Toyota Motor (MEX:TMN) Shiller PE Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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:TMN Toyota Motor Corp MEX:TMN
76 GF Score
Price MXN3,335.00
GF Value MXN3,660.19
Valuation Fairly Valued
! 3 Warning Signs
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What is Toyota Motor Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor  (MEX:TMN) 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.


Toyota Motor Shiller PE Ratio Related Terms


Toyota Motor Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Toyota Motor'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.

Toyota Motor Shiller PE Ratio Chart

Toyota Motor 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 14.98 9.87 13.74 11.70 10.96

Toyota Motor 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 10.02 10.81 11.02 10.92 8.49

MEX:TMN vs TSLA, GM, F: Shiller PE Ratio Comparison

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Shiller PE Ratio distribution charts can be found below:

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


MEX:TMN
76GF Score
Toyota Motor Corp MEX:TMN
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Motor 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.

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

For example, Toyota Motor'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)
=131.7418/113.6000*113.6000
=131.742

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 47.108 98.000 54.607
201612 57.880 98.400 66.821
201703 47.150 98.100 54.600
201706 67.709 98.500 78.088
201709 49.116 98.800 56.473
201712 105.789 99.400 120.902
201803 56.200 99.200 64.359
201806 79.075 99.200 90.553
201809 68.196 99.900 77.548
201812 21.840 99.700 24.885
201903 55.572 99.700 63.320
201906 75.221 99.800 85.622
201909 67.750 100.100 76.887
201912 70.357 100.500 79.528
202003 43.381 100.300 49.134
202006 24.671 99.900 28.054
202009 69.405 99.900 78.923
202012 116.567 99.300 133.354
202103 105.384 99.900 119.836
202106 117.511 99.500 134.163
202109 81.893 100.100 92.937
202112 104.375 100.100 118.452
202203 68.191 101.100 76.623
202206 83.021 101.800 92.644
202209 46.443 103.100 51.173
202212 74.316 104.100 81.098
202303 57.311 104.400 62.362
202306 124.622 105.200 134.572
202309 111.572 106.200 119.347
202312 119.477 106.800 127.084
202403 84.714 107.200 89.772
202406 109.584 108.200 115.053
202409 54.745 108.900 57.108
202412 220.866 110.700 226.652
202503 68.138 111.100 69.671
202506 87.191 111.700 88.674
202509 90.383 112.000 91.674
202512 114.612 113.000 115.221
202603 70.175 112.700 70.735
202606 131.742 113.600 131.742

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 Toyota Motor (MEX:TMN) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of MXN3,335.00 is trading 8.9% below its estimated GF Value™ of MXN3,660.19. GuruFocus considers Toyota Motor to be Fairly Valued.

Key valuation signals for MEX:TMN:

  • Shiller PE Ratio:
  • GF Value™: MXN3,660.19 vs. price of MXN3,335.00 (8.9% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Toyota Motor Business Description

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
76GF Score

Get the complete analysis for MEX:TMN

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

MXN3,335.00
Price
MXN3,660.19
GF Value