KEY (KeyCorp) Shiller PE Ratio: 13.13 (As of Sep. 02, 2026) — Near Median

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KEY KeyCorp KEY
64 GF Score
Price $21.80
GF Value $22.43
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is KeyCorp Shiller PE Ratio?

KeyCorp KEY +2.78% 64 Shiller PE Ratio is 13.13 as of Sep. 02, 2026, which is 4% below its 10-year median of 13.64. GuruFocus rates KEY with a GF Score™ of 64/100 and a GF Value™ of $22.43 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,239 Banks companies, KeyCorp ranks better than 56.82% on this metric.

As of today (2026-09-02), KeyCorp's current share price is $21.80. KeyCorp's E10 for the quarter that ended in Jun. 2026 was $1.66. KeyCorp's Shiller PE Ratio for today is 13.13.

The historical rank and industry rank for KeyCorp's Shiller PE Ratio or its related term are showing as below:

KEY' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.42   Med: 13.64   Max: 513.5
Current: 13.13

During the past years, KeyCorp's highest Shiller PE Ratio was 513.50. The lowest was 5.42. And the median was 13.64.

KEY's Shiller PE Ratio is ranked better than
56.82% of 1239 companies
in the Banks industry
Industry Median: 13.66 vs KEY: 13.13

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.

KeyCorp's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KeyCorp  (NYSE:KEY) 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.


KeyCorp Shiller PE Ratio Related Terms


KeyCorp Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for KeyCorp'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.

KeyCorp Shiller PE Ratio Chart

KeyCorp 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 15.90 10.69 8.75 11.19 13.04

KeyCorp 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 11.16 11.84 13.04 12.33 13.91

KEY vs FCNCA, RF, EWBC: Shiller PE Ratio Comparison

For the Banks - Regional subindustry, KeyCorp'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.


KeyCorp Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, KeyCorp's Shiller PE Ratio distribution charts can be found below:

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


KEY
64GF Score
KeyCorp KEY
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KeyCorp 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.

KeyCorp's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=21.80/1.66
=13.13

* 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.

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

For example, KeyCorp'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)
=0.44/333.9520*333.9520
=0.440

Current CPI (Jun. 2026) = 333.9520.

KeyCorp Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.170 241.428 0.235
201612 0.190 241.432 0.263
201703 0.270 243.801 0.370
201706 0.360 244.955 0.491
201709 0.320 246.819 0.433
201712 0.170 246.524 0.230
201803 0.380 249.554 0.509
201806 0.440 251.989 0.583
201809 0.450 252.439 0.595
201812 0.450 251.233 0.598
201903 0.380 254.202 0.499
201906 0.400 256.143 0.522
201909 0.390 256.759 0.507
201912 0.450 256.974 0.585
202003 0.120 258.115 0.155
202006 0.170 257.797 0.220
202009 0.410 260.280 0.526
202012 0.570 260.474 0.731
202103 0.610 264.877 0.769
202106 0.730 271.696 0.897
202109 0.650 274.310 0.791
202112 0.640 278.802 0.767
202203 0.450 287.504 0.523
202206 0.540 296.311 0.609
202209 0.550 296.808 0.619
202212 0.380 296.797 0.428
202303 0.300 301.836 0.332
202306 0.270 305.109 0.296
202309 0.290 307.789 0.315
202312 0.030 306.746 0.033
202403 0.200 312.332 0.214
202406 0.250 314.175 0.266
202409 -0.470 315.301 -0.498
202412 -0.280 315.605 -0.296
202503 0.330 319.799 0.345
202506 0.350 322.561 0.362
202509 0.410 324.800 0.422
202512 0.430 324.054 0.443
202603 0.440 330.213 0.445
202606 0.440 333.952 0.440

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.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 13.13 mean?
KeyCorp (KEY) has a Shiller PE Ratio of 13.13 as of Sep. 02, 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 KeyCorp and its competitors. This is near median its historical median of 13.64. Over the past decade, KeyCorp's Shiller PE Ratio has ranged from 5.42 to 513.50. According to the industry distribution chart, KeyCorp ranks #535 out of 1239 companies in the Banks industry, placing it in the top 43.2%.
Is KeyCorp's Shiller PE Ratio too high?
KeyCorp's current Shiller PE Ratio of 13.13 is near median its 10-year median of 13.64. Over the past 10 years, this metric has ranged from a low of 5.42 to a high of 513.50. The Banks industry median Shiller PE Ratio is 13.66. KeyCorp's value of 13.13 is 3.9% below this industry median. Based on the distribution chart, KeyCorp ranks #535 out of 1239 companies in the Banks industry, which is above the industry midpoint. Overall, KeyCorp has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KeyCorp's Shiller PE Ratio compare to FCNCA and RF?
According to the Banks industry distribution chart, KeyCorp ranks #535 out of 1239 companies for Shiller PE Ratio. This puts KeyCorp in the upper half of its industry. The industry median Shiller PE Ratio is 13.66. KeyCorp's value of 13.13 is 3.9% below this benchmark. Historically, KeyCorp's own Shiller PE Ratio has ranged from 5.42 to 513.50 over the past decade. While the company's 10-year median is 13.64 vs. the industry median of 13.66, KeyCorp has consistently been below 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 Banks company?
The median Shiller PE Ratio among Banks companies is 13.66, based on 1,239 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. KeyCorp's current Shiller PE Ratio of 13.13 is 3.9% below 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 KeyCorp and its competitors. For the Banks industry, the median Shiller PE Ratio is 13.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KeyCorp's current Shiller PE Ratio is 13.13, which is near median its own 10-year median of 13.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeyCorp stock overvalued right now?
Based on GuruFocus' analysis, KeyCorp (KEY) is currently considered Fairly Valued. The stock's GF Value™ is $22.43, compared to a current price of $21.80 — trading 2.8% below its estimated fair value. The current Shiller PE Ratio is 13.13, which is near median its 10-year median of 13.64 and 3.9% below the Banks industry median of 13.66. KeyCorp's overall GF Score™ is 64/100 with 4 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 KeyCorp (KEY), the current Shiller PE Ratio is 13.13 as of Sep. 02, 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 KeyCorp (KEY) Overvalued in 2026?

Based on GuruFocus' analysis, KeyCorp stock appears to be undervalued. The current stock price of $21.80 is trading 2.8% below its estimated GF Value™ of $22.43. GuruFocus considers KeyCorp to be Fairly Valued.

Key valuation signals for KEY:

  • Shiller PE Ratio: 13.13 (near median its 10-year median of 13.64)
  • GF Value™: $22.43 vs. price of $21.80 (2.8% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 3.9% below the Banks median (#535 of 1239)

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


KeyCorp Business Description

Address 127 Public Square, Cleveland, OH, USA, 44114-1306
With assets of around $190 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its three largest markets: Ohio, New York, and Washington. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
64GF Score

Get the complete analysis for KEY

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

$21.80
Price
$22.43
GF Value