ILMN (Illumina) Shiller PE Ratio: (As of Aug. 25, 2026)

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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.

ILMN Illumina Inc ILMN
71 GF Score
Price $223.22
GF Value $132.44
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Illumina Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Illumina  (NAS:ILMN) 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.


Illumina Shiller PE Ratio Related Terms


Illumina Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Illumina'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.

Illumina Shiller PE Ratio Chart

Illumina 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 89.04 133.12 199.08 0.00 0.00

Illumina 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 0.00 0.00 0.00 0.00 0.00

ILMN vs MTD, DGX, LH: Shiller PE Ratio Comparison

For the Diagnostics & Research subindustry, Illumina'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.


Illumina Shiller PE Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Illumina's Shiller PE Ratio distribution charts can be found below:

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


ILMN
71GF Score
Illumina Inc ILMN
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Illumina 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.

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

For example, Illumina'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)
=1.35/333.9520*333.9520
=1.350

Current CPI (Jun. 2026) = 333.9520.

Illumina Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.870 241.428 1.203
201612 0.840 241.432 1.162
201703 2.480 243.801 3.397
201706 0.870 244.955 1.186
201709 1.110 246.819 1.502
201712 0.460 246.524 0.623
201803 1.410 249.554 1.887
201806 1.410 251.989 1.869
201809 1.330 252.439 1.759
201812 1.410 251.233 1.874
201903 1.570 254.202 2.063
201906 1.990 256.143 2.595
201909 1.580 256.759 2.055
201912 1.610 256.974 2.092
202003 1.170 258.115 1.514
202006 0.320 257.797 0.415
202009 1.210 260.280 1.552
202012 1.750 260.474 2.244
202103 1.000 264.877 1.261
202106 1.260 271.696 1.549
202109 2.080 274.310 2.532
202112 0.710 278.802 0.850
202203 0.550 287.504 0.639
202206 -3.400 296.311 -3.832
202209 -24.260 296.808 -27.296
202212 -0.890 296.797 -1.001
202303 0.020 301.836 0.022
202306 -1.480 305.109 -1.620
202309 -4.770 307.789 -5.175
202312 -1.110 306.746 -1.208
202403 -0.790 312.332 -0.845
202406 -12.480 314.175 -13.266
202409 4.420 315.301 4.681
202412 1.170 315.605 1.238
202503 0.820 319.799 0.856
202506 1.490 322.561 1.543
202509 0.980 324.800 1.008
202512 2.160 324.054 2.226
202603 0.870 330.213 0.880
202606 1.350 333.952 1.350

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 Illumina (ILMN) Overvalued in 2026?

Based on GuruFocus' analysis, Illumina stock appears to be overvalued. The current stock price of $223.22 is trading 68.5% above its estimated GF Value™ of $132.44. GuruFocus considers Illumina to be Significantly Overvalued.

Key valuation signals for ILMN:

  • Shiller PE Ratio:
  • GF Value™: $132.44 vs. price of $223.22 (68.5% above fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Illumina Business Description

Address 5200 Illumina Way, San Diego, CA, USA, 92122
Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates over 90% of its revenue from sequencing instruments, consumables, and services. Illumina's high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays (9% of 2024 sales) that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.
71GF Score

Get the complete analysis for ILMN

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

$223.22
Price
$132.44
GF Value