Gap (GAP) Shiller PE Ratio: (As of Sep. 22, 2026)

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GAP Gap Inc GAP
73 GF Score
Price $21.55
GF Value $22.92
Valuation Fairly Valued
! 3 Warning Signs
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What is Gap Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gap  (NYSE:GAP) 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.


Gap Shiller PE Ratio Related Terms


Gap Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Gap'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.

Gap Shiller PE Ratio Chart

Gap Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.37 8.01 12.31 17.28 20.99

Gap Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 14.17 16.81 21.01 17.45 13.31

GAP vs VSXY, URBN, ANF: Shiller PE Ratio Comparison

For the Apparel Retail subindustry, Gap'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.


Gap Shiller PE Ratio vs Retail - Cyclical Industry

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

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


GAP
73GF Score
Gap Inc GAP
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gap 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.

Gap's E10 for the quarter that ended in Jul. 2026 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=1.384/333.9180*333.9180
=1.384

Current CPI (Jul. 2026) = 333.9180.

Gap Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201610 0.510 241.729 0.705
201701 0.550 242.839 0.756
201704 0.360 244.524 0.492
201707 0.680 244.786 0.928
201710 0.580 246.663 0.785
201801 0.520 247.867 0.701
201804 0.420 250.546 0.560
201807 0.760 252.006 1.007
201810 0.687 252.885 0.908
201901 0.721 251.712 0.956
201904 0.596 255.548 0.779
201907 0.443 256.571 0.577
201910 0.372 257.346 0.483
202001 -0.493 257.971 -0.639
202004 -2.505 256.389 -3.263
202007 -0.166 259.101 -0.214
202010 0.250 260.388 0.321
202101 0.613 261.582 0.782
202104 0.431 267.054 0.539
202107 0.668 273.003 0.818
202110 -0.404 276.589 -0.488
202201 -0.043 281.148 -0.051
202204 -0.438 289.109 -0.506
202207 -0.134 296.276 -0.150
202210 0.771 298.012 0.863
202301 -0.746 299.170 -0.833
202304 -0.049 303.363 -0.054
202307 0.315 305.691 0.345
202310 0.581 307.671 0.631
202401 0.486 308.417 0.526
202404 0.413 313.548 0.439
202407 0.538 314.540 0.571
202410 0.715 315.664 0.757
202501 0.537 317.671 0.564
202504 0.505 320.795 0.526
202507 0.570 323.048 0.589
202510 0.621 0.000
202601 0.445 325.252 0.457
202604 0.897 333.020 0.899
202607 1.384 333.918 1.384

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 Gap (GAP) Overvalued in 2026?

Based on GuruFocus' analysis, Gap stock appears to be undervalued. The current stock price of $21.55 is trading 6% below its estimated GF Value™ of $22.92. GuruFocus considers Gap to be Fairly Valued.

Key valuation signals for GAP:

  • Shiller PE Ratio:
  • GF Value™: $22.92 vs. price of $21.55 (6% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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


Gap Business Description

Address Two Folsom Street, San Francisco, CA, USA, 94105
Gap retails apparel, accessories, footwear, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
73GF Score

Get the complete analysis for GAP

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

$21.55
Price
$22.92
GF Value