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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 (2024-10-31), The AZEK Co's share price is $44.00. The AZEK Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $1.27. Therefore, The AZEK Co's PE Ratio without NRI for today is 34.65.
During the past 6 years, The AZEK Co's highest PE Ratio without NRI was 178.39. The lowest was 14.60. And the median was 41.18.
The AZEK Co's EPS without NRI for the three months ended in Jun. 2024 was $0.42. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $1.27.
As of today (2024-10-31), The AZEK Co's share price is $44.00. The AZEK Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.13. Therefore, The AZEK Co's PE Ratio (TTM) for today is 38.94.
During the past years, The AZEK Co's highest PE Ratio (TTM) was 395.29. The lowest was 21.23. And the median was 47.64.
The AZEK Co's EPS (Diluted) for the three months ended in Jun. 2024 was $0.34. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.13.
The AZEK Co's EPS (Basic) for the three months ended in Jun. 2024 was $0.34. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.14.
The historical data trend for The AZEK 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.
The AZEK Co Annual Data | |||||||||||||||
Trend | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||
PE Ratio without NRI | Get a 7-Day Free Trial | N/A | 59.00 | 38.45 | 18.26 | 40.19 |
The AZEK Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
PE Ratio without NRI | Get a 7-Day Free Trial | 58.25 | 40.19 | 40.69 | 43.67 | 33.17 |
For the Building Products & Equipment subindustry, The AZEK 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.
For the Construction industry and Industrials sector, The AZEK Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where The AZEK Co'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.
The AZEK Co's PE Ratio without NRI for today is calculated as
PE Ratio without NRI | = | Share Price | / | EPS without NRI |
= | 44.00 | / | 1.270 | |
= | 34.65 |
The AZEK Co's Share Price of today is $44.00.
The AZEK Co's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.27.
* 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.
The AZEK Co (NYSE:AZEK) 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.
Thank you for viewing the detailed overview of The AZEK Co's PE Ratio without NRI provided by GuruFocus.com. Please click on the following links to see related term pages.
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