ISA Holdings (JSE:ISA) PE Ratio without NRI: 11.48 (As of Jul. 01, 2026) — 25% Above Median


JSE:ISA ISA Holdings Ltd JSE:ISA
88 GF Score
Price R2.10
GF Value R2.23
Valuation Fairly Valued
! 3 Warning Signs
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What is ISA Holdings PE Ratio without NRI?

ISA Holdings JSE:ISA +4.48% 88 PE Ratio without NRI is 11.48 as of Jul. 01, 2026, which is 25% above its 10-year median of 9.19. GuruFocus rates JSE:ISA with a GF Score™ of 88/100 and a GF Value™ of R2.23 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,720 Software companies, ISA Holdings ranks better than 77.27% 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 (2026-07-01), ISA Holdings's share price is R2.10. ISA Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R0.18. Therefore, ISA Holdings's PE Ratio without NRI for today is 11.48.

During the past 13 years, ISA Holdings's highest PE Ratio without NRI was 15.30. The lowest was 2.40. And the median was 9.19.

ISA Holdings's EPS without NRI for the six months ended in Feb. 2026 was R0.09. Its EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R0.18.

As of today (2026-07-01), ISA Holdings's share price is R2.10. ISA Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R0.18. Therefore, ISA Holdings's PE Ratio (TTM) for today is 11.48.

During the past years, ISA Holdings's highest PE Ratio (TTM) was 15.21. The lowest was 2.40. And the median was 9.19.

ISA Holdings's EPS (Diluted) for the six months ended in Feb. 2026 was R0.09. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R0.18.

ISA Holdings's EPS (Basic) for the six months ended in Feb. 2026 was R0.09. Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2026 was R0.18.


ISA Holdings  (JSE:ISA) 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.


ISA Holdings PE Ratio without NRI Related Terms


ISA Holdings PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for ISA 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.

ISA Holdings PE Ratio without NRI Chart

ISA Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.90 8.14 7.35 11.39 12.57

ISA Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
PE Ratio without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.35 At Loss 11.39 At Loss 12.57

JSE:ISA vs MSFT, ORCL, PLTR: PE Ratio without NRI Comparison

For the Software - Infrastructure subindustry, ISA 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.


ISA Holdings PE Ratio without NRI vs Software Industry

For the Software industry and Technology sector, ISA Holdings's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where ISA Holdings's PE Ratio without NRI falls into.


JSE:ISA
88GF Score
ISA Holdings Ltd JSE:ISA
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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ISA 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.

ISA Holdings's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=2.10/0.183
=11.48

ISA Holdings's Share Price of today is R2.10.
For company reported semi-annually, ISA 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 R0.18.

* 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.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 11.48 mean?
ISA Holdings (JSE:ISA) has a PE Ratio without NRI of 11.48 as of Jul. 01, 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 ISA Holdings and its competitors. This is 25% above median its historical median of 9.19. Over the past decade, ISA Holdings' PE Ratio without NRI has ranged from 2.40 to 15.30. According to the industry distribution chart, ISA Holdings ranks #391 out of 1720 companies in the Software industry, placing it in the top 22.7%.
Is ISA Holdings' PE Ratio without NRI too high?
ISA Holdings' current PE Ratio without NRI of 11.48 is 25% above median its 10-year median of 9.19. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 15.30. The Software industry median PE Ratio without NRI is 20.13. ISA Holdings' value of 11.48 is 43% below this industry median. Based on the distribution chart, ISA Holdings ranks #391 out of 1720 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, ISA Holdings has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ISA Holdings' PE Ratio without NRI compare to MSFT and ORCL?
According to the Software industry distribution chart, ISA Holdings ranks #391 out of 1720 companies for PE Ratio without NRI. This places ISA Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 20.13. ISA Holdings' value of 11.48 is 43% below this benchmark. Historically, ISA Holdings' own PE Ratio without NRI has ranged from 2.40 to 15.30 over the past decade. While the company's 10-year median is 9.19 vs. the industry median of 20.13, ISA 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 Software company?
The median PE Ratio without NRI among Software companies is 20.13, based on 1,720 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. ISA Holdings's current PE Ratio without NRI of 11.48 is 43% 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 ISA Holdings and its competitors. For the Software industry, the median PE Ratio without NRI is 20.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ISA Holdings's current PE Ratio without NRI is 11.48, which is 25% above median its own 10-year median of 9.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ISA Holdings (JSE:ISA) is currently considered Fairly Valued. The stock's GF Value™ is R2.23, compared to a current price of R2.10 — trading 5.8% below its estimated fair value. The current PE Ratio without NRI is 11.48, which is 25% above median its 10-year median of 9.19 and 43% below the Software industry median of 20.13. ISA Holdings' overall GF Score™ is 88/100 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 ISA Holdings (JSE:ISA), the current PE Ratio without NRI is 11.48 as of Jul. 01, 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 ISA Holdings (JSE:ISA) Overvalued in 2026?

Based on GuruFocus' analysis, ISA Holdings stock appears to be undervalued. The current stock price of R2.10 is trading 5.8% below its estimated GF Value™ of R2.23. GuruFocus considers ISA Holdings to be Fairly Valued.

Key valuation signals for JSE:ISA:

  • PE Ratio without NRI: 11.48 (25% above median its 10-year median of 9.19)
  • GF Value™: R2.23 vs. price of R2.10 (5.8% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 43% below the Software median (#391 of 1720)

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


ISA Holdings Business Description

Address 33 Riley Road, Block 9, Pinewood Office Park, Woodmead, Sandton, Johannesburg, GT, ZAF, 2146
ISA Holdings Ltd is an investment holding company. The company, through its subsidiary, provides network, Internet, and information security solutions to the sub-Saharan African market. Its business is to discover, design, deliver, deploy, and manage its bespoke Information and Communication Technology (ICT) security infrastructure. Its technology offerings include firewalls, anti-virus, authentication, remote access, content security, intrusion protection, virtual private networking, vulnerability assessment, messaging and data protection, and identity and access management. The company generates a majority of its revenue from its business in South Africa.
88GF 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.

R2.10
Price
R2.23
GF Value