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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 (2026-09-22), Money Forward's share price is $26.76.
Money Forward's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 was $0.45. Therefore, Money Forward's PE Ratio without NRI for today is 58.94.
During the past years, Money Forward's highestPE Ratio (TTM) was 166.13. The lowest was 37.66. And the median was 68.85.
Money Forward's
EPS (Diluted) for the
three
months ended in May. 2026 was $-0.14.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was $0.51.
Money Forward's EPS (Basic) for the
three
months ended in May. 2026 was $-0.14.
Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was $0.51.
Money Forward (OTCPK:MNYFF) 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.
Money Forward PE Ratio without NRI Related Terms
Money Forward PE Ratio without NRI Historical Data
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The historical data trend for Money Forward'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.
MNYFF vs CRM, SHOP, UBER: PE Ratio without NRI Comparison
For the Software - Application subindustry, Money Forward'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.
Money Forward PE Ratio without NRI vs Software Industry
For the Software industry and Technology sector, Money Forward's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Money Forward'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.
Money Forward's PE Ratio without NRI for today is calculated as
Money Forward's Share Price of today is $26.76.
Money Forward's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.45.
* 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.
Money Forward (MNYFF) has a PE Ratio without NRI of 58.94 as of Sep. 22, 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 Money Forward and its competitors. According to the industry distribution chart, Money Forward ranks #999999 out of 1671 companies in the Software industry.
Is Money Forward's PE Ratio without NRI too high?
Money Forward's current PE Ratio without NRI is 58.94. The Software industry median PE Ratio without NRI is 20.27. Money Forward's value of 58.94 is 190.8% above this industry median. Based on the distribution chart, Money Forward ranks #999999 out of 1671 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Money Forward has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Money Forward's PE Ratio without NRI compare to CRM and SHOP?
According to the Software industry distribution chart, Money Forward ranks #999999 out of 1671 companies for PE Ratio without NRI. This places Money Forward in the lower half of its industry. The industry median PE Ratio without NRI is 20.27. Money Forward's value of 58.94 is 190.8% above this benchmark. 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 20.27, based on 1,671 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. Money Forward's current PE Ratio without NRI of 58.94 is 190.8% 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 Money Forward and its competitors. For the Software industry, the median PE Ratio without NRI is 20.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Money Forward's current PE Ratio without NRI is 58.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Money Forward (MNYFF) has a current PE Ratio without NRI of 58.94. The stock's GF Value™ is $33.37, compared to a current price of $26.76 — trading 19.8% below its estimated fair value. The current PE Ratio without NRI is 58.94 and 190.8% above the Software industry median of 20.27. Money Forward's overall GF Score™ is 71/100 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 Money Forward (MNYFF), the current PE Ratio without NRI is 58.94 as of Sep. 22, 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 Money Forward (MNYFF) Overvalued in 2026?
Based on GuruFocus' analysis, Money Forward stock appears to be undervalued.
The current stock price of $26.76 is trading 19.8% below its estimated GF Value™ of $33.37.
Key valuation signals for MNYFF:
PE Ratio without NRI: 58.94
GF Value™: $33.37 vs. price of $26.76 (19.8% below fair value)
Industry Position: 190.8% above the Software median (#999999 of 1671)
No single metric tells the full story. See the MNYFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
71GF Score
Get the complete analysis for MNYFF
PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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