MAC (Macerich Co) Shiller PE Ratio: (As of Sep. 09, 2026)

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MAC Macerich Co MAC
63 GF Score
Price $23.35
GF Value $15.59
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Macerich Co Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Macerich Co  (NYSE:MAC) 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.


Macerich Co Shiller PE Ratio Related Terms


Macerich Co Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Macerich Co'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.

Macerich Co Shiller PE Ratio Chart

Macerich Co 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 6.59 4.61 7.71 28.57 88.28

Macerich Co 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 25.13 31.08 88.28 0.00 0.00

MAC vs EPRT, KRG, PECO: Shiller PE Ratio Comparison

For the REIT - Retail subindustry, Macerich Co'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.


Macerich Co Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Macerich Co's Shiller PE Ratio distribution charts can be found below:

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


MAC
63GF Score
Macerich Co MAC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macerich Co 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.

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

For example, Macerich Co'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)
=-0.1/333.9520*333.9520
=-0.100

Current CPI (Jun. 2026) = 333.9520.

Macerich Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.090 241.428 0.124
201612 0.258 241.432 0.357
201703 0.480 243.801 0.657
201706 0.190 244.955 0.259
201709 0.120 246.819 0.162
201712 0.232 246.524 0.314
201803 -0.240 249.554 -0.321
201806 0.050 251.989 0.066
201809 0.520 252.439 0.688
201812 0.083 251.233 0.110
201903 0.050 254.202 0.066
201906 0.110 256.143 0.143
201909 0.330 256.759 0.429
201912 0.190 256.974 0.247
202003 0.050 258.115 0.065
202006 -0.180 257.797 -0.233
202009 -0.150 260.280 -0.192
202012 -1.271 260.474 -1.630
202103 -0.400 264.877 -0.504
202106 -0.060 271.696 -0.074
202109 0.500 274.310 0.609
202112 -0.080 278.802 -0.096
202203 -0.170 287.504 -0.197
202206 -0.070 296.311 -0.079
202209 -0.070 296.808 -0.079
202212 0.010 296.797 0.011
202303 -0.270 301.836 -0.299
202306 -0.070 305.109 -0.077
202309 -1.220 307.789 -1.324
202312 0.290 306.746 0.316
202403 -0.590 312.332 -0.631
202406 1.160 314.175 1.233
202409 -0.500 315.301 -0.530
202412 -0.890 315.605 -0.942
202503 -0.200 319.799 -0.209
202506 -0.160 322.561 -0.166
202509 -0.340 324.800 -0.350
202512 -0.070 324.054 -0.072
202603 -0.140 330.213 -0.142
202606 -0.100 333.952 -0.100

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 Macerich Co (MAC) Overvalued in 2026?

Based on GuruFocus' analysis, Macerich Co stock appears to be overvalued. The current stock price of $23.35 is trading 49.8% above its estimated GF Value™ of $15.59. GuruFocus considers Macerich Co to be Significantly Overvalued.

Key valuation signals for MAC:

  • Shiller PE Ratio:
  • GF Value™: $15.59 vs. price of $23.35 (49.8% above fair value)
  • GF Score™: 63/100 with 9 warning signs

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


Macerich Co Business Description

Industry Real EstateREITs
Other Exchanges 0JX5:UKM6G:Germany
Address 401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401
Macerich invests in premium mall assets. The company owns 27 regional malls in its consolidated portfolio and 10 regional malls in its unconsolidated portfolio along with a power center and seven other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $867 sales per square foot over the 12 months ended in September 2025.
63GF Score

Get the complete analysis for MAC

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

$23.35
Price
$15.59
GF Value