Howa MachineryTSE:6203 +2.88%61 PE Ratio without NRI is 25.68 as of Jul. 12, 2026, which is 72% above its 10-year median of 14.95. GuruFocus rates TSE:6203 with a GF Score™ of 61/100 and a GF Value™ of 円1,025.42 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,268 Industrial Products companies, Howa Machinery ranks better than 53.66% 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 (2026-07-12), Howa Machinery's share price is 円1641.00.
Howa Machinery's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円63.90. Therefore, Howa Machinery's PE Ratio without NRI for today is 25.68.
During the past 13 years, Howa Machinery's highest PE Ratio without NRI was 107.50. The lowest was 6.99. And the median was 14.95.
During the past years, Howa Machinery's highestPE Ratio (TTM) was 91.03. The lowest was 5.60. And the median was 17.08.
Howa Machinery's
EPS (Diluted) for the
six
months ended in Mar. 2026 was 円52.59.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円61.41.
Howa Machinery's EPS (Basic) for the
six
months ended in Mar. 2026 was 円52.59.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was 円61.41.
Howa Machinery (TSE:6203) 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.
Howa Machinery PE Ratio without NRI Related Terms
Howa Machinery PE Ratio without NRI Historical Data
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The historical data trend for Howa Machinery'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.
TSE:6203 vs GEV, ETN, PH: PE Ratio without NRI Comparison
For the Specialty Industrial Machinery subindustry, Howa Machinery'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.
Howa Machinery PE Ratio without NRI vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Howa Machinery's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Howa Machinery's PE Ratio without NRI falls into.
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.
Howa Machinery's PE Ratio without NRI for today is calculated as
Howa Machinery's Share Price of today is 円1641.00.
For company reported semi-annually, Howa Machinery's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円63.90.
* 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.
Howa Machinery (TSE:6203) has a PE Ratio without NRI of 25.68 as of Jul. 12, 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 Howa Machinery and its competitors. This is 72% above median its historical median of 14.95. Over the past decade, Howa Machinery's PE Ratio without NRI has ranged from 6.99 to 107.50. According to the industry distribution chart, Howa Machinery ranks #1051 out of 2268 companies in the Industrial Products industry, placing it in the top 46.3%.
Is Howa Machinery's PE Ratio without NRI too high?
Howa Machinery's current PE Ratio without NRI of 25.68 is 72% above median its 10-year median of 14.95. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 107.50. The Industrial Products industry median PE Ratio without NRI is 27.03. Howa Machinery's value of 25.68 is 5% below this industry median. Based on the distribution chart, Howa Machinery ranks #1051 out of 2268 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Howa Machinery has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howa Machinery's PE Ratio without NRI compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Howa Machinery ranks #1051 out of 2268 companies for PE Ratio without NRI. This puts Howa Machinery in the upper half of its industry. The industry median PE Ratio without NRI is 27.03. Howa Machinery's value of 25.68 is 5% below this benchmark. Historically, Howa Machinery's own PE Ratio without NRI has ranged from 6.99 to 107.50 over the past decade. While the company's 10-year median is 14.95 vs. the industry median of 27.03, Howa Machinery 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 an Industrial Products company?
The median PE Ratio without NRI among Industrial Products companies is 27.03, based on 2,268 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. Howa Machinery's current PE Ratio without NRI of 25.68 is 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 Howa Machinery and its competitors. For the Industrial Products industry, the median PE Ratio without NRI is 27.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howa Machinery's current PE Ratio without NRI is 25.68, which is 72% above median its own 10-year median of 14.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howa Machinery stock overvalued right now?
Based on GuruFocus' analysis, Howa Machinery (TSE:6203) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,025.42, compared to a current price of 円1,641.00 — trading 60% above its estimated fair value. The current PE Ratio without NRI is 25.68, which is 72% above median its 10-year median of 14.95 and 5% below the Industrial Products industry median of 27.03. Howa Machinery's overall GF Score™ is 61/100 with 6 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 Howa Machinery (TSE:6203), the current PE Ratio without NRI is 25.68 as of Jul. 12, 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 Howa Machinery (TSE:6203) Overvalued in 2026?
Based on GuruFocus' analysis, Howa Machinery stock appears to be overvalued.
The current stock price of 円1,641.00 is trading 60% above its estimated GF Value™ of 円1,025.42.
GuruFocus considers Howa Machinery to be Significantly Overvalued.
Key valuation signals for TSE:6203:
PE Ratio without NRI: 25.68 (72% above median its 10-year median of 14.95)
GF Value™: 円1,025.42 vs. price of 円1,641.00 (60% above fair value)
Industry Position: 5% below the Industrial Products median (#1051 of 2268)
No single metric tells the full story. See the TSE:6203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howa Machinery Ltd engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, firearms, construction materials and construction machinery.
61GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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