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Merlin Properties SOCIMIMPTYY 58 Shiller PE Ratio is 11.97 as of Aug. 13, 2026, which is 23% above its 10-year median of 9.75. GuruFocus rates MPTYY with a GF Score™ of 58/100 and a GF Value™ of $25.94 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 480 REITs companies, Merlin Properties SOCIMI ranks better than 58.12% on this metric.
The historical rank and industry rank for Merlin Properties SOCIMI's Shiller PE Ratio or its related term are showing as below:
MPTYY'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.1 Med: 9.75 Max: 12.43
Current: 11.55
During the past years, Merlin Properties SOCIMI's highest Shiller PE Ratio was 12.43. The lowest was 8.10. And the median was 9.75.
MPTYY's Shiller PE Ratio is ranked better than 58.12% of 480
companies
in the REITs industry
Industry Median: 13.755
vs MPTYY: 11.55
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.
Merlin Properties SOCIMI's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.868. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.90 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Merlin Properties SOCIMI (OTCPK:MPTYY) 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.
Merlin Properties SOCIMI Shiller PE Ratio Related Terms
Merlin Properties SOCIMI Shiller PE Ratio Historical Data
* 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.
MPTYY vs BXP, ARE, VNO: Shiller PE Ratio Comparison
For the REIT - Office subindustry, Merlin Properties SOCIMI'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.
Merlin Properties SOCIMI Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI's Shiller PE Ratio falls into.
Merlin Properties SOCIMI 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.
* 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.
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.
Merlin Properties SOCIMI (MPTYY) has a Shiller PE Ratio of 11.97 as of Aug. 13, 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 Merlin Properties SOCIMI and its competitors. This is 23% above median its historical median of 9.75. Over the past decade, Merlin Properties SOCIMI's Shiller PE Ratio has ranged from 8.10 to 12.43. According to the industry distribution chart, Merlin Properties SOCIMI ranks #201 out of 480 companies in the REITs industry, placing it in the top 41.9%.
Is Merlin Properties SOCIMI's Shiller PE Ratio too high?
Merlin Properties SOCIMI's current Shiller PE Ratio of 11.97 is 23% above median its 10-year median of 9.75. Over the past 10 years, this metric has ranged from a low of 8.10 to a high of 12.43. The REITs industry median Shiller PE Ratio is 13.76. Merlin Properties SOCIMI's value of 11.97 is 13% below this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #201 out of 480 companies in the REITs industry, which is above the industry midpoint. Overall, Merlin Properties SOCIMI has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Shiller PE Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #201 out of 480 companies for Shiller PE Ratio. This puts Merlin Properties SOCIMI in the upper half of its industry. The industry median Shiller PE Ratio is 13.76. Merlin Properties SOCIMI's value of 11.97 is 13% below this benchmark. Historically, Merlin Properties SOCIMI's own Shiller PE Ratio has ranged from 8.10 to 12.43 over the past decade. While the company's 10-year median is 9.75 vs. the industry median of 13.76, Merlin Properties SOCIMI 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 REITs company?
The median Shiller PE Ratio among REITs companies is 13.76, based on 480 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. Merlin Properties SOCIMI's current Shiller PE Ratio of 11.97 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 Merlin Properties SOCIMI and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin Properties SOCIMI's current Shiller PE Ratio is 11.97, which is 23% above median its own 10-year median of 9.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (MPTYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.94, compared to a current price of $34.71 — trading 33.8% above its estimated fair value. The current Shiller PE Ratio is 11.97, which is 23% above median its 10-year median of 9.75 and 13% below the REITs industry median of 13.76. Merlin Properties SOCIMI's overall GF Score™ is 58/100 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 Merlin Properties SOCIMI (MPTYY), the current Shiller PE Ratio is 11.97 as of Aug. 13, 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 Merlin Properties SOCIMI (MPTYY) Overvalued in 2026?
Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued.
The current stock price of $34.71 is trading 33.8% above its estimated GF Value™ of $25.94.
GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.
Key valuation signals for MPTYY:
Shiller PE Ratio: 11.97 (23% above median its 10-year median of 9.75)
GF Value™: $25.94 vs. price of $34.71 (33.8% above fair value)
Industry Position: 13% below the REITs median (#201 of 480)
No single metric tells the full story. See the MPTYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
58GF Score
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