Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Shenzhen Tongye Technology CoSZSE:300960 -1.72%67 PE Ratio without NRI is 50.55 as of Sep. 10, 2026, which is 3% above its 10-year median of 49.17. GuruFocus rates SZSE:300960 with a GF Score™ of 67/100 and a GF Value™ of ¥22.60 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,286 Industrial Products companies, Shenzhen Tongye Technology Co ranks worse than 74.19% 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 (2026-09-10), Shenzhen Tongye Technology Co's share price is ¥16.53.
Shenzhen Tongye Technology Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ¥0.33. Therefore, Shenzhen Tongye Technology Co's PE Ratio without NRI for today is 50.55.
During the past 13 years, Shenzhen Tongye Technology Co's highest PE Ratio without NRI was 81.69. The lowest was 24.81. And the median was 49.17.
Shenzhen Tongye Technology Co (SZSE:300960) 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.
Shenzhen Tongye Technology Co PE Ratio without NRI Related Terms
Shenzhen Tongye Technology Co 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.
Shenzhen Tongye Technology Co PE Ratio without NRI Chart
SZSE:300960 vs GEV, ETN, PH: PE Ratio without NRI Comparison
For the Specialty Industrial Machinery subindustry, Shenzhen Tongye Technology Co'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.
Shenzhen Tongye Technology Co PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shenzhen Tongye Technology Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Shenzhen Tongye Technology Co's PE Ratio without NRI falls into.
Shenzhen Tongye Technology Co 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.
Shenzhen Tongye Technology Co's Share Price of today is ¥16.53.
Shenzhen Tongye Technology Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.33.
* 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.
Shenzhen Tongye Technology Co (SZSE:300960) has a PE Ratio without NRI of 50.55 as of Sep. 10, 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 Shenzhen Tongye Technology Co and its competitors. This is near median its historical median of 49.17. Over the past decade, Shenzhen Tongye Technology Co's PE Ratio without NRI has ranged from 24.81 to 81.69. According to the industry distribution chart, Shenzhen Tongye Technology Co ranks #1696 out of 2286 companies in the Industrial Products industry, placing it in the top 74.2%.
Is Shenzhen Tongye Technology Co's PE Ratio without NRI too high?
Shenzhen Tongye Technology Co's current PE Ratio without NRI of 50.55 is near median its 10-year median of 49.17. Over the past 10 years, this metric has ranged from a low of 24.81 to a high of 81.69. The Industrial Products industry median PE Ratio without NRI is 25.00. Shenzhen Tongye Technology Co's value of 50.55 is 102.2% above this industry median. Based on the distribution chart, Shenzhen Tongye Technology Co ranks #1696 out of 2286 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shenzhen Tongye Technology Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Tongye Technology Co's PE Ratio without NRI compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shenzhen Tongye Technology Co ranks #1696 out of 2286 companies for PE Ratio without NRI. This places Shenzhen Tongye Technology Co in the lower half of its industry. The industry median PE Ratio without NRI is 25.00. Shenzhen Tongye Technology Co's value of 50.55 is 102.2% above this benchmark. Historically, Shenzhen Tongye Technology Co's own PE Ratio without NRI has ranged from 24.81 to 81.69 over the past decade. While the company's 10-year median is 49.17 vs. the industry median of 25.00, Shenzhen Tongye Technology Co 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 Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 25.00, based on 2,286 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. Shenzhen Tongye Technology Co's current PE Ratio without NRI of 50.55 is 102.2% 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 Shenzhen Tongye Technology Co and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 25.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Tongye Technology Co's current PE Ratio without NRI is 50.55, which is near median its own 10-year median of 49.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Tongye Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Tongye Technology Co (SZSE:300960) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥22.60, compared to a current price of ¥16.53 — trading 26.9% below its estimated fair value. The current PE Ratio without NRI is 50.55, which is near median its 10-year median of 49.17 and 102.2% above the Industrial Products industry median of 25.00. Shenzhen Tongye Technology Co's overall GF Score™ is 67/100 with 7 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 Shenzhen Tongye Technology Co (SZSE:300960), the current PE Ratio without NRI is 50.55 as of Sep. 10, 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 Shenzhen Tongye Technology Co (SZSE:300960) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Tongye Technology Co stock appears to be undervalued.
The current stock price of ¥16.53 is trading 26.9% below its estimated GF Value™ of ¥22.60.
GuruFocus considers Shenzhen Tongye Technology Co to be Modestly Undervalued.
Key valuation signals for SZSE:300960:
PE Ratio without NRI: 50.55 (near median its 10-year median of 49.17)
GF Value™: ¥22.60 vs. price of ¥16.53 (26.9% below fair value)
Industry Position: 102.2% above the Industrial Products median (#1696 of 2286)
No single metric tells the full story. See the SZSE:300960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Tongye Technology Co Ltd is engaged in the development and production of rail transit train power supply products, network control products, energy management systems, motors and fans. The products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.
67GF Score
Get the complete analysis for SZSE:300960
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
SZSE:300960 has been successfully added to your 
