NIIT Learning SystemsNSE:NIITMTS +2.04%34 PE Ratio without NRI is 14.94 as of Jul. 04, 2026, which is 42% below its 10-year median of 25.57. GuruFocus rates NSE:NIITMTS with a GF Score™ of 34/100 and a GF Value™ of ₹534.14 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 186 Education companies, NIIT Learning Systems ranks better than 51.08% 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 (2026-07-04), NIIT Learning Systems's share price is ₹238.17.
NIIT Learning Systems's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹15.94. Therefore, NIIT Learning Systems's PE Ratio without NRI for today is 14.94.
During the past 4 years, NIIT Learning Systems's highest PE Ratio without NRI was 35.00. The lowest was 12.97. And the median was 25.57.
NIIT Learning Systems (NSE:NIITMTS) 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.
NIIT Learning Systems PE Ratio without NRI Related Terms
NIIT Learning Systems PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for NIIT Learning Systems'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.
NSE:NIITMTS vs EDU, TAL, LAUR: PE Ratio without NRI Comparison
For the Education & Training Services subindustry, NIIT Learning Systems'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.
NIIT Learning Systems PE Ratio without NRI vs Education Industry
For the Education industry and Consumer Defensive sector, NIIT Learning Systems's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where NIIT Learning Systems's PE Ratio without NRI falls into.
NIIT Learning Systems 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.
NIIT Learning Systems's Share Price of today is ₹238.17.
NIIT Learning Systems'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 ₹15.94.
* 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.
NIIT Learning Systems (NSE:NIITMTS) has a PE Ratio without NRI of 14.94 as of Jul. 04, 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 NIIT Learning Systems and its competitors. This is 42% below median its historical median of 25.57. Over the past decade, NIIT Learning Systems' PE Ratio without NRI has ranged from 12.97 to 35.00. According to the industry distribution chart, NIIT Learning Systems ranks #91 out of 186 companies in the Education industry, placing it in the top 48.9%.
Is NIIT Learning Systems' PE Ratio without NRI too high?
NIIT Learning Systems' current PE Ratio without NRI of 14.94 is 42% below median its 10-year median of 25.57. Over the past 10 years, this metric has ranged from a low of 12.97 to a high of 35.00. The Education industry median PE Ratio without NRI is 14.40. NIIT Learning Systems' value of 14.94 is 3.8% above this industry median. Based on the distribution chart, NIIT Learning Systems ranks #91 out of 186 companies in the Education industry, which is above the industry midpoint. Overall, NIIT Learning Systems has a GF Score™ of 34/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIIT Learning Systems' PE Ratio without NRI compare to EDU and TAL?
According to the Education industry distribution chart, NIIT Learning Systems ranks #91 out of 186 companies for PE Ratio without NRI. This puts NIIT Learning Systems in the upper half of its industry. The industry median PE Ratio without NRI is 14.40. NIIT Learning Systems' value of 14.94 is 3.8% above this benchmark. Historically, NIIT Learning Systems' own PE Ratio without NRI has ranged from 12.97 to 35.00 over the past decade. While the company's 10-year median is 25.57 vs. the industry median of 14.40, NIIT Learning Systems 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 an Education company?
The median PE Ratio without NRI among Education companies is 14.40, based on 186 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. NIIT Learning Systems's current PE Ratio without NRI of 14.94 is 3.8% 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 NIIT Learning Systems and its competitors. For the Education industry, the median PE Ratio without NRI is 14.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIIT Learning Systems's current PE Ratio without NRI is 14.94, which is 42% below median its own 10-year median of 25.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIIT Learning Systems stock overvalued right now?
Based on GuruFocus' analysis, NIIT Learning Systems (NSE:NIITMTS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹534.14, compared to a current price of ₹238.17 — trading 55.4% below its estimated fair value. The current PE Ratio without NRI is 14.94, which is 42% below median its 10-year median of 25.57 and 3.8% above the Education industry median of 14.40. NIIT Learning Systems' overall GF Score™ is 34/100 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 NIIT Learning Systems (NSE:NIITMTS), the current PE Ratio without NRI is 14.94 as of Jul. 04, 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 NIIT Learning Systems (NSE:NIITMTS) Overvalued in 2026?
Based on GuruFocus' analysis, NIIT Learning Systems stock appears to be undervalued.
The current stock price of ₹238.17 is trading 55.4% below its estimated GF Value™ of ₹534.14.
GuruFocus considers NIIT Learning Systems to be Significantly Undervalued.
Key valuation signals for NSE:NIITMTS:
PE Ratio without NRI: 14.94 (42% below median its 10-year median of 25.57)
GF Value™: ₹534.14 vs. price of ₹238.17 (55.4% below fair value)
Industry Position: 3.8% above the Education median (#91 of 186)
No single metric tells the full story. See the NSE:NIITMTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIIT Learning Systems Ltd is engaged in providing managed training solutions which predominantly include technology-based solutions for learning and education management to improve efficiency and effectiveness to customers in the education sector in India and international markets. The company also offers a comprehensive suite of solutions including content, learning delivery, assessment, and technology for students and teachers, as well as solutions for institution administration and management. Geographically, the company derives a majority of its revenue from America, and the rest from Europe, India, and the rest of the world.
34GF Score
Get the complete analysis for NSE:NIITMTS
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
NSE:NIITMTS has been successfully added to your 
