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Telstra GroupASX:TLS -0.40%75 Shiller PE Ratio is 18.44 as of Aug. 06, 2026, which is 48% above its 10-year median of 12.45. GuruFocus rates ASX:TLS with a GF Score™ of 75/100 and a GF Value™ of A$4.42 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 220 Telecommunication Services companies, Telstra Group ranks worse than 52.73% on this metric.
As of today (2026-08-06), Telstra Group's current share price is A$4.98. Telstra Group's E10 for the fiscal year that ended in Jun25 was A$0.27. Telstra Group's Shiller PE Ratio for today is 18.44.
The historical rank and industry rank for Telstra Group's Shiller PE Ratio or its related term are showing as below:
ASX:TLS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.28 Med: 12.45 Max: 20.07
Current: 18.27
During the past 13 years, Telstra Group's highest Shiller PE Ratio was 20.07. The lowest was 7.28. And the median was 12.45.
ASX:TLS's Shiller PE Ratio is ranked worse than 52.73% of 220
companies
in the Telecommunication Services industry
Industry Median: 17.655
vs ASX:TLS: 18.27
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Telstra Group's adjusted earnings per share data of for the fiscal year that ended in Jun25 was A$0.188. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is A$0.27 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Telstra Group (ASX:TLS) 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.
Telstra Group Shiller PE Ratio Related Terms
Telstra Group Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Telstra Group'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.
ASX:TLS vs VZ, TMUS, T: Shiller PE Ratio Comparison
For the Telecom Services subindustry, Telstra Group'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.
Telstra Group Shiller PE Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Telstra Group's Shiller PE Ratio falls into.
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.
Telstra Group's Shiller PE Ratio for today is calculated as
* 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.
Telstra Group's E10 for the fiscal year that ended in Jun25 is calculated as:
For example, Telstra Group's adjusted earnings per share data for the fiscal year that ended in Jun25 was:
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.
Telstra Group (ASX:TLS) has a Shiller PE Ratio of 18.44 as of Aug. 06, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Telstra Group and its competitors. This is 48% above median its historical median of 12.45. Over the past decade, Telstra Group's Shiller PE Ratio has ranged from 7.28 to 20.07. According to the industry distribution chart, Telstra Group ranks #116 out of 220 companies in the Telecommunication Services industry, placing it in the top 52.7%.
Is Telstra Group's Shiller PE Ratio too high?
Telstra Group's current Shiller PE Ratio of 18.44 is 48% above median its 10-year median of 12.45. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 20.07. The Telecommunication Services industry median Shiller PE Ratio is 17.66. Telstra Group's value of 18.44 is 4.4% above this industry median. Based on the distribution chart, Telstra Group ranks #116 out of 220 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telstra Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's Shiller PE Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #116 out of 220 companies for Shiller PE Ratio. This places Telstra Group in the lower half of its industry. The industry median Shiller PE Ratio is 17.66. Telstra Group's value of 18.44 is 4.4% above this benchmark. Historically, Telstra Group's own Shiller PE Ratio has ranged from 7.28 to 20.07 over the past decade. While the company's 10-year median is 12.45 vs. the industry median of 17.66, Telstra Group 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 Shiller PE Ratio for a Telecommunication Services company?
The median Shiller PE Ratio among Telecommunication Services companies is 17.66, based on 220 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telstra Group's current Shiller PE Ratio of 18.44 is 4.4% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Telstra Group and its competitors. For the Telecommunication Services industry, the median Shiller PE Ratio is 17.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telstra Group's current Shiller PE Ratio is 18.44, which is 48% above median its own 10-year median of 12.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Based on GuruFocus' analysis, Telstra Group (ASX:TLS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.42, compared to a current price of A$4.98 — trading 12.7% above its estimated fair value. The current Shiller PE Ratio is 18.44, which is 48% above median its 10-year median of 12.45 and 4.4% above the Telecommunication Services industry median of 17.66. Telstra Group's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Telstra Group (ASX:TLS), the current Shiller PE Ratio is 18.44 as of Aug. 06, 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 Telstra Group (ASX:TLS) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of A$4.98 is trading 12.7% above its estimated GF Value™ of A$4.42.
GuruFocus considers Telstra Group to be Modestly Overvalued.
Key valuation signals for ASX:TLS:
Shiller PE Ratio: 18.44 (48% above median its 10-year median of 12.45)
GF Value™: A$4.42 vs. price of A$4.98 (12.7% above fair value)
Industry Position: 4.4% above the Telecommunication Services median (#116 of 220)
No single metric tells the full story. See the ASX:TLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
75GF Score
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