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Kowloon Development CoHKSE:00034 +3.93%75 PE Ratio without NRI is 13.20 as of Sep. 06, 2026, which is 107% above its 10-year median of 6.39. GuruFocus rates HKSE:00034 with a GF Score™ of 75/100 and a GF Value™ of HK$5.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,177 Real Estate companies, Kowloon Development Co ranks worse than 52.85% 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 (2026-09-06), Kowloon Development Co's share price is HK$4.50.
Kowloon Development Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.34. Therefore, Kowloon Development Co's PE Ratio without NRI for today is 13.20.
During the past 13 years, Kowloon Development Co's highest PE Ratio without NRI was 20.90. The lowest was 3.41. And the median was 6.39.
Kowloon Development Co (HKSE:00034) 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.
Kowloon Development Co PE Ratio without NRI Related Terms
Kowloon Development Co PE Ratio without NRI Historical Data
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The historical data trend for Kowloon Development 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.
Kowloon Development Co PE Ratio without NRI Competitor Comparison
For the Real Estate - Development subindustry, Kowloon Development 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.
Kowloon Development Co PE Ratio without NRI vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Kowloon Development Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Kowloon Development Co's PE Ratio without NRI falls into.
Kowloon Development 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.
Kowloon Development Co's Share Price of today is HK$4.50.
For company reported semi-annually, Kowloon Development Co'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 HK$0.34.
* 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.
Kowloon Development Co (HKSE:00034) has a PE Ratio without NRI of 13.20 as of Sep. 06, 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 Kowloon Development Co and its competitors. This is 107% above median its historical median of 6.39. Over the past decade, Kowloon Development Co's PE Ratio without NRI has ranged from 3.41 to 20.90. According to the industry distribution chart, Kowloon Development Co ranks #622 out of 1177 companies in the Real Estate industry, placing it in the top 52.8%.
Is Kowloon Development Co's PE Ratio without NRI too high?
Kowloon Development Co's current PE Ratio without NRI of 13.20 is 107% above median its 10-year median of 6.39. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 20.90. The Real Estate industry median PE Ratio without NRI is 12.55. Kowloon Development Co's value of 13.20 is 5.2% above this industry median. Based on the distribution chart, Kowloon Development Co ranks #622 out of 1177 companies in the Real Estate industry, which is below the industry midpoint. Overall, Kowloon Development Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kowloon Development Co's PE Ratio without NRI compare to competitors?
According to the Real Estate industry distribution chart, Kowloon Development Co ranks #622 out of 1177 companies for PE Ratio without NRI. This places Kowloon Development Co in the lower half of its industry. The industry median PE Ratio without NRI is 12.55. Kowloon Development Co's value of 13.20 is 5.2% above this benchmark. Historically, Kowloon Development Co's own PE Ratio without NRI has ranged from 3.41 to 20.90 over the past decade. While the company's 10-year median is 6.39 vs. the industry median of 12.55, Kowloon Development 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 a Real Estate company?
The median PE Ratio without NRI among Real Estate companies is 12.55, based on 1,177 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. Kowloon Development Co's current PE Ratio without NRI of 13.20 is 5.2% 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 Kowloon Development Co and its competitors. For the Real Estate industry, the median PE Ratio without NRI is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kowloon Development Co's current PE Ratio without NRI is 13.20, which is 107% above median its own 10-year median of 6.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kowloon Development Co stock overvalued right now?
Based on GuruFocus' analysis, Kowloon Development Co (HKSE:00034) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$5.38, compared to a current price of HK$4.50 — trading 16.4% below its estimated fair value. The current PE Ratio without NRI is 13.20, which is 107% above median its 10-year median of 6.39 and 5.2% above the Real Estate industry median of 12.55. Kowloon Development Co's overall GF Score™ is 75/100 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 Kowloon Development Co (HKSE:00034), the current PE Ratio without NRI is 13.20 as of Sep. 06, 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 Kowloon Development Co (HKSE:00034) Overvalued in 2026?
Based on GuruFocus' analysis, Kowloon Development Co stock appears to be undervalued.
The current stock price of HK$4.50 is trading 16.4% below its estimated GF Value™ of HK$5.38.
GuruFocus considers Kowloon Development Co to be Modestly Undervalued.
Key valuation signals for HKSE:00034:
PE Ratio without NRI: 13.20 (107% above median its 10-year median of 6.39)
GF Value™: HK$5.38 vs. price of HK$4.50 (16.4% below fair value)
Industry Position: 5.2% above the Real Estate median (#622 of 1177)
No single metric tells the full story. See the HKSE:00034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.
75GF 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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