LTM (LATAM Airlines Group) Shiller PE Ratio: (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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LTM LATAM Airlines Group SA LTM
74 GF Score
Price $51.08
GF Value $41.93
Valuation Modestly Overvalued
! 3 Warning Signs
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What is LATAM Airlines Group Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LATAM Airlines Group  (NYSE:LTM) 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.


LATAM Airlines Group Shiller PE Ratio Related Terms


LATAM Airlines Group Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for LATAM Airlines Group'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.

LATAM Airlines Group Shiller PE Ratio Chart

LATAM Airlines Group 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 0.00 0.00 0.00 0.00 0.00

LATAM Airlines Group 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

LTM vs DAL, UAL, LUV: Shiller PE Ratio Comparison

For the Airlines subindustry, LATAM Airlines Group'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.


LATAM Airlines Group Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, LATAM Airlines Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where LATAM Airlines Group's Shiller PE Ratio falls into.


LTM
74GF Score
LATAM Airlines Group SA LTM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LATAM Airlines Group 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.

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

For example, LATAM Airlines Group'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)
=0.436/162.5100*162.5100
=0.436

Current CPI (Jun. 2026) = 162.5100.

LATAM Airlines Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.970 104.521 1.508
201612 11.088 104.532 17.238
201703 12.062 105.752 18.536
201706 -25.397 105.730 -39.036
201709 29.552 106.035 45.292
201712 3.819 106.907 5.805
201803 16.958 107.670 25.595
201806 -38.224 108.421 -57.293
201809 6.479 109.369 9.627
201812 71.789 109.653 106.395
201903 -11.053 110.339 -16.279
201906 -11.558 111.352 -16.868
201909 15.872 111.821 23.067
201912 41.776 112.943 60.110
202003 -390.103 114.468 -553.827
202006 -163.759 114.283 -232.864
202009 -105.449 115.275 -148.658
202012 -177.086 116.299 -247.451
202103 -79.275 117.770 -109.391
202106 -141.605 118.630 -193.983
202109 -127.306 121.431 -170.373
202112 -506.912 124.634 -660.962
202203 -69.930 128.850 -88.198
202206 -96.270 133.448 -117.235
202209 -54.454 138.101 -64.079
202212 8.124 140.574 9.392
202303 0.402 143.145 0.456
202306 0.480 143.538 0.543
202309 0.768 145.172 0.860
202312 0.276 146.109 0.307
202403 0.854 148.551 0.934
202406 0.482 149.592 0.524
202409 0.996 151.212 1.070
202412 0.577 152.774 0.614
202503 1.176 155.783 1.227
202506 0.808 155.754 0.843
202509 1.304 157.870 1.342
202512 1.680 158.040 1.728
202603 2.006 160.190 2.035
202606 0.436 162.510 0.436

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 LATAM Airlines Group (LTM) Overvalued in 2026?

Based on GuruFocus' analysis, LATAM Airlines Group stock appears to be overvalued. The current stock price of $51.08 is trading 21.8% above its estimated GF Value™ of $41.93. GuruFocus considers LATAM Airlines Group to be Modestly Overvalued.

Key valuation signals for LTM:

  • Shiller PE Ratio:
  • GF Value™: $41.93 vs. price of $51.08 (21.8% above fair value)
  • GF Score™: 74/100 with 3 warning signs

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


LATAM Airlines Group Business Description

Other Exchanges LFL0:GermanyLTM:Chile
Address Presidente Riesco 5711, 20th Floor, Las Condes, Santiago, CHL
LATAM Airlines Group SA is a Chilean-based airline company involved in the transportation of passengers and cargo. The company provides domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations. It carries out cargo operations using both belly space on passenger flights and dedicated freighter aircraft. The group also offers complementary services, such as ground handling, courier, logistics, and maintenance.
74GF Score

Get the complete analysis for LTM

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

$51.08
Price
$41.93
GF Value