MSC Industrial Direct CoFRA:98M +1.38%81 PE Ratio without NRI is 27.82 as of Jul. 02, 2026, which is 66% above its 10-year median of 16.73. GuruFocus rates FRA:98M with a GF Score™ of 81/100 and a GF Value™ of €76.62 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 130 Industrial Distribution companies, MSC Industrial Direct Co ranks worse than 72.31% 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 (2026-07-02), MSC Industrial Direct Co's share price is €103.20.
MSC Industrial Direct Co's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 was €3.71. Therefore, MSC Industrial Direct Co's PE Ratio without NRI for today is 27.82.
During the past 13 years, MSC Industrial Direct Co's highest PE Ratio without NRI was 28.42. The lowest was 9.89. And the median was 16.73.
MSC Industrial Direct Co (FRA:98M) 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.
MSC Industrial Direct Co PE Ratio without NRI Related Terms
MSC Industrial Direct Co PE Ratio without NRI Historical Data
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The historical data trend for MSC Industrial Direct Co'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.
MSC Industrial Direct Co PE Ratio without NRI Chart
FRA:98M vs POOL, XMTR, SITE: PE Ratio without NRI Comparison
For the Industrial Distribution subindustry, MSC Industrial Direct 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.
MSC Industrial Direct Co PE Ratio without NRI vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, MSC Industrial Direct Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where MSC Industrial Direct Co's PE Ratio without NRI falls into.
MSC Industrial Direct 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.
MSC Industrial Direct Co's Share Price of today is €103.20.
MSC Industrial Direct Co's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.71.
* 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.
MSC Industrial Direct Co (FRA:98M) has a PE Ratio without NRI of 27.82 as of Jul. 02, 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 MSC Industrial Direct Co and its competitors. This is 66% above median its historical median of 16.73. Over the past decade, MSC Industrial Direct Co's PE Ratio without NRI has ranged from 9.89 to 28.42. According to the industry distribution chart, MSC Industrial Direct Co ranks #94 out of 130 companies in the Industrial Distribution industry, placing it in the top 72.3%.
Is MSC Industrial Direct Co's PE Ratio without NRI too high?
MSC Industrial Direct Co's current PE Ratio without NRI of 27.82 is 66% above median its 10-year median of 16.73. Over the past 10 years, this metric has ranged from a low of 9.89 to a high of 28.42. The Industrial Distribution industry median PE Ratio without NRI is 17.26. MSC Industrial Direct Co's value of 27.82 is 61.2% above this industry median. Based on the distribution chart, MSC Industrial Direct Co ranks #94 out of 130 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, MSC Industrial Direct Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSC Industrial Direct Co's PE Ratio without NRI compare to POOL and XMTR?
According to the Industrial Distribution industry distribution chart, MSC Industrial Direct Co ranks #94 out of 130 companies for PE Ratio without NRI. This places MSC Industrial Direct Co in the lower half of its industry. The industry median PE Ratio without NRI is 17.26. MSC Industrial Direct Co's value of 27.82 is 61.2% above this benchmark. Historically, MSC Industrial Direct Co's own PE Ratio without NRI has ranged from 9.89 to 28.42 over the past decade. While the company's 10-year median is 16.73 vs. the industry median of 17.26, MSC Industrial Direct 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 an Industrial Distribution company?
The median PE Ratio without NRI among Industrial Distribution companies is 17.26, based on 130 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. MSC Industrial Direct Co's current PE Ratio without NRI of 27.82 is 61.2% 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 MSC Industrial Direct Co and its competitors. For the Industrial Distribution industry, the median PE Ratio without NRI is 17.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSC Industrial Direct Co's current PE Ratio without NRI is 27.82, which is 66% above median its own 10-year median of 16.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSC Industrial Direct Co stock overvalued right now?
Based on GuruFocus' analysis, MSC Industrial Direct Co (FRA:98M) is currently considered Significantly Overvalued. The stock's GF Value™ is €76.62, compared to a current price of €103.20 — trading 34.7% above its estimated fair value. The current PE Ratio without NRI is 27.82, which is 66% above median its 10-year median of 16.73 and 61.2% above the Industrial Distribution industry median of 17.26. MSC Industrial Direct Co's overall GF Score™ is 81/100 with 8 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 MSC Industrial Direct Co (FRA:98M), the current PE Ratio without NRI is 27.82 as of Jul. 02, 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 MSC Industrial Direct Co (FRA:98M) Overvalued in 2026?
Based on GuruFocus' analysis, MSC Industrial Direct Co stock appears to be overvalued.
The current stock price of €103.20 is trading 34.7% above its estimated GF Value™ of €76.62.
GuruFocus considers MSC Industrial Direct Co to be Significantly Overvalued.
Key valuation signals for FRA:98M:
PE Ratio without NRI: 27.82 (66% above median its 10-year median of 16.73)
GF Value™: €76.62 vs. price of €103.20 (34.7% above fair value)
Industry Position: 61.2% above the Industrial Distribution median (#94 of 130)
No single metric tells the full story. See the FRA:98M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1941, MSC Industrial Direct originally manufactured and sold cutting tools to metalworking shops in New York. Through a series of acquisitions and organic expansions, MSC has grown into an industrial distribution powerhouse with a focus on specialized metalworking products and services. The firm also distributes a wide breadth of maintenance, repair, and operations supplies. MSC primarily operates in North America, where it derives over 95% of its revenue.
81GF Score
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