Canon (FRA:CNN1) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:CNN1 Canon Inc FRA:CNN1
86 GF Score
Price €24.75
GF Value €27.57
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Canon Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon  (FRA:CNN1) 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.


Canon Shiller PE Ratio Related Terms


Canon Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Canon'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.

Canon Shiller PE Ratio Chart

Canon 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 14.43 13.49 14.92 20.55 15.62

Canon 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 15.88 15.98 15.66 14.85 13.61

FRA:CNN1 vs DELL, ANET, SNDK: Shiller PE Ratio Comparison

For the Computer Hardware subindustry, Canon'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.


Canon Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Canon's Shiller PE Ratio distribution charts can be found below:

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


FRA:CNN1
86GF Score
Canon Inc FRA:CNN1
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canon 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.

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

For example, Canon'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)
=0.7675/113.6000*113.6000
=0.768

Current CPI (Jun. 2026) = 113.6000.

Canon Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.196 98.000 0.227
201612 0.348 98.400 0.402
201703 0.417 98.100 0.483
201706 0.519 98.500 0.599
201709 0.448 98.800 0.515
201712 0.381 99.400 0.435
201803 0.397 99.200 0.455
201806 0.553 99.200 0.634
201809 0.331 99.900 0.376
201812 0.516 99.700 0.588
201903 0.232 99.700 0.264
201906 0.261 99.800 0.297
201909 0.209 100.100 0.237
201912 0.169 100.500 0.191
202003 0.172 100.300 0.195
202006 -0.071 99.900 -0.081
202009 0.128 99.900 0.146
202012 0.410 99.300 0.469
202103 0.333 99.900 0.378
202106 0.444 99.500 0.506
202109 0.363 100.100 0.412
202112 0.440 100.100 0.499
202203 0.337 101.100 0.379
202206 0.412 101.800 0.459
202209 0.380 103.100 0.418
202212 0.575 104.100 0.628
202303 0.391 104.400 0.425
202306 0.433 105.200 0.468
202309 0.398 106.200 0.426
202312 0.510 106.800 0.543
202403 0.377 107.200 0.399
202406 0.547 108.200 0.575
202409 0.439 108.900 0.458
202412 -0.382 110.700 -0.391
202503 0.481 111.100 0.492
202506 0.561 111.700 0.570
202509 0.417 112.000 0.423
202512 0.705 113.000 0.709
202603 0.301 112.700 0.303
202606 0.768 113.600 0.768

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.

Is Canon (FRA:CNN1) Overvalued in 2026?

Based on GuruFocus' analysis, Canon stock appears to be undervalued. The current stock price of €24.75 is trading 10.2% below its estimated GF Value™ of €27.57. GuruFocus considers Canon to be Modestly Undervalued.

Key valuation signals for FRA:CNN1:

  • Shiller PE Ratio:
  • GF Value™: €27.57 vs. price of €24.75 (10.2% below fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the FRA:CNN1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canon Business Description

Address 30-2, Shimomaruko 3-Chome, Ota-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates five business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.
86GF Score

Get the complete analysis for FRA:CNN1

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

€24.75
Price
€27.57
GF Value