Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Argent IndustrialJSE:ART -1.00%74 Shiller PE Ratio is 14.40 as of Sep. 03, 2026, which is 18% below its 10-year median of 17.60. GuruFocus rates JSE:ART with a GF Score™ of 74/100 and a GF Value™ of R30.20 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 411 Steel companies, Argent Industrial ranks worse than 51.58% on this metric.
The historical rank and industry rank for Argent Industrial's Shiller PE Ratio or its related term are showing as below:
JSE:ART'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.03 Med: 17.6 Max: 50.42
Current: 14.77
During the past 13 years, Argent Industrial's highest Shiller PE Ratio was 50.42. The lowest was 4.03. And the median was 17.60.
JSE:ART's Shiller PE Ratio is ranked worse than 51.58% of 411
companies
in the Steel industry
Industry Median: 14.28
vs JSE:ART: 14.77
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.
Argent Industrial's adjusted earnings per share data of for the fiscal year that ended in Mar26 was R5.431. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R2.76 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Argent Industrial (JSE:ART) 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.
Argent Industrial Shiller PE Ratio Related Terms
Argent Industrial Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Argent Industrial'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.
JSE:ART vs NUE, STLD, RS: Shiller PE Ratio Comparison
For the Steel subindustry, Argent Industrial'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.
Argent Industrial Shiller PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Argent Industrial'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.
Argent Industrial's E10 for the fiscal year that ended in Mar26 is calculated as:
For example, Argent Industrial's adjusted earnings per share data for the fiscal year that ended in Mar26 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.
Argent Industrial (JSE:ART) has a Shiller PE Ratio of 14.40 as of Sep. 03, 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 Argent Industrial and its competitors. This is 18% below median its historical median of 17.60. Over the past decade, Argent Industrial's Shiller PE Ratio has ranged from 4.03 to 50.42. According to the industry distribution chart, Argent Industrial ranks #212 out of 411 companies in the Steel industry, placing it in the top 51.6%.
Is Argent Industrial's Shiller PE Ratio too high?
Argent Industrial's current Shiller PE Ratio of 14.40 is 18% below median its 10-year median of 17.60. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 50.42. The Steel industry median Shiller PE Ratio is 14.28. Argent Industrial's value of 14.40 is 0.8% above this industry median. Based on the distribution chart, Argent Industrial ranks #212 out of 411 companies in the Steel industry, which is below the industry midpoint. Overall, Argent Industrial has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Shiller PE Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #212 out of 411 companies for Shiller PE Ratio. This places Argent Industrial in the lower half of its industry. The industry median Shiller PE Ratio is 14.28. Argent Industrial's value of 14.40 is 0.8% above this benchmark. Historically, Argent Industrial's own Shiller PE Ratio has ranged from 4.03 to 50.42 over the past decade. While the company's 10-year median is 17.60 vs. the industry median of 14.28, Argent Industrial 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 Steel company?
The median Shiller PE Ratio among Steel companies is 14.28, based on 411 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. Argent Industrial's current Shiller PE Ratio of 14.40 is 0.8% 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 Argent Industrial and its competitors. For the Steel industry, the median Shiller PE Ratio is 14.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Shiller PE Ratio is 14.40, which is 18% below median its own 10-year median of 17.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R30.20, compared to a current price of R39.75 — trading 31.6% above its estimated fair value. The current Shiller PE Ratio is 14.40, which is 18% below median its 10-year median of 17.60 and 0.8% above the Steel industry median of 14.28. Argent Industrial's overall GF Score™ is 74/100 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 Argent Industrial (JSE:ART), the current Shiller PE Ratio is 14.40 as of Sep. 03, 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R39.75 is trading 31.6% above its estimated GF Value™ of R30.20.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
Shiller PE Ratio: 14.40 (18% below median its 10-year median of 17.60)
GF Value™: R30.20 vs. price of R39.75 (31.6% above fair value)
Industry Position: 0.8% above the Steel median (#212 of 411)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
74GF Score
Get the complete analysis for JSE:ART
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:ART has been successfully added to your 
