Rio Tinto (ASX:RIO) Shiller PE Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:RIO Rio Tinto Ltd ASX:RIO
77 GF Score
Price A$167.49
GF Value A$133.91
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Rio Tinto Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rio Tinto  (ASX:RIO) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Rio Tinto Shiller PE Ratio Related Terms


Rio Tinto Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Rio Tinto's Shiller PE Ratio 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.

Rio Tinto Shiller PE Ratio Chart

Rio Tinto Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.77 15.05 15.57 12.32 13.45

Rio Tinto Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Shiller PE Ratio 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 13.04 12.26 10.67 13.36 14.99

Rio Tinto Shiller PE Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Rio Tinto's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Rio Tinto Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Rio Tinto's Shiller PE Ratio falls into.


ASX:RIO
77GF Score
Rio Tinto Ltd ASX:RIO
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rio Tinto Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Rio Tinto's E10 for the fiscal year that ended in Dec25 is calculated as:

For example, Rio Tinto's adjusted earnings per share data for the fiscal year that ended in Dec25 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec25 (Change)*Current CPI (Dec25)
=9.4357/135.0688*135.0688
=9.436

Current CPI (Dec25) = 135.0688.

Rio Tinto Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201612 3.434 0.000
201712 6.352 0.000
201812 10.548 0.000
201912 7.019 0.000
202012 8.713 0.000
202112 17.253 0.000
202212 10.969 0.000
202312 9.288 0.000
202412 10.722 130.173 11.125
202512 9.436 135.069 9.436

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Rio Tinto (ASX:RIO) Overvalued in 2026?

Based on GuruFocus' analysis, Rio Tinto stock appears to be overvalued. The current stock price of A$167.49 is trading 25.1% above its estimated GF Value™ of A$133.91. GuruFocus considers Rio Tinto to be Modestly Overvalued.

Key valuation signals for ASX:RIO:

  • Shiller PE Ratio:
  • GF Value™: A$133.91 vs. price of A$167.49 (25.1% above fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Rio Tinto Business Description

Other Exchanges RTNTF:USACRA1:Germany
Address 120 Collins Street, Level 43, Melbourne, VIC, AUS, 3000
Rio Tinto is a global diversified miner. Iron ore is its major commodity, with lesser contributions from copper and aluminum. Lithium, diamonds, gold, and industrial minerals are more minor contributors. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
77GF Score

Get the complete analysis for ASX:RIO

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

A$167.49
Price
A$133.91
GF Value