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China Bills FinanceTPE:2820 62 PE Ratio without NRI is 12.54 as of Jul. 14, 2026, which is 14% below its 10-year median of 14.57. GuruFocus rates TPE:2820 with a GF Score™ of 62/100 and a GF Value™ of NT$24.43 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 556 Capital Markets companies, China Bills Finance ranks better than 66.37% 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), China Bills Finance's share price is NT$16.65.
China Bills Finance's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1.33. Therefore, China Bills Finance's PE Ratio without NRI for today is 12.54.
During the past 13 years, China Bills Finance's highest PE Ratio without NRI was 20.33. The lowest was 9.20. And the median was 14.57.
China Bills Finance's EPS (Basic) for the
three
months ended in Dec. 2025 was NT$0.29.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1.34.
China Bills Finance (TPE:2820) 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.
China Bills Finance PE Ratio without NRI Related Terms
China Bills Finance PE Ratio without NRI Historical Data
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The historical data trend for China Bills Finance'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:2820 vs MS, GS, SCHW: PE Ratio without NRI Comparison
For the Capital Markets subindustry, China Bills Finance'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.
China Bills Finance PE Ratio without NRI vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, China Bills Finance's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where China Bills Finance's PE Ratio without NRI falls into.
China Bills Finance 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.
China Bills Finance's Share Price of today is NT$16.65.
China Bills Finance'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$1.33.
* 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.
China Bills Finance (TPE:2820) has a PE Ratio without NRI of 12.54 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 China Bills Finance and its competitors. This is 14% below median its historical median of 14.57. Over the past decade, China Bills Finance's PE Ratio without NRI has ranged from 9.20 to 20.33. According to the industry distribution chart, China Bills Finance ranks #187 out of 556 companies in the Capital Markets industry, placing it in the top 33.6%.
Is China Bills Finance's PE Ratio without NRI too high?
China Bills Finance's current PE Ratio without NRI of 12.54 is 14% below median its 10-year median of 14.57. Over the past 10 years, this metric has ranged from a low of 9.20 to a high of 20.33. The Capital Markets industry median PE Ratio without NRI is 17.27. China Bills Finance's value of 12.54 is 27.4% below this industry median. Based on the distribution chart, China Bills Finance ranks #187 out of 556 companies in the Capital Markets industry, which is above the industry midpoint. Overall, China Bills Finance has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Bills Finance's PE Ratio without NRI compare to MS and GS?
According to the Capital Markets industry distribution chart, China Bills Finance ranks #187 out of 556 companies for PE Ratio without NRI. This puts China Bills Finance in the upper half of its industry. The industry median PE Ratio without NRI is 17.27. China Bills Finance's value of 12.54 is 27.4% below this benchmark. Historically, China Bills Finance's own PE Ratio without NRI has ranged from 9.20 to 20.33 over the past decade. While the company's 10-year median is 14.57 vs. the industry median of 17.27, China Bills Finance 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 Capital Markets company?
The median PE Ratio without NRI among Capital Markets companies is 17.27, based on 556 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. China Bills Finance's current PE Ratio without NRI of 12.54 is 27.4% 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 China Bills Finance and its competitors. For the Capital Markets industry, the median PE Ratio without NRI is 17.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Bills Finance's current PE Ratio without NRI is 12.54, which is 14% below median its own 10-year median of 14.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Bills Finance stock overvalued right now?
Based on GuruFocus' analysis, China Bills Finance (TPE:2820) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$24.43, compared to a current price of NT$16.65 — trading 31.8% below its estimated fair value. The current PE Ratio without NRI is 12.54, which is 14% below median its 10-year median of 14.57 and 27.4% below the Capital Markets industry median of 17.27. China Bills Finance's overall GF Score™ is 62/100 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 China Bills Finance (TPE:2820), the current PE Ratio without NRI is 12.54 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 China Bills Finance (TPE:2820) Overvalued in 2026?
Based on GuruFocus' analysis, China Bills Finance stock appears to be undervalued.
The current stock price of NT$16.65 is trading 31.8% below its estimated GF Value™ of NT$24.43.
GuruFocus considers China Bills Finance to be Significantly Undervalued.
Key valuation signals for TPE:2820:
PE Ratio without NRI: 12.54 (14% below median its 10-year median of 14.57)
GF Value™: NT$24.43 vs. price of NT$16.65 (31.8% below fair value)
Industry Position: 27.4% below the Capital Markets median (#187 of 556)
No single metric tells the full story. See the TPE:2820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Bills Finance Corp focuses on corporate financing and fixed-income commodities. The company's business activities consist of certifying and underwriting of short-term bills and bank debentures; brokering or undertaking proprietary trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; providing financial consulting services to enterprises; processing interbank call loans; equity investments; fixed-income security trading; (h) foreign-currency bills investment; and doing other businesses as authorized by relevant authorities. Its business is concentrated in Taiwan.
62GF Score
Get the complete analysis for TPE:2820
PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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