Asset Plus (NZSE:APL) PE Ratio (TTM): At Loss (As of Jul. 14, 2026)

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NZSE:APL Asset Plus Ltd NZSE:APL
43 GF Score
Price NZ$0.17
GF Value NZ$0.23
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Asset Plus PE Ratio (TTM)?

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-14), Asset Plus's share price is NZ$0.167. Asset Plus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.01. Therefore, Asset Plus's PE Ratio (TTM) for today is At Loss.


The historical rank and industry rank for Asset Plus's PE Ratio (TTM) or its related term are showing as below:

NZSE:APL' s PE Ratio (TTM) Range Over the Past 10 Years
Min: At Loss   Med: 29.38   Max: 36.88
Current: At Loss


During the past 13 years, the highest PE Ratio (TTM) of Asset Plus was 36.88. The lowest was 0.00. And the median was 29.38.


NZSE:APL's PE Ratio (TTM) is ranked worse than
100% of 747 companies
in the REITs industry
Industry Median: 13.48 vs NZSE:APL: At Loss

Asset Plus's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was NZ$-0.01. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.01.

As of today (2026-07-14), Asset Plus's share price is NZ$0.167. Asset Plus's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.01. Therefore, Asset Plus's PE Ratio without NRI for today is At Loss.

During the past 13 years, Asset Plus's highest PE Ratio without NRI was 36.88. The lowest was 0.00. And the median was 29.38.

Asset Plus's EPS without NRI for the six months ended in Mar. 2026 was NZ$-0.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.01.

During the past 3 years, the average EPS without NRI Growth Rate was 37.00% per year.

During the past 13 years, Asset Plus's highest 3-Year average EPS without NRI Growth Rate was 50.00% per year. The lowest was -36.60% per year. And the median was -7.00% per year.

Asset Plus's EPS (Basic) for the six months ended in Mar. 2026 was NZ$-0.01. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.01.


Asset Plus  (NZSE:APL) PE Ratio (TTM) Explanation

The PE Ratio (TTM) 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 (TTM) 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 (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) 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 (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) 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 (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) 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 without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) 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 (TTM) 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 (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items 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 PE Ratio (TTM).


Asset Plus PE Ratio (TTM) Related Terms


Asset Plus PE Ratio (TTM) Historical Data

* Premium members only.

The historical data trend for Asset Plus's PE Ratio (TTM) 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.

Asset Plus PE Ratio (TTM) Chart

Asset Plus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.13 At Loss At Loss At Loss At Loss

Asset Plus Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
PE Ratio (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only At Loss At Loss At Loss At Loss At Loss

NZSE:APL vs VICI, WPC, BNL: PE Ratio (TTM) Comparison

For the REIT - Diversified subindustry, Asset Plus's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.


Asset Plus PE Ratio (TTM) vs REITs Industry

For the REITs industry and Real Estate sector, Asset Plus's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Asset Plus's PE Ratio (TTM) falls into.


NZSE:APL
43GF Score
Asset Plus Ltd NZSE:APL
PE Ratio (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asset Plus PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Asset Plus's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=0.167/-0.009
=At Loss

Asset Plus's Share Price of today is NZ$0.167.
For company reported semi-annually, Asset Plus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-0.01.

* 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.

It can also be calculated from the numbers for the whole company:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

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. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

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.

Is Asset Plus (NZSE:APL) Overvalued in 2026?

Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued. The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23. GuruFocus considers Asset Plus to be Modestly Undervalued.

Key valuation signals for NZSE:APL:

  • PE Ratio (TTM): At Loss
  • GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
  • GF Score™: 43/100 with 2 warning signs

No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asset Plus Business Description

Industry Real EstateREITs
Address C/- Centuria Funds Management Limited, 30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score

Get the complete analysis for NZSE:APL

PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$0.17
Price
NZ$0.23
GF Value