Medical System Network CoTSE:4350 +2.71%60 PE Ratio without NRI is 9.90 as of Jul. 08, 2026, which is 6% above its 10-year median of 9.31. GuruFocus rates TSE:4350 with a GF Score™ of 60/100 and a GF Value™ of 円522.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 437 Healthcare Providers & Services companies, Medical System Network Co ranks better than 89.47% 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), Medical System Network Co's share price is 円493.00.
Medical System Network Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円49.81. Therefore, Medical System Network Co's PE Ratio without NRI for today is 9.90.
During the past 13 years, Medical System Network Co's highest PE Ratio without NRI was 92.34. The lowest was 4.62. And the median was 9.31.
Medical System Network Co (TSE:4350) 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.
Medical System Network Co PE Ratio without NRI Related Terms
Medical System Network 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.
Medical System Network Co PE Ratio without NRI Chart
Medical System Network Co PE Ratio without NRI Competitor Comparison
For the Pharmaceutical Retailers subindustry, Medical System Network 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.
Medical System Network Co PE Ratio without NRI vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Medical System Network Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Medical System Network Co's PE Ratio without NRI falls into.
Medical System Network 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.
Medical System Network Co's Share Price of today is 円493.00.
Medical System Network Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円49.81.
* 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.
Medical System Network Co (TSE:4350) has a PE Ratio without NRI of 9.90 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 Medical System Network Co and its competitors. This is near median its historical median of 9.31. Over the past decade, Medical System Network Co's PE Ratio without NRI has ranged from 4.62 to 92.34. According to the industry distribution chart, Medical System Network Co ranks #46 out of 437 companies in the Healthcare Providers & Services industry, placing it in the top 10.5%.
Is Medical System Network Co's PE Ratio without NRI too high?
Medical System Network Co's current PE Ratio without NRI of 9.90 is near median its 10-year median of 9.31. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 92.34. The Healthcare Providers & Services industry median PE Ratio without NRI is 19.98. Medical System Network Co's value of 9.90 is 50.5% below this industry median. Based on the distribution chart, Medical System Network Co ranks #46 out of 437 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Medical System Network Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medical System Network Co's PE Ratio without NRI compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Medical System Network Co ranks #46 out of 437 companies for PE Ratio without NRI. This places Medical System Network Co in the top 11% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 19.98. Medical System Network Co's value of 9.90 is 50.5% below this benchmark. Historically, Medical System Network Co's own PE Ratio without NRI has ranged from 4.62 to 92.34 over the past decade. While the company's 10-year median is 9.31 vs. the industry median of 19.98, Medical System Network 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 Healthcare Providers & Services company?
The median PE Ratio without NRI among Healthcare Providers & Services companies is 19.98, based on 437 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. Medical System Network Co's current PE Ratio without NRI of 9.90 is 50.5% 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 Medical System Network Co and its competitors. For the Healthcare Providers & Services industry, the median PE Ratio without NRI is 19.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical System Network Co's current PE Ratio without NRI is 9.90, which is near median its own 10-year median of 9.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical System Network Co stock overvalued right now?
Based on GuruFocus' analysis, Medical System Network Co (TSE:4350) is currently considered Fairly Valued. The stock's GF Value™ is 円522.01, compared to a current price of 円493.00 — trading 5.6% below its estimated fair value. The current PE Ratio without NRI is 9.90, which is near median its 10-year median of 9.31 and 50.5% below the Healthcare Providers & Services industry median of 19.98. Medical System Network Co's overall GF Score™ is 60/100 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 Medical System Network Co (TSE:4350), the current PE Ratio without NRI is 9.90 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.
Is Medical System Network Co (TSE:4350) Overvalued in 2026?
Based on GuruFocus' analysis, Medical System Network Co stock appears to be undervalued.
The current stock price of 円493.00 is trading 5.6% below its estimated GF Value™ of 円522.01.
GuruFocus considers Medical System Network Co to be Fairly Valued.
Key valuation signals for TSE:4350:
PE Ratio without NRI: 9.90 (near median its 10-year median of 9.31)
GF Value™: 円522.01 vs. price of 円493.00 (5.6% below fair value)
Industry Position: 50.5% below the Healthcare Providers & Services median (#46 of 437)
No single metric tells the full story. See the TSE:4350 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medical System Network Co Ltd is involved in its network business of dispensing pharmacy business. It also operates a network database used by pharmacies to access patients' prescriptions. It operates through the following business divisions: Pharmaceutical Product Network; Dispensing Pharmacy; Leasing and Equipment-related Business; Food Supply business and others.
60GF Score
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