NHOXF (Nederman Holding AB) PE Ratio without NRI: 19.54 (As of Jul. 29, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NHOXF Nederman Holding AB NHOXF
81 GF Score
Price $14.50
GF Value $18.70
! 2 Warning Signs
View Full Analysis

What is Nederman Holding AB PE Ratio without NRI?

Nederman Holding AB NHOXF -2.36% 81 PE Ratio without NRI is 19.54 as of Jul. 29, 2026, which is 6% above its 10-year median of 18.49. GuruFocus rates NHOXF with a GF Score™ of 81/100 and a GF Value™ of $18.70. The stock has 2 warning signs investors should review. Among 2,276 Industrial Products companies, Nederman Holding AB ranks better than 65.38% 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 (2026-07-29), Nederman Holding AB's share price is $14.50. Nederman Holding AB's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $0.74. Therefore, Nederman Holding AB's PE Ratio without NRI for today is 19.54.

During the past 13 years, Nederman Holding AB's highest PE Ratio without NRI was 33.11. The lowest was 12.28. And the median was 18.49.

Nederman Holding AB's EPS without NRI for the three months ended in Jun. 2026 was $0.16. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $0.74.

As of today (2026-07-29), Nederman Holding AB's share price is $14.50. Nederman Holding AB's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.75. Therefore, Nederman Holding AB's PE Ratio (TTM) for today is 19.46.

During the past years, Nederman Holding AB's highest PE Ratio (TTM) was 47.62. The lowest was 12.48. And the median was 18.89.

Nederman Holding AB's EPS (Diluted) for the three months ended in Jun. 2026 was $0.16. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.75.

Nederman Holding AB's EPS (Basic) for the three months ended in Jun. 2026 was $0.16. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.75.


Nederman Holding AB  (OTCPK:NHOXF) 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.


Nederman Holding AB PE Ratio without NRI Related Terms


Nederman Holding AB PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Nederman Holding AB'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.

Nederman Holding AB PE Ratio without NRI Chart

Nederman Holding AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.16 17.55 17.21 22.22 21.93

Nederman Holding AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 21.79 19.10 21.93 18.81 18.88

NHOXF vs GEV, ETN, PH: PE Ratio without NRI Comparison

For the Specialty Industrial Machinery subindustry, Nederman Holding AB'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.


Nederman Holding AB PE Ratio without NRI vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nederman Holding AB's PE Ratio without NRI distribution charts can be found below:

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


NHOXF
81GF Score
Nederman Holding AB NHOXF
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nederman Holding AB 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.

Nederman Holding AB's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=14.50/0.742
=19.54

Nederman Holding AB's Share Price of today is $14.50.
Nederman Holding AB's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.74.

* 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 19.54 mean?
Nederman Holding AB (NHOXF) has a PE Ratio without NRI of 19.54 as of Jul. 29, 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 Nederman Holding AB and its competitors. This is near median its historical median of 18.49. Over the past decade, Nederman Holding AB's PE Ratio without NRI has ranged from 12.28 to 33.11. According to the industry distribution chart, Nederman Holding AB ranks #788 out of 2276 companies in the Industrial Products industry, placing it in the top 34.6%.
Is Nederman Holding AB's PE Ratio without NRI too high?
Nederman Holding AB's current PE Ratio without NRI of 19.54 is near median its 10-year median of 18.49. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 33.11. The Industrial Products industry median PE Ratio without NRI is 25.64. Nederman Holding AB's value of 19.54 is 23.8% below this industry median. Based on the distribution chart, Nederman Holding AB ranks #788 out of 2276 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nederman Holding AB has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Nederman Holding AB's PE Ratio without NRI compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nederman Holding AB ranks #788 out of 2276 companies for PE Ratio without NRI. This puts Nederman Holding AB in the upper half of its industry. The industry median PE Ratio without NRI is 25.64. Nederman Holding AB's value of 19.54 is 23.8% below this benchmark. Historically, Nederman Holding AB's own PE Ratio without NRI has ranged from 12.28 to 33.11 over the past decade. While the company's 10-year median is 18.49 vs. the industry median of 25.64, Nederman Holding AB 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 an Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 25.64, based on 2,276 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. Nederman Holding AB's current PE Ratio without NRI of 19.54 is 23.8% 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 Nederman Holding AB and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 25.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nederman Holding AB's current PE Ratio without NRI is 19.54, which is near median its own 10-year median of 18.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nederman Holding AB stock overvalued right now?
Nederman Holding AB (NHOXF) has a current PE Ratio without NRI of 19.54. The stock's GF Value™ is $18.70, compared to a current price of $14.50 — trading 22.5% below its estimated fair value. The current PE Ratio without NRI is 19.54, which is near median its 10-year median of 18.49 and 23.8% below the Industrial Products industry median of 25.64. Nederman Holding AB's overall GF Score™ is 81/100 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 Nederman Holding AB (NHOXF), the current PE Ratio without NRI is 19.54 as of Jul. 29, 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 Nederman Holding AB (NHOXF) Overvalued in 2026?

Based on GuruFocus' analysis, Nederman Holding AB stock appears to be undervalued. The current stock price of $14.50 is trading 22.5% below its estimated GF Value™ of $18.70.

Key valuation signals for NHOXF:

  • PE Ratio without NRI: 19.54 (near median its 10-year median of 18.49)
  • GF Value™: $18.70 vs. price of $14.50 (22.5% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 23.8% below the Industrial Products median (#788 of 2276)

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


Nederman Holding AB Business Description

Other Exchanges NMAN:Sweden5QR:Germany
Address Landskronavagen 9A, Helsingborg, SWE, 252 32
Nederman Holding AB is an industrial equipment manufacturer. The company produces and markets products to improve the industrial workplace environment; owns and manages enterprises as well as real estate and personal property, and engages in compatible operations. Its operating segments are, Extraction and Filtration Technology, Process Technology, Duct and Filter Technology, and Monitoring and Control Technology. Key revenue is derived from the Extraction and Filter Technology segment, which develops and sells various filters and monitoring services, capturing devices, fans, high-vacuum products, and reels for the distribution of various liquids and compressed air. Geographically, it derives key revenue from the United States of America and has customers located around the world.
81GF Score

Get the complete analysis for NHOXF

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

$14.50
Price
$18.70
GF Value