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Heartland ExpressHTLD -0.46%60 Shiller PE Ratio is 20.32 as of Jul. 23, 2026, which is 4% above its 10-year median of 19.62. GuruFocus rates HTLD with a GF Score™ of 60/100 and a GF Value™ of $7.98 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 597 Transportation companies, Heartland Express ranks worse than 56.95% on this metric.
The historical rank and industry rank for Heartland Express's Shiller PE Ratio or its related term are showing as below:
HTLD'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.76 Med: 19.62 Max: 30.96
Current: 20.4
During the past years, Heartland Express's highest Shiller PE Ratio was 30.96. The lowest was 8.76. And the median was 19.62.
HTLD's Shiller PE Ratio is ranked worse than 56.95% of 597
companies
in the Transportation industry
Industry Median: 18.39
vs HTLD: 20.40
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.
Heartland Express's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.75 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Heartland Express (NAS:HTLD) 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.
Heartland Express Shiller PE Ratio Related Terms
Heartland Express Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Heartland Express'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.
HTLD vs CVLG, MRTN, ULH: Shiller PE Ratio Comparison
For the Trucking subindustry, Heartland Express'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.
Heartland Express Shiller PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Heartland Express's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Heartland Express's Shiller PE Ratio falls into.
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.
* 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.
Heartland Express's E10 for the quarter that ended in Mar. 2026 is calculated as:
For example, Heartland Express's adjusted earnings per share data for the three months ended in Mar. 2026 was:
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.
Heartland Express (HTLD) has a Shiller PE Ratio of 20.32 as of Jul. 23, 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 Heartland Express and its competitors. This is near median its historical median of 19.62. Over the past decade, Heartland Express' Shiller PE Ratio has ranged from 8.76 to 30.96. According to the industry distribution chart, Heartland Express ranks #340 out of 597 companies in the Transportation industry, placing it in the top 57%.
Is Heartland Express' Shiller PE Ratio too high?
Heartland Express' current Shiller PE Ratio of 20.32 is near median its 10-year median of 19.62. Over the past 10 years, this metric has ranged from a low of 8.76 to a high of 30.96. The Transportation industry median Shiller PE Ratio is 18.39. Heartland Express' value of 20.32 is 10.5% above this industry median. Based on the distribution chart, Heartland Express ranks #340 out of 597 companies in the Transportation industry, which is below the industry midpoint. Overall, Heartland Express has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Express' Shiller PE Ratio compare to CVLG and MRTN?
According to the Transportation industry distribution chart, Heartland Express ranks #340 out of 597 companies for Shiller PE Ratio. This places Heartland Express in the lower half of its industry. The industry median Shiller PE Ratio is 18.39. Heartland Express' value of 20.32 is 10.5% above this benchmark. Historically, Heartland Express' own Shiller PE Ratio has ranged from 8.76 to 30.96 over the past decade. While the company's 10-year median is 19.62 vs. the industry median of 18.39, Heartland Express 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 Transportation company?
The median Shiller PE Ratio among Transportation companies is 18.39, based on 597 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. Heartland Express's current Shiller PE Ratio of 20.32 is 10.5% 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 Heartland Express and its competitors. For the Transportation industry, the median Shiller PE Ratio is 18.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Express's current Shiller PE Ratio is 20.32, which is near median its own 10-year median of 19.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Express stock overvalued right now?
Based on GuruFocus' analysis, Heartland Express (HTLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.98, compared to a current price of $15.24 — trading 91% above its estimated fair value. The current Shiller PE Ratio is 20.32, which is near median its 10-year median of 19.62 and 10.5% above the Transportation industry median of 18.39. Heartland Express' overall GF Score™ is 60/100 with 6 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 Heartland Express (HTLD), the current Shiller PE Ratio is 20.32 as of Jul. 23, 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 Heartland Express (HTLD) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Express stock appears to be overvalued.
The current stock price of $15.24 is trading 91% above its estimated GF Value™ of $7.98.
GuruFocus considers Heartland Express to be Significantly Overvalued.
Key valuation signals for HTLD:
Shiller PE Ratio: 20.32 (near median its 10-year median of 19.62)
GF Value™: $7.98 vs. price of $15.24 (91% above fair value)
Industry Position: 10.5% above the Transportation median (#340 of 597)
No single metric tells the full story. See the HTLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
60GF Score
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