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Tess Holdings CoFRA:9VI -5.85%67 PE Ratio without NRI is 70.18 as of Jul. 14, 2026, which is 136% above its 10-year median of 29.73. GuruFocus rates FRA:9VI with a GF Score™ of 67/100 and a GF Value™ of €3.23. The stock has 6 warning signs investors should review. Among 294 Utilities - Independent Power Producers companies, Tess Holdings Co ranks worse than 82.99% 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 (2026-07-14), Tess Holdings Co's share price is €3.86.
Tess Holdings Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.06. Therefore, Tess Holdings Co's PE Ratio without NRI for today is 70.18.
During the past 7 years, Tess Holdings Co's highest PE Ratio without NRI was 223.21. The lowest was 8.73. And the median was 29.73.
During the past years, Tess Holdings Co's highestPE Ratio (TTM) was 199.90. The lowest was 7.56. And the median was 22.38.
Tess Holdings Co's
EPS (Diluted) for the
three
months ended in Dec. 2025 was €0.10.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.06.
Tess Holdings Co's EPS (Basic) for the
three
months ended in Dec. 2025 was €0.10.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.06.
Tess Holdings Co (FRA:9VI) 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.
Tess Holdings Co PE Ratio without NRI Related Terms
Tess Holdings Co PE Ratio without NRI Historical Data
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The historical data trend for Tess Holdings 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.
Tess Holdings Co PE Ratio without NRI Competitor Comparison
For the Utilities - Renewable subindustry, Tess Holdings 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.
Tess Holdings Co PE Ratio without NRI vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tess Holdings Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Tess Holdings Co's PE Ratio without NRI falls into.
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.
Tess Holdings Co's PE Ratio without NRI for today is calculated as
Tess Holdings Co's Share Price of today is €3.86.
Tess Holdings Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.06.
* 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.
Tess Holdings Co (FRA:9VI) has a PE Ratio without NRI of 70.18 as of Jul. 14, 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 Tess Holdings Co and its competitors. This is 136% above median its historical median of 29.73. Over the past decade, Tess Holdings Co's PE Ratio without NRI has ranged from 8.73 to 223.21. According to the industry distribution chart, Tess Holdings Co ranks #244 out of 294 companies in the Utilities - Independent Power Producers industry, placing it in the top 83%.
Is Tess Holdings Co's PE Ratio without NRI too high?
Tess Holdings Co's current PE Ratio without NRI of 70.18 is 136% above median its 10-year median of 29.73. Over the past 10 years, this metric has ranged from a low of 8.73 to a high of 223.21. The Utilities - Independent Power Producers industry median PE Ratio without NRI is 19.80. Tess Holdings Co's value of 70.18 is 254.4% above this industry median. Based on the distribution chart, Tess Holdings Co ranks #244 out of 294 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Tess Holdings Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Tess Holdings Co's PE Ratio without NRI compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tess Holdings Co ranks #244 out of 294 companies for PE Ratio without NRI. This places Tess Holdings Co in the lower half of its industry. The industry median PE Ratio without NRI is 19.80. Tess Holdings Co's value of 70.18 is 254.4% above this benchmark. Historically, Tess Holdings Co's own PE Ratio without NRI has ranged from 8.73 to 223.21 over the past decade. While the company's 10-year median is 29.73 vs. the industry median of 19.80, Tess Holdings 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 Utilities - Independent Power Producers company?
The median PE Ratio without NRI among Utilities - Independent Power Producers companies is 19.80, based on 294 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. Tess Holdings Co's current PE Ratio without NRI of 70.18 is 254.4% 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 Tess Holdings Co and its competitors. For the Utilities - Independent Power Producers industry, the median PE Ratio without NRI is 19.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tess Holdings Co's current PE Ratio without NRI is 70.18, which is 136% above median its own 10-year median of 29.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tess Holdings Co stock overvalued right now?
Tess Holdings Co (FRA:9VI) has a current PE Ratio without NRI of 70.18. The stock's GF Value™ is €3.23, compared to a current price of €3.86 — trading 19.5% above its estimated fair value. The current PE Ratio without NRI is 70.18, which is 136% above median its 10-year median of 29.73 and 254.4% above the Utilities - Independent Power Producers industry median of 19.80. Tess Holdings Co's overall GF Score™ is 67/100 with 6 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 Tess Holdings Co (FRA:9VI), the current PE Ratio without NRI is 70.18 as of Jul. 14, 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 Tess Holdings Co (FRA:9VI) Overvalued in 2026?
Based on GuruFocus' analysis, Tess Holdings Co stock appears to be overvalued.
The current stock price of €3.86 is trading 19.5% above its estimated GF Value™ of €3.23.
Key valuation signals for FRA:9VI:
PE Ratio without NRI: 70.18 (136% above median its 10-year median of 29.73)
GF Value™: €3.23 vs. price of €3.86 (19.5% above fair value)
Industry Position: 254.4% above the Utilities - Independent Power Producers median (#244 of 294)
No single metric tells the full story. See the FRA:9VI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.
67GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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