Combined Motor HoldingsJSE:CMH +1.65%92 PE Ratio without NRI is 7.45 as of Jul. 07, 2026, which is 5% above its 10-year median of 7.07. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R38.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,020 Vehicles & Parts companies, Combined Motor Holdings ranks better than 85.29% 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 (2026-07-07), Combined Motor Holdings's share price is R39.49.
Combined Motor Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R5.30. Therefore, Combined Motor Holdings's PE Ratio without NRI for today is 7.45.
During the past 13 years, Combined Motor Holdings's highest PE Ratio without NRI was 12.54. The lowest was 3.73. And the median was 7.07.
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings PE Ratio without NRI Related Terms
Combined Motor Holdings PE Ratio without NRI Historical Data
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The historical data trend for Combined Motor Holdings'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.
Combined Motor Holdings PE Ratio without NRI Chart
JSE:CMH vs CVNA, PAG, ALTB: PE Ratio without NRI Comparison
For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.
Combined Motor Holdings PE Ratio without NRI vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's PE Ratio without NRI falls into.
Combined Motor Holdings 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.
Combined Motor Holdings's Share Price of today is R39.49.
For company reported semi-annually, Combined Motor Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R5.30.
* 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.
Combined Motor Holdings (JSE:CMH) has a PE Ratio without NRI of 7.45 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 Combined Motor Holdings and its competitors. This is near median its historical median of 7.07. Over the past decade, Combined Motor Holdings' PE Ratio without NRI has ranged from 3.73 to 12.54. According to the industry distribution chart, Combined Motor Holdings ranks #150 out of 1020 companies in the Vehicles & Parts industry, placing it in the top 14.7%.
Is Combined Motor Holdings' PE Ratio without NRI too high?
Combined Motor Holdings' current PE Ratio without NRI of 7.45 is near median its 10-year median of 7.07. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 12.54. The Vehicles & Parts industry median PE Ratio without NRI is 16.94. Combined Motor Holdings' value of 7.45 is 56% below this industry median. Based on the distribution chart, Combined Motor Holdings ranks #150 out of 1020 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' PE Ratio without NRI compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #150 out of 1020 companies for PE Ratio without NRI. This places Combined Motor Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 16.94. Combined Motor Holdings' value of 7.45 is 56% below this benchmark. Historically, Combined Motor Holdings' own PE Ratio without NRI has ranged from 3.73 to 12.54 over the past decade. While the company's 10-year median is 7.07 vs. the industry median of 16.94, Combined Motor Holdings 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 Vehicles & Parts company?
The median PE Ratio without NRI among Vehicles & Parts companies is 16.94, based on 1,020 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. Combined Motor Holdings's current PE Ratio without NRI of 7.45 is 56% 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 Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median PE Ratio without NRI is 16.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current PE Ratio without NRI is 7.45, which is near median its own 10-year median of 7.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R38.86, compared to a current price of R39.49 — trading 1.6% above its estimated fair value. The current PE Ratio without NRI is 7.45, which is near median its 10-year median of 7.07 and 56% below the Vehicles & Parts industry median of 16.94. Combined Motor Holdings' overall GF Score™ is 92/100 with 2 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 Combined Motor Holdings (JSE:CMH), the current PE Ratio without NRI is 7.45 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued.
The current stock price of R39.49 is trading 1.6% above its estimated GF Value™ of R38.86.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
PE Ratio without NRI: 7.45 (near median its 10-year median of 7.07)
GF Value™: R38.86 vs. price of R39.49 (1.6% above fair value)
Industry Position: 56% below the Vehicles & Parts median (#150 of 1020)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
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