22.17 is 3.8% 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 Berger Paints Bangladesh and its competitors. For the Chemicals industry, the median PE Ratio without NRI is 23.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berger Paints Bangladesh's current PE Ratio without NRI is 22.17, which is 18% below median its own 10-year median of 26.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berger Paints Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Berger Paints Bangladesh (DHA:BERGERPBL) is currently considered Significantly Undervalued. The stock's GF Value™ is BDT2,008.60, compared to a current price of BDT1,406.50 — trading 30% below its estimated fair value. The current PE Ratio without NRI is 22.17, which is 18% below median its 10-year median of 26.90 and 3.8% below the Chemicals industry median of 23.05. Berger Paints Bangladesh's overall GF Score™ is 91/100 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 Berger Paints Bangladesh (DHA:BERGERPBL), the current PE Ratio without NRI is 22.17 as of Jul. 19, 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 Berger Paints Bangladesh (DHA:BERGERPBL) Overvalued in 2026?

Based on GuruFocus' analysis, Berger Paints Bangladesh stock appears to be undervalued. The current stock price of BDT1,406.50 is trading 30% below its estimated GF Value™ of BDT2,008.60. GuruFocus considers Berger Paints Bangladesh to be Significantly Undervalued.

Key valuation signals for DHA:BERGERPBL:

  • PE Ratio without NRI: 22.17 (18% below median its 10-year median of 26.90)
  • GF Value™: BDT2,008.60 vs. price of BDT1,406.50 (30% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 3.8% below the Chemicals median (#568 of 1180)

No single metric tells the full story. See the DHA:BERGERPBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Berger Paints Bangladesh Business Description

Address Road No. 2, Sector 3, Berger House, House No. 8, Uttara Model Town, Dhaka, BGD, 1230
Berger Paints Bangladesh Ltd is in the paint industry. The principal activities of the company are manufacturing and marketing of liquid and non-liquid paints and varnishes, emulsion and coating, and trading of painting tools. The company also provides decorative and painting-related services. The product range includes specialized outdoor paints to protect against adverse weather conditions, ColorBank, Superior Marine Paints, Textured Coatings, Adhesive, Pre-treatment chemicals, Heat Resistant Paints, Roofing Compounds, and other related products.
91GF Score

Get the complete analysis for DHA:BERGERPBL

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT1,406.50
Price
BDT2,008.60
GF Value