Bellini Nautica SpA (FRA:F2F) PE Ratio without NRI: 218.46 (As of Jun. 28, 2026) — 1114% Above Median


FRA:F2F Bellini Nautica SpA FRA:F2F
79 GF Score
Price €2.84
GF Value €4.51
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Bellini Nautica SpA PE Ratio without NRI?

Bellini Nautica SpA FRA:F2F -0.70% 79 PE Ratio without NRI is 218.46 as of Jun. 28, 2026, which is 1114% above its 10-year median of 17.99. GuruFocus rates FRA:F2F with a GF Score™ of 79/100 and a GF Value™ of €4.51 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,021 Vehicles & Parts companies, Bellini Nautica SpA ranks worse than 98.04% 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 (2026-06-28), Bellini Nautica SpA's share price is €2.84. Bellini Nautica SpA's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.01. Therefore, Bellini Nautica SpA's PE Ratio without NRI for today is 218.46.

During the past 6 years, Bellini Nautica SpA's highest PE Ratio without NRI was 241.54. The lowest was 8.49. And the median was 17.99.

Bellini Nautica SpA's EPS without NRI for the six months ended in Dec. 2025 was €-0.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €0.01.

As of today (2026-06-28), Bellini Nautica SpA's share price is €2.84. Bellini Nautica SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.01. Therefore, Bellini Nautica SpA's PE Ratio (TTM) for today is 218.46.

Warning Sign:

Bellini Nautica SpA stock PE Ratio (=224.29) is close to 5-year high of 224.29.

During the past years, Bellini Nautica SpA's highest PE Ratio (TTM) was 241.54. The lowest was 10.00. And the median was 23.58.

Bellini Nautica SpA's EPS (Diluted) for the six months ended in Dec. 2025 was €-0.01. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.01.

Bellini Nautica SpA's EPS (Basic) for the six months ended in Dec. 2025 was €-0.01. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.01.


Bellini Nautica SpA  (FRA:F2F) 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.


Bellini Nautica SpA PE Ratio without NRI Related Terms


Bellini Nautica SpA PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Bellini Nautica SpA'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.

Bellini Nautica SpA PE Ratio without NRI Chart

Bellini Nautica SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio without NRI
Get a 7-Day Free Trial N/A 14.39 33.78 At Loss 181.43

Bellini Nautica SpA Semi-Annual Data
Dec20 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 33.78 At Loss At Loss At Loss 181.43

FRA:F2F vs BC, THO, PII: PE Ratio without NRI Comparison

For the Recreational Vehicles subindustry, Bellini Nautica SpA'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.


Bellini Nautica SpA PE Ratio without NRI vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bellini Nautica SpA's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Bellini Nautica SpA's PE Ratio without NRI falls into.


FRA:F2F
79GF Score
Bellini Nautica SpA FRA:F2F
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Bellini Nautica SpA 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.

Bellini Nautica SpA's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=2.84/0.013
=218.46

Bellini Nautica SpA's Share Price of today is €2.84.
For company reported semi-annually, Bellini Nautica SpA'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 €0.01.

* 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 218.46 mean?
Bellini Nautica SpA (FRA:F2F) has a PE Ratio without NRI of 218.46 as of Jun. 28, 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 Bellini Nautica SpA and its competitors. This is 1114% above median its historical median of 17.99. Over the past decade, Bellini Nautica SpA's PE Ratio without NRI has ranged from 8.49 to 241.54. According to the industry distribution chart, Bellini Nautica SpA ranks #1001 out of 1021 companies in the Vehicles & Parts industry, placing it in the top 98%.
Is Bellini Nautica SpA's PE Ratio without NRI too high?
Bellini Nautica SpA's current PE Ratio without NRI of 218.46 is 1114% above median its 10-year median of 17.99. Over the past 10 years, this metric has ranged from a low of 8.49 to a high of 241.54. The Vehicles & Parts industry median PE Ratio without NRI is 16.35. Bellini Nautica SpA's value of 218.46 is 1236.1% above this industry median. Based on the distribution chart, Bellini Nautica SpA ranks #1001 out of 1021 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Bellini Nautica SpA has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellini Nautica SpA's PE Ratio without NRI compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, Bellini Nautica SpA ranks #1001 out of 1021 companies for PE Ratio without NRI. This places Bellini Nautica SpA in the lower half of its industry. The industry median PE Ratio without NRI is 16.35. Bellini Nautica SpA's value of 218.46 is 1236.1% above this benchmark. Historically, Bellini Nautica SpA's own PE Ratio without NRI has ranged from 8.49 to 241.54 over the past decade. While the company's 10-year median is 17.99 vs. the industry median of 16.35, Bellini Nautica SpA 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 a Vehicles & Parts company?
The median PE Ratio without NRI among Vehicles & Parts companies is 16.35, based on 1,021 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. Bellini Nautica SpA's current PE Ratio without NRI of 218.46 is 1236.1% 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 Bellini Nautica SpA and its competitors. For the Vehicles & Parts industry, the median PE Ratio without NRI is 16.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellini Nautica SpA's current PE Ratio without NRI is 218.46, which is 1114% above median its own 10-year median of 17.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellini Nautica SpA stock overvalued right now?
Based on GuruFocus' analysis, Bellini Nautica SpA (FRA:F2F) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.51, compared to a current price of €2.84 — trading 37% below its estimated fair value. The current PE Ratio without NRI is 218.46, which is 1114% above median its 10-year median of 17.99 and 1236.1% above the Vehicles & Parts industry median of 16.35. Bellini Nautica SpA's overall GF Score™ is 79/100 with 5 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 Bellini Nautica SpA (FRA:F2F), the current PE Ratio without NRI is 218.46 as of Jun. 28, 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 Bellini Nautica SpA (FRA:F2F) Overvalued in 2026?

Based on GuruFocus' analysis, Bellini Nautica SpA stock appears to be undervalued. The current stock price of €2.84 is trading 37% below its estimated GF Value™ of €4.51. GuruFocus considers Bellini Nautica SpA to be Significantly Undervalued.

Key valuation signals for FRA:F2F:

  • PE Ratio without NRI: 218.46 (1114% above median its 10-year median of 17.99)
  • GF Value™: €4.51 vs. price of €2.84 (37% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 1236.1% above the Vehicles & Parts median (#1001 of 1021)

No single metric tells the full story. See the FRA:F2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bellini Nautica SpA Business Description

Other Exchanges BELL:Italy
Address Via Carlo Lanza, 28, Clusane d'Iseo, Brescia, ITA, 25049
Bellini Nautica SpA offers recreational vehicles. It specializes in the commercialization of high-end pleasure boats, with its offerings spanning different kinds of boats such as the Bellini yachts like B Atelier and Astor 36, and Vintage Riva boats like Florida Shore, Riva Junior, Sebino Shore, and others. The company also offers boat-related maintenance and restoration services.
79GF Score

Get the complete analysis for FRA:F2F

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

€2.84
Price
€4.51
GF Value