Metro (MEX:MRUN) PE Ratio without NRI: 16.53 (As of Jun. 26, 2026) — 12% Below Median


MEX:MRUN Metro Inc MEX:MRUN
84 GF Score
Price MXN1,065.12
GF Value MXN1,104.00
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What is Metro PE Ratio without NRI?

Metro MEX:MRUN 84 PE Ratio without NRI is 16.53 as of Jun. 26, 2026, which is 12% below its 10-year median of 18.83. GuruFocus rates MEX:MRUN with a GF Score™ of 84/100 and a GF Value™ of MXN1,104.00. Among 252 Retail - Defensive companies, Metro ranks worse than 65.08% 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 (2026-06-26), Metro's share price is MXN1065.12. Metro's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN64.27. Therefore, Metro's PE Ratio without NRI for today is 16.53.

During the past 13 years, Metro's highest PE Ratio without NRI was 23.71. The lowest was 15.18. And the median was 18.83.

Metro's EPS without NRI for the three months ended in Mar. 2026 was MXN14.59. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN64.27.

As of today (2026-06-26), Metro's share price is MXN1065.12. Metro's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN62.60. Therefore, Metro's PE Ratio (TTM) for today is 16.98.

During the past years, Metro's highest PE Ratio (TTM) was 24.11. The lowest was 5.05. And the median was 19.43.

Metro's EPS (Diluted) for the three months ended in Mar. 2026 was MXN15.25. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN62.60.

Metro's EPS (Basic) for the three months ended in Mar. 2026 was MXN15.38. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN62.87.


Metro  (MEX:MRUN) 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.


Metro PE Ratio without NRI Related Terms


Metro PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Metro'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.

Metro PE Ratio without NRI Chart

Metro Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.99 18.11 16.27 20.57 19.60

Metro Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22.17 22.84 19.60 21.05 19.77

MEX:MRUN vs KR, SFM, ACI: PE Ratio without NRI Comparison

For the Grocery Stores subindustry, Metro'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.


Metro PE Ratio without NRI vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's PE Ratio without NRI distribution charts can be found below:

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


MEX:MRUN
84GF Score
Metro Inc MEX:MRUN
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Metro 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.

Metro's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=1065.12/64.432
=16.53

Metro's Share Price of today is MXN1065.12.
Metro'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 MXN64.27.

* 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 16.53 mean?
Metro (MEX:MRUN) has a PE Ratio without NRI of 16.53 as of Jun. 26, 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 Metro and its competitors. This is 12% below median its historical median of 18.83. Over the past decade, Metro's PE Ratio without NRI has ranged from 15.18 to 23.71. According to the industry distribution chart, Metro ranks #164 out of 252 companies in the Retail - Defensive industry, placing it in the top 65.1%.
Is Metro's PE Ratio without NRI too high?
Metro's current PE Ratio without NRI of 16.53 is 12% below median its 10-year median of 18.83. Over the past 10 years, this metric has ranged from a low of 15.18 to a high of 23.71. The Retail - Defensive industry median PE Ratio without NRI is 16.53. Metro's value of 16.53 is 0% at this industry median. Based on the distribution chart, Metro ranks #164 out of 252 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Metro has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Metro's PE Ratio without NRI compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Metro ranks #164 out of 252 companies for PE Ratio without NRI. This places Metro in the lower half of its industry. The industry median PE Ratio without NRI is 16.53. Metro's value of 16.53 is 0% at this benchmark. Historically, Metro's own PE Ratio without NRI has ranged from 15.18 to 23.71 over the past decade. While the company's 10-year median is 18.83 vs. the industry median of 16.53, Metro has consistently been at 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 Retail - Defensive company?
The median PE Ratio without NRI among Retail - Defensive companies is 16.53, based on 252 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. Metro's current PE Ratio without NRI of 16.53 is 0% at 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 Metro and its competitors. For the Retail - Defensive industry, the median PE Ratio without NRI is 16.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro's current PE Ratio without NRI is 16.53, which is 12% below median its own 10-year median of 18.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Metro (MEX:MRUN) has a current PE Ratio without NRI of 16.53. The stock's GF Value™ is MXN1,104.00, compared to a current price of MXN1,065.12 — trading 3.5% below its estimated fair value. The current PE Ratio without NRI is 16.53, which is 12% below median its 10-year median of 18.83 and 0% at the Retail - Defensive industry median of 16.53. Metro's overall GF Score™ is 84/100. 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 Metro (MEX:MRUN), the current PE Ratio without NRI is 16.53 as of Jun. 26, 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 Metro (MEX:MRUN) Overvalued in 2026?

Based on GuruFocus' analysis, Metro stock appears to be undervalued. The current stock price of MXN1,065.12 is trading 3.5% below its estimated GF Value™ of MXN1,104.00.

Key valuation signals for MEX:MRUN:

  • PE Ratio without NRI: 16.53 (12% below median its 10-year median of 18.83)
  • GF Value™: MXN1,104.00 vs. price of MXN1,065.12 (3.5% below fair value)
  • GF Score™: 84/100
  • Industry Position: 0% at the Retail - Defensive median (#164 of 252)

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


Metro Business Description

Address 11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
84GF Score

Get the complete analysis for MEX:MRUN

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,065.12
Price
MXN1,104.00
GF Value