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China Renewable Energy InvestmentHKSE:00987 44 PE Ratio without NRI is 22.44 as of Aug. 04, 2026, which is 157% above its 10-year median of 8.72. GuruFocus rates HKSE:00987 with a GF Score™ of 44/100 and a GF Value™ of HK$0.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 296 Utilities - Independent Power Producers companies, China Renewable Energy Investment ranks worse than 52.36% 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 (2026-08-04), China Renewable Energy Investment's share price is HK$0.202.
China Renewable Energy Investment's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.01. Therefore, China Renewable Energy Investment's PE Ratio without NRI for today is 22.44.
During the past 13 years, China Renewable Energy Investment's highest PE Ratio without NRI was 25.33. The lowest was 3.94. And the median was 8.72.
China Renewable Energy Investment (HKSE:00987) 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.
China Renewable Energy Investment PE Ratio without NRI Related Terms
China Renewable Energy Investment PE Ratio without NRI Historical Data
* 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.
China Renewable Energy Investment PE Ratio without NRI Chart
China Renewable Energy Investment PE Ratio without NRI Competitor Comparison
For the Utilities - Renewable subindustry, China Renewable Energy Investment'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.
China Renewable Energy Investment PE Ratio without NRI vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Renewable Energy Investment's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where China Renewable Energy Investment's PE Ratio without NRI falls into.
China Renewable Energy Investment 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.
China Renewable Energy Investment's Share Price of today is HK$0.202.
For company reported semi-annually, China Renewable Energy Investment'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$0.01.
* 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.
China Renewable Energy Investment (HKSE:00987) has a PE Ratio without NRI of 22.44 as of Aug. 04, 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 China Renewable Energy Investment and its competitors. This is 157% above median its historical median of 8.72. Over the past decade, China Renewable Energy Investment's PE Ratio without NRI has ranged from 3.94 to 25.33. According to the industry distribution chart, China Renewable Energy Investment ranks #155 out of 296 companies in the Utilities - Independent Power Producers industry, placing it in the top 52.4%.
Is China Renewable Energy Investment's PE Ratio without NRI too high?
China Renewable Energy Investment's current PE Ratio without NRI of 22.44 is 157% above median its 10-year median of 8.72. Over the past 10 years, this metric has ranged from a low of 3.94 to a high of 25.33. The Utilities - Independent Power Producers industry median PE Ratio without NRI is 21.00. China Renewable Energy Investment's value of 22.44 is 6.9% above this industry median. Based on the distribution chart, China Renewable Energy Investment ranks #155 out of 296 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, China Renewable Energy Investment has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Renewable Energy Investment's PE Ratio without NRI compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Renewable Energy Investment ranks #155 out of 296 companies for PE Ratio without NRI. This places China Renewable Energy Investment in the lower half of its industry. The industry median PE Ratio without NRI is 21.00. China Renewable Energy Investment's value of 22.44 is 6.9% above this benchmark. Historically, China Renewable Energy Investment's own PE Ratio without NRI has ranged from 3.94 to 25.33 over the past decade. While the company's 10-year median is 8.72 vs. the industry median of 21.00, China Renewable Energy Investment 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 21.00, 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. China Renewable Energy Investment's current PE Ratio without NRI of 22.44 is 6.9% 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 China Renewable Energy Investment and its competitors. For the Utilities - Independent Power Producers industry, the median PE Ratio without NRI is 21.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Renewable Energy Investment's current PE Ratio without NRI is 22.44, which is 157% above median its own 10-year median of 8.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Renewable Energy Investment stock overvalued right now?
Based on GuruFocus' analysis, China Renewable Energy Investment (HKSE:00987) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.20 — trading 68.3% above its estimated fair value. The current PE Ratio without NRI is 22.44, which is 157% above median its 10-year median of 8.72 and 6.9% above the Utilities - Independent Power Producers industry median of 21.00. China Renewable Energy Investment's overall GF Score™ is 44/100 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 China Renewable Energy Investment (HKSE:00987), the current PE Ratio without NRI is 22.44 as of Aug. 04, 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 China Renewable Energy Investment (HKSE:00987) Overvalued in 2026?
Based on GuruFocus' analysis, China Renewable Energy Investment stock appears to be overvalued.
The current stock price of HK$0.20 is trading 68.3% above its estimated GF Value™ of HK$0.12.
GuruFocus considers China Renewable Energy Investment to be Significantly Overvalued.
Key valuation signals for HKSE:00987:
PE Ratio without NRI: 22.44 (157% above median its 10-year median of 8.72)
GF Value™: HK$0.12 vs. price of HK$0.20 (68.3% above fair value)
Industry Position: 6.9% above the Utilities - Independent Power Producers median (#155 of 296)
No single metric tells the full story. See the HKSE:00987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Renewable Energy Investment Ltd are principally engaged in renewable energy business. The Group has operations mainly in the People's Republic of China. It is an investment holding company. The Group has a single reportable segment which is renewable energy segment. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe Wind Farm, Changma Wind Farm, Lunaobao Wind Farm, Songxian Wind Farm, Nanxun Distributed Solar Project.
44GF Score
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