SBI Holdings (STU:ZOF) Shiller PE Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

STU:ZOF SBI Holdings Inc STU:ZOF
79 GF Score
Price €17.94
GF Value €15.82
Valuation Modestly Overvalued
! 7 Warning Signs
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What is SBI Holdings Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SBI Holdings  (STU:ZOF) 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.


SBI Holdings Shiller PE Ratio Related Terms


SBI Holdings Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for SBI Holdings'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.

SBI Holdings Shiller PE Ratio Chart

SBI Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.71 7.83 9.80 8.99 9.58

SBI Holdings 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 10.28 12.38 11.13 9.60 8.02

STU:ZOF vs FRHC, VOYA: Shiller PE Ratio Comparison

For the Financial Conglomerates subindustry, SBI Holdings'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.


SBI Holdings Shiller PE Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SBI Holdings's Shiller PE Ratio falls into.


STU:ZOF
79GF Score
SBI Holdings Inc STU:ZOF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SBI Holdings 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.

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

For example, SBI Holdings'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)
=1.1567/113.6000*113.6000
=1.157

Current CPI (Jun. 2026) = 113.6000.

SBI Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.128 98.000 0.148
201612 0.211 98.400 0.244
201703 0.138 98.100 0.159
201706 0.220 98.500 0.253
201709 0.143 98.800 0.165
201712 0.243 99.400 0.278
201803 0.150 99.200 0.172
201806 0.272 99.200 0.312
201809 0.238 99.900 0.271
201812 0.077 99.700 0.088
201903 0.217 99.700 0.247
201906 0.186 99.800 0.211
201909 0.266 100.100 0.302
201912 0.157 100.500 0.177
202003 0.000 100.300 0.000
202006 0.269 99.900 0.306
202009 0.249 99.900 0.283
202012 0.394 99.300 0.451
202103 0.281 99.900 0.319
202106 0.387 99.500 0.442
202109 0.648 100.100 0.735
202112 3.856 100.100 4.376
202203 -0.047 101.100 -0.052
202206 -0.036 101.800 -0.040
202209 0.123 103.100 0.136
202212 0.005 104.100 0.005
202303 0.312 104.400 0.340
202306 0.262 105.200 0.283
202309 0.131 106.200 0.140
202312 0.236 106.800 0.251
202403 0.282 107.200 0.299
202406 0.210 108.200 0.220
202409 0.226 108.900 0.236
202412 0.547 110.700 0.561
202503 0.594 111.100 0.607
202506 0.796 111.700 0.810
202509 0.676 112.000 0.686
202512 1.476 113.000 1.484
202603 0.615 112.700 0.620
202606 1.157 113.600 1.157

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 SBI Holdings (STU:ZOF) Overvalued in 2026?

Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued. The current stock price of €17.94 is trading 13.4% above its estimated GF Value™ of €15.82. GuruFocus considers SBI Holdings to be Modestly Overvalued.

Key valuation signals for STU:ZOF:

  • Shiller PE Ratio:
  • GF Value™: €15.82 vs. price of €17.94 (13.4% above fair value)
  • GF Score™: 79/100 with 7 warning signs

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


SBI Holdings Business Description

Other Exchanges SBHGF:USA8473:Japan
Address 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6019
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
79GF Score

Get the complete analysis for STU:ZOF

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

€17.94
Price
€15.82
GF Value