Ajinomoto CoMEX:2802N 79 PE Ratio without NRI is 19.14 as of Jun. 24, 2026, which is 41% below its 10-year median of 32.55. GuruFocus rates MEX:2802N with a GF Score™ of 79/100 and a GF Value™ of MXN206.37. The stock has 6 warning signs investors should review. Among 1,457 Consumer Packaged Goods companies, Ajinomoto Co ranks worse than 84.83% 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 (2026-06-24), Ajinomoto Co's share price is MXN316.69.
Ajinomoto Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN16.55. Therefore, Ajinomoto Co's PE Ratio without NRI for today is 19.14.
During the past 13 years, Ajinomoto Co's highest PE Ratio without NRI was 118.73. The lowest was 18.50. And the median was 32.55.
Ajinomoto Co's EPS without NRI for the
three
months ended in Mar. 2026 was MXN5.29.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN16.55.
During the past years, Ajinomoto Co's highestPE Ratio (TTM) was 106.64. The lowest was 17.88. And the median was 31.47.
Ajinomoto Co's
EPS (Diluted) for the
three
months ended in Mar. 2026 was MXN5.29.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN16.55.
Ajinomoto Co's EPS (Basic) for the
three
months ended in Mar. 2026 was MXN5.29.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN16.55.
Ajinomoto Co (MEX:2802N) 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.
Ajinomoto Co PE Ratio without NRI Related Terms
Ajinomoto Co PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for Ajinomoto 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.
MEX:2802N vs KHC, GIS: PE Ratio without NRI Comparison
For the Packaged Foods subindustry, Ajinomoto 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.
Ajinomoto Co PE Ratio without NRI vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Ajinomoto Co's PE Ratio without NRI falls into.
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.
Ajinomoto Co's PE Ratio without NRI for today is calculated as
Ajinomoto Co's Share Price of today is MXN316.69.
Ajinomoto Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN16.55.
* 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.
Ajinomoto Co (MEX:2802N) has a PE Ratio without NRI of 19.14 as of Jun. 24, 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 Ajinomoto Co and its competitors. This is 41% below median its historical median of 32.55. Over the past decade, Ajinomoto Co's PE Ratio without NRI has ranged from 18.50 to 118.73. According to the industry distribution chart, Ajinomoto Co ranks #1236 out of 1457 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Ajinomoto Co's PE Ratio without NRI too high?
Ajinomoto Co's current PE Ratio without NRI of 19.14 is 41% below median its 10-year median of 32.55. Over the past 10 years, this metric has ranged from a low of 18.50 to a high of 118.73. The Consumer Packaged Goods industry median PE Ratio without NRI is 15.88. Ajinomoto Co's value of 19.14 is 20.5% above this industry median. Based on the distribution chart, Ajinomoto Co ranks #1236 out of 1457 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ajinomoto Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's PE Ratio without NRI compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ajinomoto Co ranks #1236 out of 1457 companies for PE Ratio without NRI. This places Ajinomoto Co in the lower half of its industry. The industry median PE Ratio without NRI is 15.88. Ajinomoto Co's value of 19.14 is 20.5% above this benchmark. Historically, Ajinomoto Co's own PE Ratio without NRI has ranged from 18.50 to 118.73 over the past decade. While the company's 10-year median is 32.55 vs. the industry median of 15.88, Ajinomoto 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 Consumer Packaged Goods company?
The median PE Ratio without NRI among Consumer Packaged Goods companies is 15.88, based on 1,457 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. Ajinomoto Co's current PE Ratio without NRI of 19.14 is 20.5% 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 Ajinomoto Co and its competitors. For the Consumer Packaged Goods industry, the median PE Ratio without NRI is 15.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto Co's current PE Ratio without NRI is 19.14, which is 41% below median its own 10-year median of 32.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Ajinomoto Co (MEX:2802N) has a current PE Ratio without NRI of 19.14. The stock's GF Value™ is MXN206.37, compared to a current price of MXN316.69 — trading 53.5% above its estimated fair value. The current PE Ratio without NRI is 19.14, which is 41% below median its 10-year median of 32.55 and 20.5% above the Consumer Packaged Goods industry median of 15.88. Ajinomoto Co's overall GF Score™ is 79/100 with 6 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 Ajinomoto Co (MEX:2802N), the current PE Ratio without NRI is 19.14 as of Jun. 24, 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 Ajinomoto Co (MEX:2802N) Overvalued in 2026?
Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued.
The current stock price of MXN316.69 is trading 53.5% above its estimated GF Value™ of MXN206.37.
Key valuation signals for MEX:2802N:
PE Ratio without NRI: 19.14 (41% below median its 10-year median of 32.55)
GF Value™: MXN206.37 vs. price of MXN316.69 (53.5% above fair value)
Industry Position: 20.5% above the Consumer Packaged Goods median (#1236 of 1457)
No single metric tells the full story. See the MEX:2802N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
79GF Score
Get the complete analysis for MEX:2802N
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
MEX:2802N has been successfully added to your 
