Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Euronext Athens HoldingATH:EXAE +2.63%86 Shiller PE Ratio is 45.81 as of Sep. 15, 2026, which is 111% above its 10-year median of 21.70. GuruFocus rates ATH:EXAE with a GF Score™ of 86/100 and a GF Value™ of €8.76 (Fairly Valued). The stock has 4 warning signs investors should review. Among 475 Capital Markets companies, Euronext Athens Holding ranks worse than 80% on this metric.
The historical rank and industry rank for Euronext Athens Holding's Shiller PE Ratio or its related term are showing as below:
ATH:EXAE'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.18 Med: 21.7 Max: 56.92
Current: 46.03
During the past years, Euronext Athens Holding's highest Shiller PE Ratio was 56.92. The lowest was 7.18. And the median was 21.70.
ATH:EXAE's Shiller PE Ratio is ranked worse than 80% of 475
companies
in the Capital Markets industry
Industry Median: 20.81
vs ATH:EXAE: 46.03
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.
Euronext Athens Holding's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.083. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.18 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Euronext Athens Holding (ATH:EXAE) 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.
Euronext Athens Holding Shiller PE Ratio Related Terms
Euronext Athens Holding Shiller PE Ratio Historical Data
* 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.
ATH:EXAE vs SPGI, CME, ICE: Shiller PE Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Euronext Athens Holding'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.
Euronext Athens Holding Shiller PE Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Euronext Athens Holding's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Euronext Athens Holding's Shiller PE Ratio falls into.
Euronext Athens Holding 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.
* 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.
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.
Euronext Athens Holding (ATH:EXAE) has a Shiller PE Ratio of 45.81 as of Sep. 15, 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 Euronext Athens Holding and its competitors. This is 111% above median its historical median of 21.70. Over the past decade, Euronext Athens Holding's Shiller PE Ratio has ranged from 7.18 to 56.92. According to the industry distribution chart, Euronext Athens Holding ranks #380 out of 475 companies in the Capital Markets industry, placing it in the top 80%.
Is Euronext Athens Holding's Shiller PE Ratio too high?
Euronext Athens Holding's current Shiller PE Ratio of 45.81 is 111% above median its 10-year median of 21.70. Over the past 10 years, this metric has ranged from a low of 7.18 to a high of 56.92. The Capital Markets industry median Shiller PE Ratio is 20.81. Euronext Athens Holding's value of 45.81 is 120.1% above this industry median. Based on the distribution chart, Euronext Athens Holding ranks #380 out of 475 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Euronext Athens Holding has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Euronext Athens Holding's Shiller PE Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Euronext Athens Holding ranks #380 out of 475 companies for Shiller PE Ratio. This places Euronext Athens Holding in the lower half of its industry. The industry median Shiller PE Ratio is 20.81. Euronext Athens Holding's value of 45.81 is 120.1% above this benchmark. Historically, Euronext Athens Holding's own Shiller PE Ratio has ranged from 7.18 to 56.92 over the past decade. While the company's 10-year median is 21.70 vs. the industry median of 20.81, Euronext Athens Holding 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 Capital Markets company?
The median Shiller PE Ratio among Capital Markets companies is 20.81, based on 475 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. Euronext Athens Holding's current Shiller PE Ratio of 45.81 is 120.1% 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 Euronext Athens Holding and its competitors. For the Capital Markets industry, the median Shiller PE Ratio is 20.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euronext Athens Holding's current Shiller PE Ratio is 45.81, which is 111% above median its own 10-year median of 21.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext Athens Holding stock overvalued right now?
Based on GuruFocus' analysis, Euronext Athens Holding (ATH:EXAE) is currently considered Fairly Valued. The stock's GF Value™ is €8.76, compared to a current price of €8.20 — trading 6.4% below its estimated fair value. The current Shiller PE Ratio is 45.81, which is 111% above median its 10-year median of 21.70 and 120.1% above the Capital Markets industry median of 20.81. Euronext Athens Holding's overall GF Score™ is 86/100 with 4 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 Euronext Athens Holding (ATH:EXAE), the current Shiller PE Ratio is 45.81 as of Sep. 15, 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 Euronext Athens Holding (ATH:EXAE) Overvalued in 2026?
Based on GuruFocus' analysis, Euronext Athens Holding stock appears to be undervalued.
The current stock price of €8.20 is trading 6.4% below its estimated GF Value™ of €8.76.
GuruFocus considers Euronext Athens Holding to be Fairly Valued.
Key valuation signals for ATH:EXAE:
Shiller PE Ratio: 45.81 (111% above median its 10-year median of 21.70)
GF Value™: €8.76 vs. price of €8.20 (6.4% below fair value)
Industry Position: 120.1% above the Capital Markets median (#380 of 475)
No single metric tells the full story. See the ATH:EXAE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euronext Athens Holding SA operates the Greek capital market, offering trading, clearing, settlement, and registry services for equities, derivatives, bonds, and energy markets.
86GF Score
Get the complete analysis for ATH:EXAE
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ATH:EXAE has been successfully added to your 
