UPM-Kymmene OyjUPMKF -13.64%77 PE Ratio without NRI is 21.34 as of Jul. 04, 2026, which is 36% above its 10-year median of 15.66. GuruFocus rates UPMKF with a GF Score™ of 77/100 and a GF Value™ of $27.72 (Fairly Valued). The stock has 5 warning signs investors should review. Among 175 Forest Products companies, UPM-Kymmene Oyj ranks worse than 58.29% 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 (2026-07-04), UPM-Kymmene Oyj's share price is $25.326.
UPM-Kymmene Oyj's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $1.19. Therefore, UPM-Kymmene Oyj's PE Ratio without NRI for today is 21.34.
During the past 13 years, UPM-Kymmene Oyj's highest PE Ratio without NRI was 105.39. The lowest was 7.91. And the median was 15.66.
UPM-Kymmene Oyj stock PE Ratio (=22.88) is close to 1-year low of 22.82.
During the past years, UPM-Kymmene Oyj's highestPE Ratio (TTM) was 105.39. The lowest was 7.91. And the median was 15.00.
UPM-Kymmene Oyj's
EPS (Diluted) for the
three
months ended in Mar. 2026 was $0.43.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.19.
UPM-Kymmene Oyj's EPS (Basic) for the
three
months ended in Mar. 2026 was $0.43.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.19.
UPM-Kymmene Oyj (OTCPK:UPMKF) 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.
UPM-Kymmene Oyj PE Ratio without NRI Related Terms
UPM-Kymmene Oyj PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for UPM-Kymmene Oyj'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.
For the Paper & Paper Products subindustry, UPM-Kymmene Oyj'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.
UPM-Kymmene Oyj PE Ratio without NRI vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, UPM-Kymmene Oyj's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where UPM-Kymmene Oyj'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.
UPM-Kymmene Oyj's PE Ratio without NRI for today is calculated as
UPM-Kymmene Oyj's Share Price of today is $25.326.
UPM-Kymmene Oyj'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 $1.19.
* 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.
UPM-Kymmene Oyj (UPMKF) has a PE Ratio without NRI of 21.34 as of Jul. 04, 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 UPM-Kymmene Oyj and its competitors. This is 36% above median its historical median of 15.66. Over the past decade, UPM-Kymmene Oyj's PE Ratio without NRI has ranged from 7.91 to 105.39. According to the industry distribution chart, UPM-Kymmene Oyj ranks #102 out of 175 companies in the Forest Products industry, placing it in the top 58.3%.
Is UPM-Kymmene Oyj's PE Ratio without NRI too high?
UPM-Kymmene Oyj's current PE Ratio without NRI of 21.34 is 36% above median its 10-year median of 15.66. Over the past 10 years, this metric has ranged from a low of 7.91 to a high of 105.39. The Forest Products industry median PE Ratio without NRI is 17.89. UPM-Kymmene Oyj's value of 21.34 is 19.3% above this industry median. Based on the distribution chart, UPM-Kymmene Oyj ranks #102 out of 175 companies in the Forest Products industry, which is below the industry midpoint. Overall, UPM-Kymmene Oyj has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UPM-Kymmene Oyj's PE Ratio without NRI compare to SLVM?
According to the Forest Products industry distribution chart, UPM-Kymmene Oyj ranks #102 out of 175 companies for PE Ratio without NRI. This places UPM-Kymmene Oyj in the lower half of its industry. The industry median PE Ratio without NRI is 17.89. UPM-Kymmene Oyj's value of 21.34 is 19.3% above this benchmark. Historically, UPM-Kymmene Oyj's own PE Ratio without NRI has ranged from 7.91 to 105.39 over the past decade. While the company's 10-year median is 15.66 vs. the industry median of 17.89, UPM-Kymmene Oyj 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 Forest Products company?
The median PE Ratio without NRI among Forest Products companies is 17.89, based on 175 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. UPM-Kymmene Oyj's current PE Ratio without NRI of 21.34 is 19.3% 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 UPM-Kymmene Oyj and its competitors. For the Forest Products industry, the median PE Ratio without NRI is 17.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UPM-Kymmene Oyj's current PE Ratio without NRI is 21.34, which is 36% above median its own 10-year median of 15.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UPM-Kymmene Oyj stock overvalued right now?
Based on GuruFocus' analysis, UPM-Kymmene Oyj (UPMKF) is currently considered Fairly Valued. The stock's GF Value™ is $27.72, compared to a current price of $25.33 — trading 8.6% below its estimated fair value. The current PE Ratio without NRI is 21.34, which is 36% above median its 10-year median of 15.66 and 19.3% above the Forest Products industry median of 17.89. UPM-Kymmene Oyj's overall GF Score™ is 77/100 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 UPM-Kymmene Oyj (UPMKF), the current PE Ratio without NRI is 21.34 as of Jul. 04, 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 UPM-Kymmene Oyj (UPMKF) Overvalued in 2026?
Based on GuruFocus' analysis, UPM-Kymmene Oyj stock appears to be undervalued.
The current stock price of $25.33 is trading 8.6% below its estimated GF Value™ of $27.72.
GuruFocus considers UPM-Kymmene Oyj to be Fairly Valued.
Key valuation signals for UPMKF:
PE Ratio without NRI: 21.34 (36% above median its 10-year median of 15.66)
GF Value™: $27.72 vs. price of $25.33 (8.6% below fair value)
Industry Position: 19.3% above the Forest Products median (#102 of 175)
No single metric tells the full story. See the UPMKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UPM-Kymmene Oyj is a Finnish paper and biomaterials company. The company produces products related to the forestry industry, including paper, pulp, and plywood. UPM is also the majority electricity generator in Finland and is one of the globalised producers of self-adhesive labeling materials. It delivers responsible solutions and innovation for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.
77GF Score
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