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Royce Small-Cap TrustRVT +1.40%60 Shiller PE Ratio is 16.09 as of Aug. 09, 2026, which is 5% above its 10-year median of 15.37. GuruFocus rates RVT with a GF Score™ of 60/100 and a GF Value™ of $16.62 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 788 Asset Management companies, Royce Small-Cap Trust ranks worse than 63.2% on this metric.
The historical rank and industry rank for Royce Small-Cap Trust's Shiller PE Ratio or its related term are showing as below:
RVT'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.78 Med: 15.37 Max: 16.09
Current: 16.03
During the past 10 years, Royce Small-Cap Trust's highest Shiller PE Ratio was 16.09. The lowest was 13.78. And the median was 15.37.
RVT's Shiller PE Ratio is ranked worse than 63.2% of 788
companies
in the Asset Management industry
Industry Median: 12.99
vs RVT: 16.03
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.
Royce Small-Cap Trust's adjusted earnings per share data of for the fiscal year that ended in Dec25 was $2.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.17 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Royce Small-Cap Trust (NYSE:RVT) 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.
Royce Small-Cap Trust Shiller PE Ratio Related Terms
Royce Small-Cap Trust Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Royce Small-Cap Trust'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.
For the Asset Management subindustry, Royce Small-Cap Trust'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.
Royce Small-Cap Trust Shiller PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Small-Cap Trust's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Royce Small-Cap Trust's Shiller PE Ratio falls into.
Royce Small-Cap Trust 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.
Royce Small-Cap Trust (RVT) has a Shiller PE Ratio of 16.09 as of Aug. 09, 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 Royce Small-Cap Trust and its competitors. This is near median its historical median of 15.37. Over the past decade, Royce Small-Cap Trust's Shiller PE Ratio has ranged from 13.78 to 16.09. According to the industry distribution chart, Royce Small-Cap Trust ranks #498 out of 788 companies in the Asset Management industry, placing it in the top 63.2%.
Is Royce Small-Cap Trust's Shiller PE Ratio too high?
Royce Small-Cap Trust's current Shiller PE Ratio of 16.09 is near median its 10-year median of 15.37. Over the past 10 years, this metric has ranged from a low of 13.78 to a high of 16.09. The Asset Management industry median Shiller PE Ratio is 12.99. Royce Small-Cap Trust's value of 16.09 is 23.9% above this industry median. Based on the distribution chart, Royce Small-Cap Trust ranks #498 out of 788 companies in the Asset Management industry, which is below the industry midpoint. Overall, Royce Small-Cap Trust has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Small-Cap Trust's Shiller PE Ratio compare to NMZ and GOF?
According to the Asset Management industry distribution chart, Royce Small-Cap Trust ranks #498 out of 788 companies for Shiller PE Ratio. This places Royce Small-Cap Trust in the lower half of its industry. The industry median Shiller PE Ratio is 12.99. Royce Small-Cap Trust's value of 16.09 is 23.9% above this benchmark. Historically, Royce Small-Cap Trust's own Shiller PE Ratio has ranged from 13.78 to 16.09 over the past decade. While the company's 10-year median is 15.37 vs. the industry median of 12.99, Royce Small-Cap Trust has consistently been above 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 an Asset Management company?
The median Shiller PE Ratio among Asset Management companies is 12.99, based on 788 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. Royce Small-Cap Trust's current Shiller PE Ratio of 16.09 is 23.9% above 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 Royce Small-Cap Trust and its competitors. For the Asset Management industry, the median Shiller PE Ratio is 12.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Small-Cap Trust's current Shiller PE Ratio is 16.09, which is near median its own 10-year median of 15.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Small-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Small-Cap Trust (RVT) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.62, compared to a current price of $18.82 — trading 13.2% above its estimated fair value. The current Shiller PE Ratio is 16.09, which is near median its 10-year median of 15.37 and 23.9% above the Asset Management industry median of 12.99. Royce Small-Cap Trust's overall GF Score™ is 60/100 with 4 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 Royce Small-Cap Trust (RVT), the current Shiller PE Ratio is 16.09 as of Aug. 09, 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 Royce Small-Cap Trust (RVT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Small-Cap Trust stock appears to be overvalued.
The current stock price of $18.82 is trading 13.2% above its estimated GF Value™ of $16.62.
GuruFocus considers Royce Small-Cap Trust to be Modestly Overvalued.
Key valuation signals for RVT:
Shiller PE Ratio: 16.09 (near median its 10-year median of 15.37)
GF Value™: $16.62 vs. price of $18.82 (13.2% above fair value)
Industry Position: 23.9% above the Asset Management median (#498 of 788)
No single metric tells the full story. See the RVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Small-Cap Trust Inc is a diversified closed-end investment company that invests in equity securities of small-cap companies. The company portfolio includes sectors such as Industrials, Financials, Information Technology, Health Care, and Consumer Discretionary.
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