MODVF (Melcor Developments) Shiller PE Ratio: 10.23 (As of Aug. 24, 2026) — 70% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MODVF Melcor Developments Ltd MODVF
76 GF Score
Price $13.51
GF Value $10.18
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Melcor Developments Shiller PE Ratio?

Melcor Developments MODVF 76 Shiller PE Ratio is 10.23 as of Aug. 24, 2026, which is 70% above its 10-year median of 6.02. GuruFocus rates MODVF with a GF Score™ of 76/100 and a GF Value™ of $10.18 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,039 Real Estate companies, Melcor Developments ranks better than 58.71% on this metric.

As of today (2026-08-24), Melcor Developments's current share price is $13.505. Melcor Developments's E10 for the quarter that ended in Jun. 2026 was $1.32. Melcor Developments's Shiller PE Ratio for today is 10.23.

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

MODVF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.42   Med: 6.02   Max: 10.72
Current: 9.69

During the past years, Melcor Developments's highest Shiller PE Ratio was 10.72. The lowest was 2.42. And the median was 6.02.

MODVF's Shiller PE Ratio is ranked better than
58.71% of 1039 companies
in the Real Estate industry
Industry Median: 11.76 vs MODVF: 9.69

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.

Melcor Developments's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melcor Developments  (OTCPK:MODVF) 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.


Melcor Developments Shiller PE Ratio Related Terms


Melcor Developments Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Melcor Developments'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.

Melcor Developments Shiller PE Ratio Chart

Melcor Developments 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 6.67 5.00 5.59 7.31 8.97

Melcor Developments 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 7.85 8.77 8.97 9.93 9.72

Melcor Developments Shiller PE Ratio Competitor Comparison

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments Shiller PE Ratio vs Real Estate Industry

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

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


MODVF
76GF Score
Melcor Developments Ltd MODVF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melcor Developments 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.

Melcor Developments's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=13.505/1.32
=10.23

* 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.

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

For example, Melcor Developments'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)
=0.52/133.5265*133.5265
=0.520

Current CPI (Jun. 2026) = 133.5265.

Melcor Developments Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.374 101.765 0.491
201612 0.547 101.449 0.720
201703 -0.202 102.634 -0.263
201706 0.090 103.029 0.117
201709 0.277 103.345 0.358
201712 0.752 103.345 0.972
201803 0.340 105.004 0.432
201806 0.038 105.557 0.048
201809 0.261 105.636 0.330
201812 0.811 105.399 1.027
201903 0.037 106.979 0.046
201906 0.068 107.690 0.084
201909 0.363 107.611 0.450
201912 0.387 107.769 0.479
202003 1.433 107.927 1.773
202006 -1.387 108.401 -1.708
202009 0.174 108.164 0.215
202012 -0.008 108.559 -0.010
202103 -0.334 110.298 -0.404
202106 0.221 111.720 0.264
202109 0.395 112.905 0.467
202112 1.055 113.774 1.238
202203 0.055 117.646 0.062
202206 0.617 120.806 0.682
202209 0.547 120.648 0.605
202212 0.847 120.964 0.935
202303 0.051 122.702 0.055
202306 0.519 124.203 0.558
202309 0.695 125.230 0.741
202312 0.253 125.072 0.270
202403 0.310 126.258 0.328
202406 0.555 127.522 0.581
202409 -0.849 127.285 -0.891
202412 0.737 127.364 0.773
202503 0.111 129.181 0.115
202506 0.176 129.892 0.181
202509 0.333 130.287 0.341
202512 0.754 130.366 0.772
202603 0.554 132.262 0.559
202606 0.520 133.527 0.520

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 10.23 mean?
Melcor Developments (MODVF) has a Shiller PE Ratio of 10.23 as of Aug. 24, 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 Melcor Developments and its competitors. This is 70% above median its historical median of 6.02. Over the past decade, Melcor Developments' Shiller PE Ratio has ranged from 2.42 to 10.72. According to the industry distribution chart, Melcor Developments ranks #429 out of 1039 companies in the Real Estate industry, placing it in the top 41.3%.
Is Melcor Developments' Shiller PE Ratio too high?
Melcor Developments' current Shiller PE Ratio of 10.23 is 70% above median its 10-year median of 6.02. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 10.72. The Real Estate industry median Shiller PE Ratio is 11.76. Melcor Developments' value of 10.23 is 13% below this industry median. Based on the distribution chart, Melcor Developments ranks #429 out of 1039 companies in the Real Estate industry, which is above the industry midpoint. Overall, Melcor Developments has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Melcor Developments' Shiller PE Ratio compare to competitors?
According to the Real Estate industry distribution chart, Melcor Developments ranks #429 out of 1039 companies for Shiller PE Ratio. This puts Melcor Developments in the upper half of its industry. The industry median Shiller PE Ratio is 11.76. Melcor Developments' value of 10.23 is 13% below this benchmark. Historically, Melcor Developments' own Shiller PE Ratio has ranged from 2.42 to 10.72 over the past decade. While the company's 10-year median is 6.02 vs. the industry median of 11.76, Melcor Developments has consistently been below 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 a Real Estate company?
The median Shiller PE Ratio among Real Estate companies is 11.76, based on 1,039 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. Melcor Developments's current Shiller PE Ratio of 10.23 is 13% below 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 Melcor Developments and its competitors. For the Real Estate industry, the median Shiller PE Ratio is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melcor Developments's current Shiller PE Ratio is 10.23, which is 70% above median its own 10-year median of 6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melcor Developments stock overvalued right now?
Based on GuruFocus' analysis, Melcor Developments (MODVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.18, compared to a current price of $13.51 — trading 32.7% above its estimated fair value. The current Shiller PE Ratio is 10.23, which is 70% above median its 10-year median of 6.02 and 13% below the Real Estate industry median of 11.76. Melcor Developments' overall GF Score™ is 76/100 with 7 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 Melcor Developments (MODVF), the current Shiller PE Ratio is 10.23 as of Aug. 24, 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 Melcor Developments (MODVF) Overvalued in 2026?

Based on GuruFocus' analysis, Melcor Developments stock appears to be overvalued. The current stock price of $13.51 is trading 32.7% above its estimated GF Value™ of $10.18. GuruFocus considers Melcor Developments to be Significantly Overvalued.

Key valuation signals for MODVF:

  • Shiller PE Ratio: 10.23 (70% above median its 10-year median of 6.02)
  • GF Value™: $10.18 vs. price of $13.51 (32.7% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 13% below the Real Estate median (#429 of 1039)

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


Melcor Developments Business Description

Other Exchanges MRD:Canada
Address 10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions includes Land: acquires raw land and plans residential communities and commercial developments, Properties: owns and operates a portfolio of commercial and residential properties and development of commercial properties, Golf: owning and operating championship golf courses associated with residential communities, Corporate: orchestrates strategic planning, financial governance, risk mitigation guiding the organization through dynamic market shifts towards sustained and adaptive success.
76GF Score

Get the complete analysis for MODVF

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

$13.51
Price
$10.18
GF Value