National Bank Of MalawiMSW:NBM -1.96%100 PE Ratio without NRI is 23.52 as of Jul. 09, 2026, which is 16% above its 10-year median of 20.19. GuruFocus rates MSW:NBM with a GF Score™ of 100/100 and a GF Value™ of MWK7,725.51 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,448 Banks companies, National Bank Of Malawi ranks worse than 90.68% 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 (2026-07-09), National Bank Of Malawi's share price is MWK9799.66.
National Bank Of Malawi's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was MWK416.64. Therefore, National Bank Of Malawi's PE Ratio without NRI for today is 23.52.
During the past 11 years, National Bank Of Malawi's highest PE Ratio without NRI was 939.99. The lowest was 8.03. And the median was 20.19.
National Bank Of Malawi (MSW:NBM) 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.
National Bank Of Malawi PE Ratio without NRI Related Terms
National Bank Of Malawi PE Ratio without NRI Historical Data
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The historical data trend for National Bank Of Malawi'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.
National Bank Of Malawi PE Ratio without NRI Chart
MSW:NBM vs PNC, USB: PE Ratio without NRI Comparison
For the Banks - Regional subindustry, National Bank Of Malawi'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.
National Bank Of Malawi PE Ratio without NRI vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Of Malawi's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where National Bank Of Malawi's PE Ratio without NRI falls into.
National Bank Of Malawi 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.
National Bank Of Malawi's Share Price of today is MWK9799.66.
For company reported semi-annually, National Bank Of Malawi's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MWK416.64.
* 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.
National Bank Of Malawi (MSW:NBM) has a PE Ratio without NRI of 23.52 as of Jul. 09, 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 National Bank Of Malawi and its competitors. This is 16% above median its historical median of 20.19. Over the past decade, National Bank Of Malawi's PE Ratio without NRI has ranged from 8.03 to 939.99. According to the industry distribution chart, National Bank Of Malawi ranks #1313 out of 1448 companies in the Banks industry, placing it in the top 90.7%.
Is National Bank Of Malawi's PE Ratio without NRI too high?
National Bank Of Malawi's current PE Ratio without NRI of 23.52 is 16% above median its 10-year median of 20.19. Over the past 10 years, this metric has ranged from a low of 8.03 to a high of 939.99. The Banks industry median PE Ratio without NRI is 11.39. National Bank Of Malawi's value of 23.52 is 106.6% above this industry median. Based on the distribution chart, National Bank Of Malawi ranks #1313 out of 1448 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, National Bank Of Malawi has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank Of Malawi's PE Ratio without NRI compare to PNC and USB?
According to the Banks industry distribution chart, National Bank Of Malawi ranks #1313 out of 1448 companies for PE Ratio without NRI. This places National Bank Of Malawi in the lower half of its industry. The industry median PE Ratio without NRI is 11.39. National Bank Of Malawi's value of 23.52 is 106.6% above this benchmark. Historically, National Bank Of Malawi's own PE Ratio without NRI has ranged from 8.03 to 939.99 over the past decade. While the company's 10-year median is 20.19 vs. the industry median of 11.39, National Bank Of Malawi 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 Banks company?
The median PE Ratio without NRI among Banks companies is 11.39, based on 1,448 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. National Bank Of Malawi's current PE Ratio without NRI of 23.52 is 106.6% 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 National Bank Of Malawi and its competitors. For the Banks industry, the median PE Ratio without NRI is 11.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Of Malawi's current PE Ratio without NRI is 23.52, which is 16% above median its own 10-year median of 20.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Of Malawi stock overvalued right now?
Based on GuruFocus' analysis, National Bank Of Malawi (MSW:NBM) is currently considered Modestly Overvalued. The stock's GF Value™ is MWK7,725.51, compared to a current price of MWK9,799.66 — trading 26.8% above its estimated fair value. The current PE Ratio without NRI is 23.52, which is 16% above median its 10-year median of 20.19 and 106.6% above the Banks industry median of 11.39. National Bank Of Malawi's overall GF Score™ is 100/100 with 1 warning sign 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 National Bank Of Malawi (MSW:NBM), the current PE Ratio without NRI is 23.52 as of Jul. 09, 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 National Bank Of Malawi (MSW:NBM) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Of Malawi stock appears to be overvalued.
The current stock price of MWK9,799.66 is trading 26.8% above its estimated GF Value™ of MWK7,725.51.
GuruFocus considers National Bank Of Malawi to be Modestly Overvalued.
Key valuation signals for MSW:NBM:
PE Ratio without NRI: 23.52 (16% above median its 10-year median of 20.19)
GF Value™: MWK7,725.51 vs. price of MWK9,799.66 (26.8% above fair value)
Industry Position: 106.6% above the Banks median (#1313 of 1448)
No single metric tells the full story. See the MSW:NBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Of Malawi PLC provides personal, corporate, and investment banking as well as stockbroking, insurance, and pension administration services in Malawi. Its business operations are divided into three segments including Retail and corporate banking that incorporates savings, deposits, investment savings products, consumer loans, current accounts, overdrafts, loans, and other credit facilities, trade finance, and corporate leasing; Treasury segment offers financial instruments trading, dealings in foreign currency, stock broking and derivative products; and Other operations comprising fund management, custodial services and providing training services. Revenue from Retail and corporate banking is one of the majority sources of income for the Bank.
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