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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.
SBI Cards and Payment ServicesNSE:SBICARD +1.15%65 PE Ratio without NRI is 27.18 as of Jul. 14, 2026, which is 33% below its 10-year median of 40.38. GuruFocus rates NSE:SBICARD with a GF Score™ of 65/100 and a GF Value™ of ₹1,021.32 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 412 Credit Services companies, SBI Cards and Payment Services ranks worse than 73.54% 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 (2026-07-14), SBI Cards and Payment Services's share price is ₹618.70.
SBI Cards and Payment Services's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹22.76. Therefore, SBI Cards and Payment Services's PE Ratio without NRI for today is 27.18.
During the past 10 years, SBI Cards and Payment Services's highest PE Ratio without NRI was 114.33. The lowest was 25.90. And the median was 40.38.
SBI Cards and Payment Services (NSE:SBICARD) 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.
SBI Cards and Payment Services PE Ratio without NRI Related Terms
SBI Cards and Payment Services PE Ratio without NRI Historical Data
* 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.
SBI Cards and Payment Services PE Ratio without NRI Chart
NSE:SBICARD vs V, MA, AXP: PE Ratio without NRI Comparison
For the Credit Services subindustry, SBI Cards and Payment Services'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.
SBI Cards and Payment Services PE Ratio without NRI vs Credit Services Industry
For the Credit Services industry and Financial Services sector, SBI Cards and Payment Services's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where SBI Cards and Payment Services's PE Ratio without NRI falls into.
SBI Cards and Payment Services 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.
SBI Cards and Payment Services's Share Price of today is ₹618.70.
SBI Cards and Payment Services'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 ₹22.76.
* 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.
SBI Cards and Payment Services (NSE:SBICARD) has a PE Ratio without NRI of 27.18 as of Jul. 14, 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 SBI Cards and Payment Services and its competitors. This is 33% below median its historical median of 40.38. Over the past decade, SBI Cards and Payment Services' PE Ratio without NRI has ranged from 25.90 to 114.33. According to the industry distribution chart, SBI Cards and Payment Services ranks #303 out of 412 companies in the Credit Services industry, placing it in the top 73.5%.
Is SBI Cards and Payment Services' PE Ratio without NRI too high?
SBI Cards and Payment Services' current PE Ratio without NRI of 27.18 is 33% below median its 10-year median of 40.38. Over the past 10 years, this metric has ranged from a low of 25.90 to a high of 114.33. The Credit Services industry median PE Ratio without NRI is 12.51. SBI Cards and Payment Services' value of 27.18 is 117.3% above this industry median. Based on the distribution chart, SBI Cards and Payment Services ranks #303 out of 412 companies in the Credit Services industry, which is below the industry midpoint. Overall, SBI Cards and Payment Services has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBI Cards and Payment Services' PE Ratio without NRI compare to V and MA?
According to the Credit Services industry distribution chart, SBI Cards and Payment Services ranks #303 out of 412 companies for PE Ratio without NRI. This places SBI Cards and Payment Services in the lower half of its industry. The industry median PE Ratio without NRI is 12.51. SBI Cards and Payment Services' value of 27.18 is 117.3% above this benchmark. Historically, SBI Cards and Payment Services' own PE Ratio without NRI has ranged from 25.90 to 114.33 over the past decade. While the company's 10-year median is 40.38 vs. the industry median of 12.51, SBI Cards and Payment Services 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 Credit Services company?
The median PE Ratio without NRI among Credit Services companies is 12.51, based on 412 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. SBI Cards and Payment Services's current PE Ratio without NRI of 27.18 is 117.3% 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 SBI Cards and Payment Services and its competitors. For the Credit Services industry, the median PE Ratio without NRI is 12.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Cards and Payment Services's current PE Ratio without NRI is 27.18, which is 33% below median its own 10-year median of 40.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Cards and Payment Services stock overvalued right now?
Based on GuruFocus' analysis, SBI Cards and Payment Services (NSE:SBICARD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,021.32, compared to a current price of ₹618.70 — trading 39.4% below its estimated fair value. The current PE Ratio without NRI is 27.18, which is 33% below median its 10-year median of 40.38 and 117.3% above the Credit Services industry median of 12.51. SBI Cards and Payment Services' overall GF Score™ is 65/100 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 SBI Cards and Payment Services (NSE:SBICARD), the current PE Ratio without NRI is 27.18 as of Jul. 14, 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 SBI Cards and Payment Services (NSE:SBICARD) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Cards and Payment Services stock appears to be undervalued.
The current stock price of ₹618.70 is trading 39.4% below its estimated GF Value™ of ₹1,021.32.
GuruFocus considers SBI Cards and Payment Services to be Significantly Undervalued.
Key valuation signals for NSE:SBICARD:
PE Ratio without NRI: 27.18 (33% below median its 10-year median of 40.38)
GF Value™: ₹1,021.32 vs. price of ₹618.70 (39.4% below fair value)
Industry Position: 117.3% above the Credit Services median (#303 of 412)
No single metric tells the full story. See the NSE:SBICARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Cards and Payment Services Business Description
SBI Cards and Payment Services Ltd is a credit card issuer in India. The company offers a credit card portfolio to individual cardholders and corporate clients, including lifestyle, rewards, travel and fuel, shopping, banking partnership cards, and corporate cards covering all cardholder segments in terms of income profiles and lifestyles. It offers four primary SBI Card-branded credit cards SimplySave, SimplyClick, Prime, and Elite, each catering to a varying set of cardholder needs. The company earns revenue from selling credit card memberships to card holders, and income earned from the provision of membership services.
65GF Score
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