Churchill China (FRA:EQW) PE Ratio without NRI: 8.26 (As of Jul. 12, 2026) — 58% Below Median


FRA:EQW Churchill China PLC FRA:EQW
57 GF Score
Price €3.80
GF Value €11.04
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Churchill China PE Ratio without NRI?

Churchill China FRA:EQW 57 PE Ratio without NRI is 8.26 as of Jul. 12, 2026, which is 58% below its 10-year median of 19.66. GuruFocus rates FRA:EQW with a GF Score™ of 57/100 and a GF Value™ of €11.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 296 Furnishings, Fixtures & Appliances companies, Churchill China ranks better than 86.15% 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 (2026-07-12), Churchill China's share price is €3.80. Churchill China's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46. Therefore, Churchill China's PE Ratio without NRI for today is 8.26.

During the past 13 years, Churchill China's highest PE Ratio without NRI was 311.54. The lowest was 5.79. And the median was 19.66.

Churchill China's EPS without NRI for the six months ended in Dec. 2025 was €0.21. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46.

As of today (2026-07-12), Churchill China's share price is €3.80. Churchill China's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46. Therefore, Churchill China's PE Ratio (TTM) for today is 8.26.

During the past years, Churchill China's highest PE Ratio (TTM) was 2025.00. The lowest was 5.79. And the median was 19.19.

Churchill China's EPS (Diluted) for the six months ended in Dec. 2025 was €0.21. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46.

Churchill China's EPS (Basic) for the six months ended in Dec. 2025 was €0.21. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46.


Churchill China  (FRA:EQW) 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.


Churchill China PE Ratio without NRI Related Terms


Churchill China PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Churchill China'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.

Churchill China PE Ratio without NRI Chart

Churchill China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.63 17.56 20.66 12.09 8.56

Churchill China Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 20.66 At Loss 12.09 At Loss 8.56

FRA:EQW vs SN, SGI, MHK: PE Ratio without NRI Comparison

For the Furnishings, Fixtures & Appliances subindustry, Churchill China'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.


Churchill China PE Ratio without NRI vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Churchill China's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Churchill China's PE Ratio without NRI falls into.


FRA:EQW
57GF Score
Churchill China PLC FRA:EQW
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Churchill China 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.

Churchill China's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=3.80/0.460
=8.26

Churchill China's Share Price of today is €3.80.
For company reported semi-annually, Churchill China's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.46.

* 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 8.26 mean?
Churchill China (FRA:EQW) has a PE Ratio without NRI of 8.26 as of Jul. 12, 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 Churchill China and its competitors. This is 58% below median its historical median of 19.66. Over the past decade, Churchill China's PE Ratio without NRI has ranged from 5.79 to 311.54. According to the industry distribution chart, Churchill China ranks #41 out of 296 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 13.9%.
Is Churchill China's PE Ratio without NRI too high?
Churchill China's current PE Ratio without NRI of 8.26 is 58% below median its 10-year median of 19.66. Over the past 10 years, this metric has ranged from a low of 5.79 to a high of 311.54. The Furnishings, Fixtures & Appliances industry median PE Ratio without NRI is 17.93. Churchill China's value of 8.26 is 53.9% below this industry median. Based on the distribution chart, Churchill China ranks #41 out of 296 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Churchill China has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Churchill China's PE Ratio without NRI compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Churchill China ranks #41 out of 296 companies for PE Ratio without NRI. This places Churchill China in the top 14% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 17.93. Churchill China's value of 8.26 is 53.9% below this benchmark. Historically, Churchill China's own PE Ratio without NRI has ranged from 5.79 to 311.54 over the past decade. While the company's 10-year median is 19.66 vs. the industry median of 17.93, Churchill China 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 Furnishings, Fixtures & Appliances company?
The median PE Ratio without NRI among Furnishings, Fixtures & Appliances companies is 17.93, based on 296 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. Churchill China's current PE Ratio without NRI of 8.26 is 53.9% 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 Churchill China and its competitors. For the Furnishings, Fixtures & Appliances industry, the median PE Ratio without NRI is 17.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill China's current PE Ratio without NRI is 8.26, which is 58% below median its own 10-year median of 19.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill China stock overvalued right now?
Based on GuruFocus' analysis, Churchill China (FRA:EQW) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.04, compared to a current price of €3.80 — trading 65.6% below its estimated fair value. The current PE Ratio without NRI is 8.26, which is 58% below median its 10-year median of 19.66 and 53.9% below the Furnishings, Fixtures & Appliances industry median of 17.93. Churchill China's overall GF Score™ is 57/100 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 Churchill China (FRA:EQW), the current PE Ratio without NRI is 8.26 as of Jul. 12, 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 Churchill China (FRA:EQW) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill China stock appears to be undervalued. The current stock price of €3.80 is trading 65.6% below its estimated GF Value™ of €11.04. GuruFocus considers Churchill China to be Significantly Undervalued.

Key valuation signals for FRA:EQW:

  • PE Ratio without NRI: 8.26 (58% below median its 10-year median of 19.66)
  • GF Value™: €11.04 vs. price of €3.80 (65.6% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 53.9% below the Furnishings, Fixtures & Appliances median (#41 of 296)

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


Churchill China Business Description

Other Exchanges CHH:UK
Address No.1 Marlborough Way, Tunstall, Stoke-on-Trent, Staffordshire, GBR, ST6 5NZ
Churchill China PLC is a British pottery manufacturer. It is a manufacturer and distributor of tabletop products. Its customers include the pub, restaurant and hotel chains, sports and conference venues, health and education establishments and contract caterers. Its segments include Ceramics, the sale of ceramic tableware and complimentary items, and Materials, the sale of materials for the production of ceramics, to the tableware industry, majority of its revenue is generated from Ceramics segment. The company operates in the UK, Rest of Europe, USA and Rest of the World.
57GF Score

Get the complete analysis for FRA:EQW

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

€3.80
Price
€11.04
GF Value