EMLAF (Empire Co) Shiller PE Ratio: 20.87 (As of Sep. 03, 2026) — 55% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

EMLAF Empire Co Ltd EMLAF
79 GF Score
Price $34.01
GF Value $34.55
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Empire Co Shiller PE Ratio?

Empire Co EMLAF -2.49% 79 Shiller PE Ratio is 20.87 as of Sep. 03, 2026, which is 55% below its 10-year median of 46.74. GuruFocus rates EMLAF with a GF Score™ of 79/100 and a GF Value™ of $34.55 (Fairly Valued). The stock has 2 warning signs investors should review. Among 191 Retail - Defensive companies, Empire Co ranks worse than 62.3% on this metric.

As of today (2026-09-03), Empire Co's current share price is $34.01. Empire Co's E10 for the quarter that ended in Apr. 2026 was $1.63. Empire Co's Shiller PE Ratio for today is 20.87.

The historical rank and industry rank for Empire Co's Shiller PE Ratio or its related term are showing as below:

EMLAF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 21.06   Med: 46.74   Max: 71.35
Current: 21.26

During the past years, Empire Co's highest Shiller PE Ratio was 71.35. The lowest was 21.06. And the median was 46.74.

EMLAF's Shiller PE Ratio is ranked worse than
62.3% of 191 companies
in the Retail - Defensive industry
Industry Median: 17.96 vs EMLAF: 21.26

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.

Empire Co's adjusted earnings per share data for the three months ended in Apr. 2026 was $0.669. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.63 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empire Co  (OTCPK:EMLAF) 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.


Empire Co Shiller PE Ratio Related Terms


Empire Co Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Empire Co'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.

Empire Co Shiller PE Ratio Chart

Empire Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.61 45.54 33.75 48.00 21.00

Empire Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 48.00 49.40 41.21 27.11 21.00

EMLAF vs KR, SFM, ACI: Shiller PE Ratio Comparison

For the Grocery Stores subindustry, Empire Co'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.


Empire Co Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Empire Co's Shiller PE Ratio falls into.


EMLAF
79GF Score
Empire Co Ltd EMLAF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Empire Co 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.

Empire Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=34.01/1.63
=20.87

* 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.

Empire Co's E10 for the quarter that ended in Apr. 2026 is calculated as:

For example, Empire Co's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.669/132.7364*132.7364
=0.669

Current CPI (Apr. 2026) = 132.7364.

Empire Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201607 0.184 101.844 0.240
201610 0.091 102.002 0.118
201701 0.083 102.318 0.108
201704 0.074 103.029 0.095
201707 0.158 103.029 0.204
201710 -0.071 103.424 -0.091
201801 0.169 104.056 0.216
201804 0.204 105.320 0.257
201807 0.267 106.110 0.334
201810 0.292 105.952 0.366
201901 0.180 105.557 0.226
201904 0.329 107.453 0.406
201907 0.366 108.243 0.449
201910 0.432 107.927 0.531
202001 0.344 108.085 0.422
202004 0.470 107.216 0.582
202007 0.526 108.401 0.644
202010 0.454 108.638 0.555
202101 0.519 109.192 0.631
202104 0.512 110.851 0.613
202107 0.559 112.431 0.660
202110 0.531 113.695 0.620
202201 0.610 114.801 0.705
202204 0.531 118.357 0.596
202207 0.549 120.964 0.602
202210 0.533 121.517 0.582
202301 0.365 121.596 0.398
202304 0.527 123.571 0.566
202307 0.780 124.914 0.829
202310 0.525 125.310 0.556
202401 0.402 125.072 0.427
202404 0.446 126.890 0.467
202407 0.627 128.075 0.650
202410 0.531 127.838 0.551
202501 0.431 127.443 0.449
202504 0.529 129.102 0.544
202507 0.665 130.290 0.677
202510 0.493 130.603 0.501
202601 -1.220 130.366 -1.242
202604 0.669 132.736 0.669

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.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 20.87 mean?
Empire Co (EMLAF) has a Shiller PE Ratio of 20.87 as of Sep. 03, 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 Empire Co and its competitors. This is 55% below median its historical median of 46.74. Over the past decade, Empire Co's Shiller PE Ratio has ranged from 21.06 to 71.35. According to the industry distribution chart, Empire Co ranks #119 out of 191 companies in the Retail - Defensive industry, placing it in the top 62.3%.
Is Empire Co's Shiller PE Ratio too high?
Empire Co's current Shiller PE Ratio of 20.87 is 55% below median its 10-year median of 46.74. Over the past 10 years, this metric has ranged from a low of 21.06 to a high of 71.35. The Retail - Defensive industry median Shiller PE Ratio is 17.96. Empire Co's value of 20.87 is 16.2% above this industry median. Based on the distribution chart, Empire Co ranks #119 out of 191 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Empire Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Shiller PE Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Empire Co ranks #119 out of 191 companies for Shiller PE Ratio. This places Empire Co in the lower half of its industry. The industry median Shiller PE Ratio is 17.96. Empire Co's value of 20.87 is 16.2% above this benchmark. Historically, Empire Co's own Shiller PE Ratio has ranged from 21.06 to 71.35 over the past decade. While the company's 10-year median is 46.74 vs. the industry median of 17.96, Empire Co 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 Retail - Defensive company?
The median Shiller PE Ratio among Retail - Defensive companies is 17.96, 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. Empire Co's current Shiller PE Ratio of 20.87 is 16.2% 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 Empire Co and its competitors. For the Retail - Defensive industry, the median Shiller PE Ratio is 17.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Co's current Shiller PE Ratio is 20.87, which is 55% below median its own 10-year median of 46.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Based on GuruFocus' analysis, Empire Co (EMLAF) is currently considered Fairly Valued. The stock's GF Value™ is $34.55, compared to a current price of $34.01 — trading 1.6% below its estimated fair value. The current Shiller PE Ratio is 20.87, which is 55% below median its 10-year median of 46.74 and 16.2% above the Retail - Defensive industry median of 17.96. Empire Co's overall GF Score™ is 79/100 with 2 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 Empire Co (EMLAF), the current Shiller PE Ratio is 20.87 as of Sep. 03, 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 Empire Co (EMLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Co stock appears to be undervalued. The current stock price of $34.01 is trading 1.6% below its estimated GF Value™ of $34.55. GuruFocus considers Empire Co to be Fairly Valued.

Key valuation signals for EMLAF:

  • Shiller PE Ratio: 20.87 (55% below median its 10-year median of 46.74)
  • GF Value™: $34.55 vs. price of $34.01 (1.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 16.2% above the Retail - Defensive median (#119 of 191)

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


Empire Co Business Description

Other Exchanges C15:GermanyEMP.A:Canada
Address 115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
79GF Score

Get the complete analysis for EMLAF

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

$34.01
Price
$34.55
GF Value