Okamura Foods Co (TSE:2938) PE Ratio without NRI: 34.17 (As of Jul. 08, 2026) — Near Median


TSE:2938 Okamura Foods Co Ltd TSE:2938
12 GF Score
Price 円1,271.00
! 5 Warning Signs
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What is Okamura Foods Co PE Ratio without NRI?

Okamura Foods Co TSE:2938 +2.25% 12 PE Ratio without NRI is 34.17 as of Jul. 08, 2026, which is 5% above its 10-year median of 32.66. GuruFocus rates TSE:2938 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 1,448 Consumer Packaged Goods companies, Okamura Foods Co ranks worse than 90.26% 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 (2026-07-08), Okamura Foods Co's share price is 円1271.00. Okamura Foods Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was 円20.50. Therefore, Okamura Foods Co's PE Ratio without NRI for today is 34.17.

During the past 5 years, Okamura Foods Co's highest PE Ratio without NRI was 97.01. The lowest was 11.49. And the median was 32.66.

Okamura Foods Co's EPS without NRI for the three months ended in Dec. 2025 was 円0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was 円20.50.

As of today (2026-07-08), Okamura Foods Co's share price is 円1271.00. Okamura Foods Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was 円21.09. Therefore, Okamura Foods Co's PE Ratio (TTM) for today is 33.07.

During the past years, Okamura Foods Co's highest PE Ratio (TTM) was 92.75. The lowest was 12.29. And the median was 33.50.

Okamura Foods Co's EPS (Diluted) for the three months ended in Dec. 2025 was 円0.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was 円21.09.

Okamura Foods Co's EPS (Basic) for the three months ended in Dec. 2025 was 円0.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was 円22.04.


Okamura Foods Co  (TSE:2938) 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.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Okamura Foods Co PE Ratio without NRI Related Terms


Okamura Foods Co PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Okamura Foods 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.

Okamura Foods Co PE Ratio without NRI Chart

Okamura Foods Co Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
PE Ratio without NRI
N/A N/A N/A 13.08 32.14

Okamura Foods Co Quarterly Data
Jun21 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
PE Ratio without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.85 41.70 32.14 62.79 At Loss

TSE:2938 vs ADM, BG, TSN: PE Ratio without NRI Comparison

For the Farm Products subindustry, Okamura Foods 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.


Okamura Foods Co PE Ratio without NRI vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Okamura Foods Co's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Okamura Foods Co's PE Ratio without NRI falls into.


TSE:2938
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Okamura Foods Co Ltd TSE:2938
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Okamura Foods 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.

Okamura Foods Co's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=1271.00/37.195
=34.17

Okamura Foods Co's Share Price of today is 円1271.00.
Okamura Foods 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 円20.50.

* 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.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 34.17 mean?
Okamura Foods Co (TSE:2938) has a PE Ratio without NRI of 34.17 as of Jul. 08, 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 Okamura Foods Co and its competitors. This is near median its historical median of 32.66. Over the past decade, Okamura Foods Co's PE Ratio without NRI has ranged from 11.49 to 97.01. According to the industry distribution chart, Okamura Foods Co ranks #1307 out of 1448 companies in the Consumer Packaged Goods industry, placing it in the top 90.3%.
Is Okamura Foods Co's PE Ratio without NRI too high?
Okamura Foods Co's current PE Ratio without NRI of 34.17 is near median its 10-year median of 32.66. Over the past 10 years, this metric has ranged from a low of 11.49 to a high of 97.01. The Consumer Packaged Goods industry median PE Ratio without NRI is 16.43. Okamura Foods Co's value of 34.17 is 108% above this industry median. Based on the distribution chart, Okamura Foods Co ranks #1307 out of 1448 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Okamura Foods Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Okamura Foods Co's PE Ratio without NRI compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Okamura Foods Co ranks #1307 out of 1448 companies for PE Ratio without NRI. This places Okamura Foods Co in the lower half of its industry. The industry median PE Ratio without NRI is 16.43. Okamura Foods Co's value of 34.17 is 108% above this benchmark. Historically, Okamura Foods Co's own PE Ratio without NRI has ranged from 11.49 to 97.01 over the past decade. While the company's 10-year median is 32.66 vs. the industry median of 16.43, Okamura Foods 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 a Consumer Packaged Goods company?
The median PE Ratio without NRI among Consumer Packaged Goods companies is 16.43, based on 1,448 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. Okamura Foods Co's current PE Ratio without NRI of 34.17 is 108% 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 Okamura Foods Co and its competitors. For the Consumer Packaged Goods industry, the median PE Ratio without NRI is 16.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okamura Foods Co's current PE Ratio without NRI is 34.17, which is near median its own 10-year median of 32.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okamura Foods Co stock overvalued right now?
Okamura Foods Co (TSE:2938) has a current PE Ratio without NRI of 34.17. The current PE Ratio without NRI is 34.17, which is near median its 10-year median of 32.66 and 108% above the Consumer Packaged Goods industry median of 16.43. Okamura Foods Co's overall GF Score™ is 12/100 with 5 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 Okamura Foods Co (TSE:2938), the current PE Ratio without NRI is 34.17 as of Jul. 08, 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.

Okamura Foods Co Business Description

Address 1-6-11 Yaeda, Aomori Prefecture, Aomori, JPN, 030-0912
Okamura Foods Co Ltd is engaged in the business of aquaculture, Salmon farming, processing and sales of marine products, wholesale of marine products.
12GF Score

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