South32SHTLF -7.85%73 PE Ratio without NRI is 34.83 as of Jun. 26, 2026, which is 145% above its 10-year median of 14.19. GuruFocus rates SHTLF with a GF Score™ of 73/100 and a GF Value™ of $2.64 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 639 Metals & Mining companies, South32 ranks worse than 73.71% 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 (2026-06-26), South32's share price is $3.03.
South32's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was $0.09. Therefore, South32's PE Ratio without NRI for today is 34.83.
During the past 13 years, South32's highest PE Ratio without NRI was 47.83. The lowest was 4.05. And the median was 14.19.
South32's EPS without NRI for the
six
months ended in Dec. 2025 was $0.10.
Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was $0.09.
During the past years, South32's highestPE Ratio (TTM) was 66.81. The lowest was 4.20. And the median was 11.36.
South32's
EPS (Diluted) for the
six
months ended in Dec. 2025 was $0.10.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.07.
South32's EPS (Basic) for the
six
months ended in Dec. 2025 was $0.10.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.07.
South32 (OTCPK:SHTLF) 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.
South32 PE Ratio without NRI Related Terms
South32 PE Ratio without NRI Historical Data
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The historical data trend for South32'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.
South32 PE Ratio without NRI Competitor Comparison
For the Other Industrial Metals & Mining subindustry, South32'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.
South32 PE Ratio without NRI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South32's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where South32's PE Ratio without NRI falls into.
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.
South32's PE Ratio without NRI for today is calculated as
South32's Share Price of today is $3.03.
For company reported semi-annually, South32's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.09.
* 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.
South32 (SHTLF) has a PE Ratio without NRI of 34.83 as of Jun. 26, 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 South32 and its competitors. This is 145% above median its historical median of 14.19. Over the past decade, South32's PE Ratio without NRI has ranged from 4.05 to 47.83. According to the industry distribution chart, South32 ranks #471 out of 639 companies in the Metals & Mining industry, placing it in the top 73.7%.
Is South32's PE Ratio without NRI too high?
South32's current PE Ratio without NRI of 34.83 is 145% above median its 10-year median of 14.19. Over the past 10 years, this metric has ranged from a low of 4.05 to a high of 47.83. The Metals & Mining industry median PE Ratio without NRI is 15.73. South32's value of 34.83 is 121.4% above this industry median. Based on the distribution chart, South32 ranks #471 out of 639 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, South32 has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South32's PE Ratio without NRI compare to competitors?
According to the Metals & Mining industry distribution chart, South32 ranks #471 out of 639 companies for PE Ratio without NRI. This places South32 in the lower half of its industry. The industry median PE Ratio without NRI is 15.73. South32's value of 34.83 is 121.4% above this benchmark. Historically, South32's own PE Ratio without NRI has ranged from 4.05 to 47.83 over the past decade. While the company's 10-year median is 14.19 vs. the industry median of 15.73, South32 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 Metals & Mining company?
The median PE Ratio without NRI among Metals & Mining companies is 15.73, based on 639 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. South32's current PE Ratio without NRI of 34.83 is 121.4% 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 South32 and its competitors. For the Metals & Mining industry, the median PE Ratio without NRI is 15.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South32's current PE Ratio without NRI is 34.83, which is 145% above median its own 10-year median of 14.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South32 stock overvalued right now?
Based on GuruFocus' analysis, South32 (SHTLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.64, compared to a current price of $3.03 — trading 14.8% above its estimated fair value. The current PE Ratio without NRI is 34.83, which is 145% above median its 10-year median of 14.19 and 121.4% above the Metals & Mining industry median of 15.73. South32's overall GF Score™ is 73/100 with 4 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 South32 (SHTLF), the current PE Ratio without NRI is 34.83 as of Jun. 26, 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 South32 (SHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, South32 stock appears to be overvalued.
The current stock price of $3.03 is trading 14.8% above its estimated GF Value™ of $2.64.
GuruFocus considers South32 to be Modestly Overvalued.
Key valuation signals for SHTLF:
PE Ratio without NRI: 34.83 (145% above median its 10-year median of 14.19)
GF Value™: $2.64 vs. price of $3.03 (14.8% above fair value)
Industry Position: 121.4% above the Metals & Mining median (#471 of 639)
No single metric tells the full story. See the SHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
73GF Score
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