ESLT (Elbit Systems) Shiller PE Ratio: 91.53 (As of Sep. 12, 2026) — 158% Above 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.

ESLT Elbit Systems Ltd ESLT
77 GF Score
Price $728.61
GF Value $438.18
Valuation Significantly Overvalued
View Full Analysis

What is Elbit Systems Shiller PE Ratio?

Elbit Systems ESLT +0.45% 77 Shiller PE Ratio is 91.53 as of Sep. 12, 2026, which is 158% above its 10-year median of 35.47. GuruFocus rates ESLT with a GF Score™ of 77/100 and a GF Value™ of $438.18 (Significantly Overvalued). Among 162 Aerospace & Defense companies, Elbit Systems ranks worse than 75.31% on this metric.

As of today (2026-09-12), Elbit Systems's current share price is $728.61. Elbit Systems's E10 for the quarter that ended in Jun. 2026 was $7.96. Elbit Systems's Shiller PE Ratio for today is 91.53.

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

ESLT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 25.54   Med: 35.47   Max: 131.35
Current: 94.08

During the past years, Elbit Systems's highest Shiller PE Ratio was 131.35. The lowest was 25.54. And the median was 35.47.

ESLT's Shiller PE Ratio is ranked worse than
75.31% of 162 companies
in the Aerospace & Defense industry
Industry Median: 57.41 vs ESLT: 94.08

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.

Elbit Systems's adjusted earnings per share data for the three months ended in Jun. 2026 was $3.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elbit Systems  (NAS:ESLT) 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.


Elbit Systems Shiller PE Ratio Related Terms


Elbit Systems Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Elbit Systems'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.

Elbit Systems Shiller PE Ratio Chart

Elbit Systems 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 31.63 30.99 41.14 47.78 83.54

Elbit Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 71.15 77.75 83.54 115.18 95.30

ESLT vs SPCX, GE, RTX: Shiller PE Ratio Comparison

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems Shiller PE Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Elbit Systems's Shiller PE Ratio falls into.


ESLT
77GF Score
Elbit Systems Ltd ESLT
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elbit Systems 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.

Elbit Systems's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=728.61/7.96
=91.53

* 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.

Elbit Systems's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Elbit Systems's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.61/333.9520*333.9520
=3.610

Current CPI (Jun. 2026) = 333.9520.

Elbit Systems Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.480 241.428 2.047
201612 1.570 241.432 2.172
201703 1.070 243.801 1.466
201706 1.460 244.955 1.990
201709 1.440 246.819 1.948
201712 1.620 246.524 2.195
201803 1.160 249.554 1.552
201806 2.150 251.989 2.849
201809 1.500 252.439 1.984
201812 0.030 251.233 0.040
201903 1.180 254.202 1.550
201906 1.220 256.143 1.591
201909 1.630 256.759 2.120
201912 1.160 256.974 1.507
202003 1.440 258.115 1.863
202006 2.020 257.797 2.617
202009 0.380 260.280 0.488
202012 1.530 260.474 1.962
202103 1.640 264.877 2.068
202106 2.300 271.696 2.827
202109 2.080 274.310 2.532
202112 0.180 278.802 0.216
202203 1.190 287.504 1.382
202206 1.820 296.311 2.051
202209 1.260 296.808 1.418
202212 1.910 296.797 2.149
202303 1.400 301.836 1.549
202306 1.400 305.109 1.532
202309 1.360 307.789 1.476
202312 0.670 306.746 0.729
202403 1.650 312.332 1.764
202406 1.760 314.175 1.871
202409 1.770 315.301 1.875
202412 2.000 315.605 2.116
202503 2.350 319.799 2.454
202506 2.690 322.561 2.785
202509 2.800 324.800 2.879
202512 3.520 324.054 3.628
202603 3.340 330.213 3.378
202606 3.610 333.952 3.610

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 91.53 mean?
Elbit Systems (ESLT) has a Shiller PE Ratio of 91.53 as of Sep. 12, 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 Elbit Systems and its competitors. This is 158% above median its historical median of 35.47. Over the past decade, Elbit Systems' Shiller PE Ratio has ranged from 25.54 to 131.35. According to the industry distribution chart, Elbit Systems ranks #122 out of 162 companies in the Aerospace & Defense industry, placing it in the top 75.3%.
Is Elbit Systems' Shiller PE Ratio too high?
Elbit Systems' current Shiller PE Ratio of 91.53 is 158% above median its 10-year median of 35.47. Over the past 10 years, this metric has ranged from a low of 25.54 to a high of 131.35. The Aerospace & Defense industry median Shiller PE Ratio is 57.41. Elbit Systems' value of 91.53 is 59.4% above this industry median. Based on the distribution chart, Elbit Systems ranks #122 out of 162 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Elbit Systems has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' Shiller PE Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Elbit Systems ranks #122 out of 162 companies for Shiller PE Ratio. This places Elbit Systems in the lower half of its industry. The industry median Shiller PE Ratio is 57.41. Elbit Systems' value of 91.53 is 59.4% above this benchmark. Historically, Elbit Systems' own Shiller PE Ratio has ranged from 25.54 to 131.35 over the past decade. While the company's 10-year median is 35.47 vs. the industry median of 57.41, Elbit Systems 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 Aerospace & Defense company?
The median Shiller PE Ratio among Aerospace & Defense companies is 57.41, based on 162 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. Elbit Systems's current Shiller PE Ratio of 91.53 is 59.4% 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 Elbit Systems and its competitors. For the Aerospace & Defense industry, the median Shiller PE Ratio is 57.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elbit Systems's current Shiller PE Ratio is 91.53, which is 158% above median its own 10-year median of 35.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (ESLT) is currently considered Significantly Overvalued. The stock's GF Value™ is $438.18, compared to a current price of $728.61 — trading 66.3% above its estimated fair value. The current Shiller PE Ratio is 91.53, which is 158% above median its 10-year median of 35.47 and 59.4% above the Aerospace & Defense industry median of 57.41. Elbit Systems' overall GF Score™ is 77/100. 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 Elbit Systems (ESLT), the current Shiller PE Ratio is 91.53 as of Sep. 12, 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 Elbit Systems (ESLT) Overvalued in 2026?

Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued. The current stock price of $728.61 is trading 66.3% above its estimated GF Value™ of $438.18. GuruFocus considers Elbit Systems to be Significantly Overvalued.

Key valuation signals for ESLT:

  • Shiller PE Ratio: 91.53 (158% above median its 10-year median of 35.47)
  • GF Value™: $438.18 vs. price of $728.61 (66.3% above fair value)
  • GF Score™: 77/100
  • Industry Position: 59.4% above the Aerospace & Defense median (#122 of 162)

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


Elbit Systems Business Description

Other Exchanges ESLT:IsraelEB2:Germany
Address Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
77GF Score

Get the complete analysis for ESLT

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

$728.61
Price
$438.18
GF Value