McEwen (MEX:MUX) Shiller PE Ratio: (As of Aug. 30, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MEX:MUX McEwen Inc MEX:MUX
46 GF Score
Price MXN340.19
GF Value MXN204.00
Valuation Significantly Overvalued
! 4 Warning Signs
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What is McEwen Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


McEwen  (MEX:MUX) 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.


McEwen Shiller PE Ratio Related Terms


McEwen Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for McEwen'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.

McEwen Shiller PE Ratio Chart

McEwen 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

McEwen 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

MEX:MUX vs GORO, LODE, THMG: Shiller PE Ratio Comparison

For the Other Precious Metals & Mining subindustry, McEwen'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.


McEwen Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, McEwen's Shiller PE Ratio distribution charts can be found below:

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


MEX:MUX
46GF Score
McEwen Inc MEX:MUX
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McEwen 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.

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

For example, McEwen'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)
=2.443/133.5265*133.5265
=2.443

Current CPI (Jun. 2026) = 133.5265.

McEwen Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.934 101.765 2.538
201612 -4.123 101.449 -5.427
201703 -1.883 102.634 -2.450
201706 -1.808 103.029 -2.343
201709 -5.444 103.345 -7.034
201712 1.964 103.345 2.538
201803 -3.634 105.004 -4.621
201806 -3.930 105.557 -4.971
201809 -7.482 105.636 -9.457
201812 -11.781 105.399 -14.925
201903 -5.819 106.979 -7.263
201906 -7.684 107.690 -9.527
201909 -5.923 107.611 -7.349
201912 -13.202 107.769 -16.357
202003 -58.620 107.927 -72.524
202006 -11.541 108.401 -14.216
202009 -4.418 108.164 -5.454
202012 -11.537 108.559 -14.190
202103 -6.132 110.298 -7.423
202106 -2.588 111.720 -3.093
202109 -7.814 112.905 -9.241
202112 -9.436 113.774 -11.074
202203 -8.960 117.646 -10.170
202206 -5.231 120.806 -5.782
202209 -4.425 120.648 -4.897
202212 -15.207 120.964 -16.786
202303 -16.403 122.702 -17.850
202306 -7.886 124.203 -8.478
202309 -6.793 125.230 -7.243
202312 49.395 125.072 52.734
202403 -6.804 126.258 -7.196
202406 -4.763 127.522 -4.987
202409 -0.788 127.285 -0.827
202412 -3.337 127.364 -3.498
202503 -2.455 129.181 -2.538
202506 1.130 129.892 1.162
202509 -0.183 130.287 -0.188
202512 12.784 130.366 13.094
202603 8.475 132.262 8.556
202606 2.443 133.527 2.443

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 McEwen (MEX:MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of MXN340.19 is trading 66.8% above its estimated GF Value™ of MXN204.00. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for MEX:MUX:

  • Shiller PE Ratio:
  • GF Value™: MXN204.00 vs. price of MXN340.19 (66.8% above fair value)
  • GF Score™: 46/100 with 4 warning signs

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


McEwen Business Description

Address 150 King Street West, Suite 2800, PO Box 24, Toronto, ON, CAN, M5H 1J9
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
46GF Score

Get the complete analysis for MEX:MUX

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

MXN340.19
Price
MXN204.00
GF Value