PFG (Principal Financial Group) Shiller PE Ratio: (As of Sep. 21, 2026)

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PFG Principal Financial Group Inc PFG
70 GF Score
Price $116.64
GF Value $94.28
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Principal Financial Group Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Principal Financial Group  (NAS:PFG) 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.


Principal Financial Group Shiller PE Ratio Related Terms


Principal Financial Group Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Principal Financial Group'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.

Principal Financial Group Shiller PE Ratio Chart

Principal Financial Group 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 13.68 11.72 10.83 10.12 11.27

Principal Financial Group 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 10.26 10.69 11.24 11.24 13.24

PFG vs TROW, BEN, CG: Shiller PE Ratio Comparison

For the Asset Management subindustry, Principal Financial Group'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.


Principal Financial Group Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Principal Financial Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Principal Financial Group's Shiller PE Ratio falls into.


PFG
70GF Score
Principal Financial Group Inc PFG
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Principal Financial Group 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.

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

For example, Principal Financial Group'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)
=1.8445/333.9520*333.9520
=1.845

Current CPI (Jun. 2026) = 333.9520.

Principal Financial Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.058 241.428 1.463
201612 1.089 241.432 1.506
201703 1.193 243.801 1.634
201706 1.057 244.955 1.442
201709 2.764 246.819 3.740
201712 2.868 246.524 3.885
201803 1.356 249.554 1.814
201806 1.579 251.989 2.092
201809 1.586 252.439 2.097
201812 0.829 251.233 1.102
201903 1.530 254.202 2.011
201906 1.374 256.143 1.791
201909 0.985 256.759 1.281
201912 1.073 256.974 1.395
202003 1.042 258.115 1.348
202006 1.445 257.797 1.872
202009 0.853 260.280 1.094
202012 1.705 260.474 2.186
202103 1.874 264.877 2.362
202106 1.315 271.696 1.617
202109 1.324 274.310 1.611
202112 1.756 278.802 2.103
202203 1.284 287.504 1.491
202206 12.168 296.311 13.714
202209 5.223 296.808 5.877
202212 -0.067 296.797 -0.075
202303 -0.576 301.836 -0.637
202306 1.584 305.109 1.733
202309 5.101 307.789 5.535
202312 -3.687 306.746 -4.014
202403 2.224 312.332 2.378
202406 1.492 314.175 1.586
202409 -0.954 315.301 -1.010
202412 3.916 315.605 4.144
202503 0.210 319.799 0.220
202506 1.793 322.561 1.857
202509 0.949 324.800 0.976
202512 2.325 324.054 2.396
202603 1.927 330.213 1.949
202606 1.845 333.952 1.845

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 Principal Financial Group (PFG) Overvalued in 2026?

Based on GuruFocus' analysis, Principal Financial Group stock appears to be overvalued. The current stock price of $116.64 is trading 23.7% above its estimated GF Value™ of $94.28. GuruFocus considers Principal Financial Group to be Modestly Overvalued.

Key valuation signals for PFG:

  • Shiller PE Ratio:
  • GF Value™: $94.28 vs. price of $116.64 (23.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs

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


Principal Financial Group Business Description

Other Exchanges 0KO5:UKPG4:Germany
Address 711 High Street, Des Moines, IA, USA, 50392
Principal Financial Group Inc is a financial services provider. It offers various financial products and services including retirement, asset management, and workplace benefits and protection solutions to individuals and institutional clients. The company, along with its subsidiaries, operates in the following reportable segments; Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Maximum revenue is generated from the Retirement and Income Solutions segment which provides workplace savings and retirement solutions, banking, trust and custodial services, individual variable annuities (including RILAs), pension risk transfer, and investment services to businesses, their employees, and other individuals.
70GF Score

Get the complete analysis for PFG

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

$116.64
Price
$94.28
GF Value