MUX (McEwen) Shiller PE Ratio: (As of Aug. 26, 2026)

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.

MUX McEwen Inc MUX
62 GF Score
Price $21.26
GF Value $10.64
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is McEwen Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


McEwen  (NYSE: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

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.


MUX
62GF Score
McEwen Inc 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)
=0.14/133.5265*133.5265
=0.140

Current CPI (Jun. 2026) = 133.5265.

McEwen Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.100 101.765 0.131
201612 -0.200 101.449 -0.263
201703 -0.100 102.634 -0.130
201706 -0.100 103.029 -0.130
201709 -0.300 103.345 -0.388
201712 0.100 103.345 0.129
201803 -0.200 105.004 -0.254
201806 -0.200 105.557 -0.253
201809 -0.400 105.636 -0.506
201812 -0.600 105.399 -0.760
201903 -0.300 106.979 -0.374
201906 -0.400 107.690 -0.496
201909 -0.300 107.611 -0.372
201912 -0.700 107.769 -0.867
202003 -2.500 107.927 -3.093
202006 -0.500 108.401 -0.616
202009 -0.200 108.164 -0.247
202012 -0.580 108.559 -0.713
202103 -0.300 110.298 -0.363
202106 -0.130 111.720 -0.155
202109 -0.380 112.905 -0.449
202112 -0.460 113.774 -0.540
202203 -0.450 117.646 -0.511
202206 -0.260 120.806 -0.287
202209 -0.220 120.648 -0.243
202212 -0.780 120.964 -0.861
202303 -0.910 122.702 -0.990
202306 -0.460 124.203 -0.495
202309 -0.390 125.230 -0.416
202312 2.910 125.072 3.107
202403 -0.410 126.258 -0.434
202406 -0.260 127.522 -0.272
202409 -0.040 127.285 -0.042
202412 -0.160 127.364 -0.168
202503 -0.120 129.181 -0.124
202506 0.060 129.892 0.062
202509 -0.010 130.287 -0.010
202512 0.710 130.366 0.727
202603 0.470 132.262 0.474
202606 0.140 133.527 0.140

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 (MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of $21.26 is trading 99.8% above its estimated GF Value™ of $10.64. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for MUX:

  • Shiller PE Ratio:
  • GF Value™: $10.64 vs. price of $21.26 (99.8% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the 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.
62GF Score

Get the complete analysis for MUX

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

$21.26
Price
$10.64
GF Value