Imperial Oil (HAM:IMP) Shiller PE Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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HAM:IMP Imperial Oil Ltd HAM:IMP
73 GF Score
Price €113.30
GF Value €77.57
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Imperial Oil Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Oil  (HAM:IMP) 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.


Imperial Oil Shiller PE Ratio Related Terms


Imperial Oil Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Imperial Oil'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.

Imperial Oil Shiller PE Ratio Chart

Imperial Oil 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 18.23 19.12 18.66 19.86 21.68

Imperial Oil 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 20.42 22.87 21.47 31.69 25.29

HAM:IMP vs XOM, CVX: Shiller PE Ratio Comparison

For the Oil & Gas Integrated subindustry, Imperial Oil'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.


Imperial Oil Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Oil's Shiller PE Ratio distribution charts can be found below:

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


HAM:IMP
73GF Score
Imperial Oil Ltd HAM:IMP
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Oil 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.

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

For example, Imperial Oil'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)
=2.8059/133.5265*133.5265
=2.806

Current CPI (Jun. 2026) = 133.5265.

Imperial Oil Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.811 101.765 1.064
201612 1.182 101.449 1.555
201703 0.277 102.634 0.360
201706 -0.062 103.029 -0.080
201709 0.298 103.345 0.385
201712 -0.107 103.345 -0.138
201803 0.399 105.004 0.507
201806 0.156 105.557 0.197
201809 0.615 105.636 0.778
201812 0.717 105.399 0.908
201903 0.249 106.979 0.311
201906 1.047 107.690 1.298
201909 0.380 107.611 0.471
201912 0.246 107.769 0.305
202003 -0.172 107.927 -0.212
202006 -0.469 108.401 -0.578
202009 0.003 108.164 0.003
202012 -1.005 108.559 -1.236
202103 0.349 110.298 0.423
202106 0.341 111.720 0.407
202109 0.871 112.905 1.030
202112 0.814 113.774 0.956
202203 1.229 117.646 1.394
202206 2.666 120.806 2.947
202209 2.463 120.648 2.726
202212 2.086 120.964 2.303
202303 1.469 122.702 1.599
202306 0.789 124.203 0.848
202309 1.895 125.230 2.020
202312 1.672 125.072 1.785
202403 1.521 126.258 1.608
202406 1.433 127.522 1.500
202409 1.552 127.285 1.628
202412 1.590 127.364 1.667
202503 1.672 129.181 1.728
202506 1.185 129.892 1.218
202509 0.663 130.287 0.680
202512 0.596 130.366 0.611
202603 1.208 132.262 1.220
202606 2.806 133.527 2.806

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 Imperial Oil (HAM:IMP) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued. The current stock price of €113.30 is trading 46.1% above its estimated GF Value™ of €77.57. GuruFocus considers Imperial Oil to be Significantly Overvalued.

Key valuation signals for HAM:IMP:

  • Shiller PE Ratio:
  • GF Value™: €77.57 vs. price of €113.30 (46.1% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Imperial Oil Business Description

Industry EnergyOil & Gas
Address 505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
73GF Score

Get the complete analysis for HAM:IMP

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

€113.30
Price
€77.57
GF Value