Hsin Kuang Steel CoTPE:2031 -0.65%76 PE Ratio without NRI is 11.74 as of Jul. 09, 2026, which is 8% above its 10-year median of 10.87. GuruFocus rates TPE:2031 with a GF Score™ of 76/100 and a GF Value™ of NT$53.86 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 429 Steel companies, Hsin Kuang Steel Co ranks better than 69.23% 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 (2026-07-09), Hsin Kuang Steel Co's share price is NT$38.20.
Hsin Kuang Steel Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3.25. Therefore, Hsin Kuang Steel Co's PE Ratio without NRI for today is 11.74.
During the past 13 years, Hsin Kuang Steel Co's highest PE Ratio without NRI was 74.37. The lowest was 5.83. And the median was 10.87.
Hsin Kuang Steel Co's EPS (Basic) for the
three
months ended in Dec. 2025 was NT$0.63.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3.29.
Hsin Kuang Steel Co (TPE:2031) 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.
Hsin Kuang Steel Co PE Ratio without NRI Related Terms
Hsin Kuang Steel Co PE Ratio without NRI Historical Data
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The historical data trend for Hsin Kuang Steel Co'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.
TPE:2031 vs NUE, STLD, RS: PE Ratio without NRI Comparison
For the Steel subindustry, Hsin Kuang Steel 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.
Hsin Kuang Steel Co PE Ratio without NRI vs Steel Industry
For the Steel industry and Basic Materials sector, Hsin Kuang Steel Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Hsin Kuang Steel Co's PE Ratio without NRI falls into.
Hsin Kuang Steel 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.
Hsin Kuang Steel Co's Share Price of today is NT$38.20.
Hsin Kuang Steel Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3.25.
* 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.
Hsin Kuang Steel Co (TPE:2031) has a PE Ratio without NRI of 11.74 as of Jul. 09, 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 Hsin Kuang Steel Co and its competitors. This is near median its historical median of 10.87. Over the past decade, Hsin Kuang Steel Co's PE Ratio without NRI has ranged from 5.83 to 74.37. According to the industry distribution chart, Hsin Kuang Steel Co ranks #132 out of 429 companies in the Steel industry, placing it in the top 30.8%.
Is Hsin Kuang Steel Co's PE Ratio without NRI too high?
Hsin Kuang Steel Co's current PE Ratio without NRI of 11.74 is near median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 74.37. The Steel industry median PE Ratio without NRI is 16.63. Hsin Kuang Steel Co's value of 11.74 is 29.4% below this industry median. Based on the distribution chart, Hsin Kuang Steel Co ranks #132 out of 429 companies in the Steel industry, which is above the industry midpoint. Overall, Hsin Kuang Steel Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kuang Steel Co's PE Ratio without NRI compare to NUE and STLD?
According to the Steel industry distribution chart, Hsin Kuang Steel Co ranks #132 out of 429 companies for PE Ratio without NRI. This puts Hsin Kuang Steel Co in the upper half of its industry. The industry median PE Ratio without NRI is 16.63. Hsin Kuang Steel Co's value of 11.74 is 29.4% below this benchmark. Historically, Hsin Kuang Steel Co's own PE Ratio without NRI has ranged from 5.83 to 74.37 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 16.63, Hsin Kuang Steel Co has consistently been below 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 Steel company?
The median PE Ratio without NRI among Steel companies is 16.63, based on 429 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. Hsin Kuang Steel Co's current PE Ratio without NRI of 11.74 is 29.4% below 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 Hsin Kuang Steel Co and its competitors. For the Steel industry, the median PE Ratio without NRI is 16.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kuang Steel Co's current PE Ratio without NRI is 11.74, which is near median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kuang Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kuang Steel Co (TPE:2031) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$53.86, compared to a current price of NT$38.20 — trading 29.1% below its estimated fair value. The current PE Ratio without NRI is 11.74, which is near median its 10-year median of 10.87 and 29.4% below the Steel industry median of 16.63. Hsin Kuang Steel Co's overall GF Score™ is 76/100 with 8 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 Hsin Kuang Steel Co (TPE:2031), the current PE Ratio without NRI is 11.74 as of Jul. 09, 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 Hsin Kuang Steel Co (TPE:2031) Overvalued in 2026?
Based on GuruFocus' analysis, Hsin Kuang Steel Co stock appears to be undervalued.
The current stock price of NT$38.20 is trading 29.1% below its estimated GF Value™ of NT$53.86.
GuruFocus considers Hsin Kuang Steel Co to be Modestly Undervalued.
Key valuation signals for TPE:2031:
PE Ratio without NRI: 11.74 (near median its 10-year median of 10.87)
GF Value™: NT$53.86 vs. price of NT$38.20 (29.1% below fair value)
Industry Position: 29.4% below the Steel median (#132 of 429)
No single metric tells the full story. See the TPE:2031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and the sale of steel products, including steel coils, steel plates, stainless steel, alloy steel, special steel, and SuperDyma. Geographically, its business activities are carried out across Taiwan. The company operates in four segments, which include Steel - Direct Sales, Steel - Manufacturing Sales, Construction Projects, and Leases. The majority of its revenue is generated from the Steel-Direct Sales Segment. Geographically, operates in Taiwan.
76GF Score
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