UPL (LSE:UPLL) Shiller PE Ratio: 20.00 (As of Sep. 14, 2026) — 11% Below Median

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LSE:UPLL UPL Ltd LSE:UPLL
78 GF Score
Price $14.00
GF Value $15.63
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is UPL Shiller PE Ratio?

UPL LSE:UPLL 78 Shiller PE Ratio is 20.00 as of Sep. 14, 2026, which is 11% below its 10-year median of 22.49. GuruFocus rates LSE:UPLL with a GF Score™ of 78/100 and a GF Value™ of $15.63 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 160 Agriculture companies, UPL ranks worse than 65% on this metric.

As of today (2026-09-14), UPL's current share price is $14.00. UPL's E10 for the quarter that ended in Jun. 2026 was $0.70. UPL's Shiller PE Ratio for today is 20.00.

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

LSE:UPLL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.51   Med: 22.49   Max: 33.7
Current: 20.02

During the past years, UPL's highest Shiller PE Ratio was 33.70. The lowest was 13.51. And the median was 22.49.

LSE:UPLL's Shiller PE Ratio is ranked worse than
65% of 160 companies
in the Agriculture industry
Industry Median: 16.83 vs LSE:UPLL: 20.02

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.

UPL's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.003. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


UPL  (LSE:UPLL) 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.


UPL Shiller PE Ratio Related Terms


UPL Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for UPL'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.

UPL Shiller PE Ratio Chart

UPL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.33 22.14 15.44 23.31 19.73

UPL 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 24.65 23.72 28.68 19.73 19.96

LSE:UPLL vs CTVA, CF, MOS: Shiller PE Ratio Comparison

For the Agricultural Inputs subindustry, UPL'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.


UPL Shiller PE Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, UPL's Shiller PE Ratio distribution charts can be found below:

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


LSE:UPLL
78GF Score
UPL Ltd LSE:UPLL
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UPL 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.

UPL's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=14.00/0.70
=20.00

* 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.

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

For example, UPL'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)
=0.003/167.3573*167.3573
=0.003

Current CPI (Jun. 2026) = 167.3573.

UPL Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.063 105.961 0.100
201612 0.169 105.196 0.269
201703 0.283 105.196 0.450
201706 0.186 107.109 0.291
201709 0.092 109.021 0.141
201712 0.225 109.404 0.344
201803 0.285 109.786 0.434
201806 0.189 111.317 0.284
201809 0.094 115.142 0.137
201812 0.164 115.142 0.238
201903 0.090 118.202 0.127
201906 0.103 120.880 0.143
201909 0.058 123.175 0.079
201912 0.247 126.235 0.327
202003 0.208 124.705 0.279
202006 0.182 127.000 0.240
202009 0.158 130.118 0.203
202012 0.270 130.889 0.345
202103 0.336 131.771 0.427
202106 0.211 134.084 0.263
202109 0.216 135.847 0.266
202112 0.292 138.161 0.354
202203 0.454 138.822 0.547
202206 0.264 142.347 0.310
202209 0.259 144.661 0.300
202212 0.314 145.763 0.361
202303 0.249 146.865 0.284
202306 0.031 150.280 0.035
202309 -0.059 151.492 -0.065
202312 -0.406 152.924 -0.444
202403 0.016 153.035 0.017
202406 -0.141 155.789 -0.151
202409 -0.136 157.882 -0.144
202412 0.228 158.323 0.241
202503 0.258 157.552 0.274
202506 -0.045 159.755 -0.047
202509 0.153 162.289 0.158
202512 0.104 163.281 0.107
202603 0.271 164.272 0.276
202606 0.003 167.357 0.003

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 20.00 mean?
UPL (LSE:UPLL) has a Shiller PE Ratio of 20.00 as of Sep. 14, 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 UPL and its competitors. This is 11% below median its historical median of 22.49. Over the past decade, UPL's Shiller PE Ratio has ranged from 13.51 to 33.70. According to the industry distribution chart, UPL ranks #104 out of 160 companies in the Agriculture industry, placing it in the top 65%.
Is UPL's Shiller PE Ratio too high?
UPL's current Shiller PE Ratio of 20.00 is 11% below median its 10-year median of 22.49. Over the past 10 years, this metric has ranged from a low of 13.51 to a high of 33.70. The Agriculture industry median Shiller PE Ratio is 16.83. UPL's value of 20.00 is 18.8% above this industry median. Based on the distribution chart, UPL ranks #104 out of 160 companies in the Agriculture industry, which is below the industry midpoint. Overall, UPL has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UPL's Shiller PE Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, UPL ranks #104 out of 160 companies for Shiller PE Ratio. This places UPL in the lower half of its industry. The industry median Shiller PE Ratio is 16.83. UPL's value of 20.00 is 18.8% above this benchmark. Historically, UPL's own Shiller PE Ratio has ranged from 13.51 to 33.70 over the past decade. While the company's 10-year median is 22.49 vs. the industry median of 16.83, UPL 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 an Agriculture company?
The median Shiller PE Ratio among Agriculture companies is 16.83, based on 160 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. UPL's current Shiller PE Ratio of 20.00 is 18.8% 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 UPL and its competitors. For the Agriculture industry, the median Shiller PE Ratio is 16.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UPL's current Shiller PE Ratio is 20.00, which is 11% below median its own 10-year median of 22.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UPL stock overvalued right now?
Based on GuruFocus' analysis, UPL (LSE:UPLL) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.63, compared to a current price of $14.00 — trading 10.4% below its estimated fair value. The current Shiller PE Ratio is 20.00, which is 11% below median its 10-year median of 22.49 and 18.8% above the Agriculture industry median of 16.83. UPL's overall GF Score™ is 78/100 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 UPL (LSE:UPLL), the current Shiller PE Ratio is 20.00 as of Sep. 14, 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 UPL (LSE:UPLL) Overvalued in 2026?

Based on GuruFocus' analysis, UPL stock appears to be undervalued. The current stock price of $14.00 is trading 10.4% below its estimated GF Value™ of $15.63. GuruFocus considers UPL to be Modestly Undervalued.

Key valuation signals for LSE:UPLL:

  • Shiller PE Ratio: 20.00 (11% below median its 10-year median of 22.49)
  • GF Value™: $15.63 vs. price of $14.00 (10.4% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 18.8% above the Agriculture median (#104 of 160)

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


UPL Business Description

Other Exchanges UPL:India512070:India
Address C. D. Marg, 11th Road, Uniphos House, Madhu Park, Khar (West), Mumbai, MH, IND, 400 051
UPL Ltd is principally engaged in the business of manufacturing and sale of crop protection products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators, rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. The company generates its revenue globally, with sales in various countries, and derives a majority share of its revenue from its business outside India. The firm sells its products through a distribution network in each region.
78GF Score

Get the complete analysis for LSE:UPLL

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

$14.00
Price
$15.63
GF Value