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Federated Hermes PE Ratio without NRI

: 8.98 (As of Today)
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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 (2021-03-04), Federated Hermes's share price is $28.810000. Federated Hermes's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2020 was $3.21. Therefore, Federated Hermes's PE Ratio without NRI for today is 8.98.

During the past 13 years, Federated Hermes's highest PE Ratio without NRI was 24.70. The lowest was 5.72. And the median was 13.62.

Federated Hermes's EPS without NRI for the three months ended in Dec. 2020 was $0.93. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2020 was $3.21.

As of today (2021-03-04), Federated Hermes's share price is $28.810000. Federated Hermes's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2020 was $3.21. Therefore, Federated Hermes's PE Ratio for today is 8.98.

During the past years, Federated Hermes's highest PE Ratio was 24.70. The lowest was 5.72. And the median was 13.62.

Federated Hermes's EPS (Diluted)for the three months ended in Dec. 2020 was $0.93. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2020 was $3.21.

Federated Hermes's EPS (Basic) for the three months ended in Dec. 2020 was $0.94. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2020 was $3.24.


Federated Hermes PE Ratio without NRI Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Federated Hermes Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio without NRI Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.07 12.50 12.19 12.12 9.00

Federated Hermes Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
PE Ratio without NRI 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 Premium Member Only Premium Member Only Premium Member Only 12.12 6.85 8.01 6.96 9.00

Competitive Comparison
* 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.


Federated Hermes PE Ratio without NRI Distribution

* The bar in red indicates where Federated Hermes's PE Ratio without NRI falls into.



Federated Hermes 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.

Federated Hermes's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=28.810000/3.21
=8.98

Federated Hermes's Share Price of today is $28.810000.
Federated Hermes's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2020 was 0.63 (Mar. 2020 ) + 0.8 (Jun. 2020 ) + 0.85 (Sep. 2020 ) + 0.93 (Dec. 2020 ) = $3.21.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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, 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.


Federated Hermes  (NYSE:FHI) 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.


Federated Hermes PE Ratio without NRI Related Terms


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