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NetEaseBSP:NETE34 -5.31%93 Shiller PE Ratio is 28.55 as of Jul. 15, 2026, which is 19% below its 10-year median of 35.07. GuruFocus rates BSP:NETE34 with a GF Score™ of 93/100 and a GF Value™ of R$61.35 (Fairly Valued). The stock has 1 warning sign investors should review. Among 191 Interactive Media companies, NetEase ranks worse than 60.73% on this metric.
As of today (2026-07-15), NetEase's current share price is R$65.09. NetEase's E10 for the quarter that ended in Mar. 2026 was R$2.28. NetEase's Shiller PE Ratio for today is 28.55.
The historical rank and industry rank for NetEase's Shiller PE Ratio or its related term are showing as below:
BSP:NETE34'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.3 Med: 35.07 Max: 63.83
Current: 28.2
During the past years, NetEase's highest Shiller PE Ratio was 63.83. The lowest was 20.30. And the median was 35.07.
BSP:NETE34's Shiller PE Ratio is ranked worse than 60.73% of 191
companies
in the Interactive Media industry
Industry Median: 19.53
vs BSP:NETE34: 28.20
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.
NetEase's adjusted earnings per share data for the three months ended in Mar. 2026 was R$1.256. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$2.28 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
NetEase (BSP:NETE34) 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.
NetEase Shiller PE Ratio Related Terms
NetEase Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for NetEase'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.
BSP:NETE34 vs EA, TTWO, RBLX: Shiller PE Ratio Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Shiller PE Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase'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.
NetEase's E10 for the quarter that ended in Mar. 2026 is calculated as:
For example, NetEase's adjusted earnings per share data for the three months ended in Mar. 2026 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.
NetEase (BSP:NETE34) has a Shiller PE Ratio of 28.55 as of Jul. 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 NetEase and its competitors. This is 19% below median its historical median of 35.07. Over the past decade, NetEase's Shiller PE Ratio has ranged from 20.30 to 63.83. According to the industry distribution chart, NetEase ranks #116 out of 191 companies in the Interactive Media industry, placing it in the top 60.7%.
Is NetEase's Shiller PE Ratio too high?
NetEase's current Shiller PE Ratio of 28.55 is 19% below median its 10-year median of 35.07. Over the past 10 years, this metric has ranged from a low of 20.30 to a high of 63.83. The Interactive Media industry median Shiller PE Ratio is 19.53. NetEase's value of 28.55 is 46.2% above this industry median. Based on the distribution chart, NetEase ranks #116 out of 191 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NetEase has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Shiller PE Ratio compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #116 out of 191 companies for Shiller PE Ratio. This places NetEase in the lower half of its industry. The industry median Shiller PE Ratio is 19.53. NetEase's value of 28.55 is 46.2% above this benchmark. Historically, NetEase's own Shiller PE Ratio has ranged from 20.30 to 63.83 over the past decade. While the company's 10-year median is 35.07 vs. the industry median of 19.53, NetEase 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 an Interactive Media company?
The median Shiller PE Ratio among Interactive Media companies is 19.53, based on 191 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. NetEase's current Shiller PE Ratio of 28.55 is 46.2% 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 NetEase and its competitors. For the Interactive Media industry, the median Shiller PE Ratio is 19.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Shiller PE Ratio is 28.55, which is 19% below median its own 10-year median of 35.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (BSP:NETE34) is currently considered Fairly Valued. The stock's GF Value™ is R$61.35, compared to a current price of R$65.09 — trading 6.1% above its estimated fair value. The current Shiller PE Ratio is 28.55, which is 19% below median its 10-year median of 35.07 and 46.2% above the Interactive Media industry median of 19.53. NetEase's overall GF Score™ is 93/100 with 1 warning sign 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 NetEase (BSP:NETE34), the current Shiller PE Ratio is 28.55 as of Jul. 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 NetEase (BSP:NETE34) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be overvalued.
The current stock price of R$65.09 is trading 6.1% above its estimated GF Value™ of R$61.35.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for BSP:NETE34:
Shiller PE Ratio: 28.55 (19% below median its 10-year median of 35.07)
GF Value™: R$61.35 vs. price of R$65.09 (6.1% above fair value)
Industry Position: 46.2% above the Interactive Media median (#116 of 191)
No single metric tells the full story. See the BSP:NETE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
93GF Score
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