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 (2026-07-07), Zug Estates Holding AG's share price is €2300.00.
Zug Estates Holding AG's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was €86.18. Therefore, Zug Estates Holding AG's PE Ratio without NRI for today is 26.69.
During the past 13 years, Zug Estates Holding AG's highest PE Ratio without NRI was 307.23. The lowest was 11.72. And the median was 32.43.
Zug Estates Holding AG (FRA:ZEE) 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.
Zug Estates Holding AG PE Ratio without NRI Related Terms
Zug Estates Holding AG PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for Zug Estates Holding AG'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.
Zug Estates Holding AG PE Ratio without NRI Competitor Comparison
For the Real Estate - Diversified subindustry, Zug Estates Holding AG'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.
Zug Estates Holding AG PE Ratio without NRI vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Zug Estates Holding AG's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Zug Estates Holding AG's PE Ratio without NRI falls into.
Zug Estates Holding AG 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.
Zug Estates Holding AG's Share Price of today is €2300.00.
For company reported semi-annually, Zug Estates Holding AG'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 €86.18.
* 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.
Zug Estates Holding AG (FRA:ZEE) has a PE Ratio without NRI of 26.69 as of Jul. 07, 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 Zug Estates Holding AG and its competitors. This is 18% below median its historical median of 32.43. Over the past decade, Zug Estates Holding AG's PE Ratio without NRI has ranged from 11.72 to 307.23. According to the industry distribution chart, Zug Estates Holding AG ranks #899 out of 1191 companies in the Real Estate industry, placing it in the top 75.5%.
Is Zug Estates Holding AG's PE Ratio without NRI too high?
Zug Estates Holding AG's current PE Ratio without NRI of 26.69 is 18% below median its 10-year median of 32.43. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 307.23. The Real Estate industry median PE Ratio without NRI is 13.06. Zug Estates Holding AG's value of 26.69 is 104.4% above this industry median. Based on the distribution chart, Zug Estates Holding AG ranks #899 out of 1191 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Zug Estates Holding AG has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Zug Estates Holding AG's PE Ratio without NRI compare to competitors?
According to the Real Estate industry distribution chart, Zug Estates Holding AG ranks #899 out of 1191 companies for PE Ratio without NRI. This places Zug Estates Holding AG in the lower half of its industry. The industry median PE Ratio without NRI is 13.06. Zug Estates Holding AG's value of 26.69 is 104.4% above this benchmark. Historically, Zug Estates Holding AG's own PE Ratio without NRI has ranged from 11.72 to 307.23 over the past decade. While the company's 10-year median is 32.43 vs. the industry median of 13.06, Zug Estates Holding AG 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 Real Estate company?
The median PE Ratio without NRI among Real Estate companies is 13.06, based on 1,191 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. Zug Estates Holding AG's current PE Ratio without NRI of 26.69 is 104.4% 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 Zug Estates Holding AG and its competitors. For the Real Estate industry, the median PE Ratio without NRI is 13.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zug Estates Holding AG's current PE Ratio without NRI is 26.69, which is 18% below median its own 10-year median of 32.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zug Estates Holding AG stock overvalued right now?
Zug Estates Holding AG (FRA:ZEE) has a current PE Ratio without NRI of 26.69. The stock's GF Value™ is €2,129.15, compared to a current price of €2,300.00 — trading 8% above its estimated fair value. The current PE Ratio without NRI is 26.69, which is 18% below median its 10-year median of 32.43 and 104.4% above the Real Estate industry median of 13.06. Zug Estates Holding AG's overall GF Score™ is 69/100 with 3 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 Zug Estates Holding AG (FRA:ZEE), the current PE Ratio without NRI is 26.69 as of Jul. 07, 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 Zug Estates Holding AG (FRA:ZEE) Overvalued in 2026?
Based on GuruFocus' analysis, Zug Estates Holding AG stock appears to be overvalued.
The current stock price of €2,300.00 is trading 8% above its estimated GF Value™ of €2,129.15.
Key valuation signals for FRA:ZEE:
PE Ratio without NRI: 26.69 (18% below median its 10-year median of 32.43)
GF Value™: €2,129.15 vs. price of €2,300.00 (8% above fair value)
Industry Position: 104.4% above the Real Estate median (#899 of 1191)
No single metric tells the full story. See the FRA:ZEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zug Estates Holding AG develops, markets and manages properties in the Zug region. The business activities are functioned through Real Estate and hotel and catering segments. It generates maximum revenue from the Real Estate segment. The real estate segment operates primarily in the areas of product development and management. The project development department develops and oversees its own construction projects, mainly for the Group portfolio. Its management department provides property management services for third parties and the Group portfolio.
69GF Score
Get the complete analysis for FRA:ZEE
PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ZEE has been successfully added to your 
