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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.
Third Age Health ServicesNZSE:TAH +1.52%87 PE Ratio without NRI is 20.57 as of Jul. 14, 2026, which is 2% below its 10-year median of 20.94. GuruFocus rates NZSE:TAH with a GF Score™ of 87/100 and a GF Value™ of NZ$3.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 440 Healthcare Providers & Services companies, Third Age Health Services ranks worse than 51.14% 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), Third Age Health Services's share price is NZ$4.67.
Third Age Health Services's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$0.23. Therefore, Third Age Health Services's PE Ratio without NRI for today is 20.57.
During the past 6 years, Third Age Health Services's highest PE Ratio without NRI was 38.64. The lowest was 10.00. And the median was 20.94.
Third Age Health Services (NZSE:TAH) 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.
Third Age Health Services PE Ratio without NRI Related Terms
Third Age Health 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.
Third Age Health Services PE Ratio without NRI Chart
NZSE:TAH vs HCA, THC, DVA: PE Ratio without NRI Comparison
For the Medical Care Facilities subindustry, Third Age Health 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.
Third Age Health Services PE Ratio without NRI vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Third Age Health Services's PE Ratio without NRI falls into.
Third Age Health 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.
Third Age Health Services's Share Price of today is NZ$4.67.
For company reported semi-annually, Third Age Health Services's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$0.23.
* 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.
Third Age Health Services (NZSE:TAH) has a PE Ratio without NRI of 20.57 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 Third Age Health Services and its competitors. This is near median its historical median of 20.94. Over the past decade, Third Age Health Services' PE Ratio without NRI has ranged from 10.00 to 38.64. According to the industry distribution chart, Third Age Health Services ranks #225 out of 440 companies in the Healthcare Providers & Services industry, placing it in the top 51.1%.
Is Third Age Health Services' PE Ratio without NRI too high?
Third Age Health Services' current PE Ratio without NRI of 20.57 is near median its 10-year median of 20.94. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 38.64. The Healthcare Providers & Services industry median PE Ratio without NRI is 20.16. Third Age Health Services' value of 20.57 is 2% above this industry median. Based on the distribution chart, Third Age Health Services ranks #225 out of 440 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Third Age Health Services has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Third Age Health Services' PE Ratio without NRI compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Third Age Health Services ranks #225 out of 440 companies for PE Ratio without NRI. This places Third Age Health Services in the lower half of its industry. The industry median PE Ratio without NRI is 20.16. Third Age Health Services' value of 20.57 is 2% above this benchmark. Historically, Third Age Health Services' own PE Ratio without NRI has ranged from 10.00 to 38.64 over the past decade. While the company's 10-year median is 20.94 vs. the industry median of 20.16, Third Age Health 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 Healthcare Providers & Services company?
The median PE Ratio without NRI among Healthcare Providers & Services companies is 20.16, based on 440 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. Third Age Health Services's current PE Ratio without NRI of 20.57 is 2% 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 Third Age Health Services and its competitors. For the Healthcare Providers & Services industry, the median PE Ratio without NRI is 20.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Third Age Health Services's current PE Ratio without NRI is 20.57, which is near median its own 10-year median of 20.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Third Age Health Services stock overvalued right now?
Based on GuruFocus' analysis, Third Age Health Services (NZSE:TAH) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$3.43, compared to a current price of NZ$4.67 — trading 36.2% above its estimated fair value. The current PE Ratio without NRI is 20.57, which is near median its 10-year median of 20.94 and 2% above the Healthcare Providers & Services industry median of 20.16. Third Age Health Services' overall GF Score™ is 87/100 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 Third Age Health Services (NZSE:TAH), the current PE Ratio without NRI is 20.57 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 Third Age Health Services (NZSE:TAH) Overvalued in 2026?
Based on GuruFocus' analysis, Third Age Health Services stock appears to be overvalued.
The current stock price of NZ$4.67 is trading 36.2% above its estimated GF Value™ of NZ$3.43.
GuruFocus considers Third Age Health Services to be Significantly Overvalued.
Key valuation signals for NZSE:TAH:
PE Ratio without NRI: 20.57 (near median its 10-year median of 20.94)
GF Value™: NZ$3.43 vs. price of NZ$4.67 (36.2% above fair value)
Industry Position: 2% above the Healthcare Providers & Services median (#225 of 440)
No single metric tells the full story. See the NZSE:TAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. The services offered by the company include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover. The company segment includes: Aged medical residential care services, being the provision of medical care services to the aged care sector. General practice medical services, being the provision of primary care services to the community.
87GF Score
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