TER (Teradyne) Shiller PE Ratio: 85.63 (As of Sep. 04, 2026) — 63% Above Median

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TER Teradyne Inc TER
80 GF Score
Price $354.51
GF Value $214.91
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Teradyne Shiller PE Ratio?

Teradyne TER +4.70% 80 Shiller PE Ratio is 85.63 as of Sep. 04, 2026, which is 63% above its 10-year median of 52.44. GuruFocus rates TER with a GF Score™ of 80/100 and a GF Value™ of $214.91 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 543 Semiconductors companies, Teradyne ranks worse than 72.93% on this metric.

As of today (2026-09-04), Teradyne's current share price is $354.51. Teradyne's E10 for the quarter that ended in Jun. 2026 was $4.14. Teradyne's Shiller PE Ratio for today is 85.63.

The historical rank and industry rank for Teradyne's Shiller PE Ratio or its related term are showing as below:

TER' s Shiller PE Ratio Range Over the Past 10 Years
Min: 21.48   Med: 52.44   Max: 118.04
Current: 85.63

During the past years, Teradyne's highest Shiller PE Ratio was 118.04. The lowest was 21.48. And the median was 52.44.

TER's Shiller PE Ratio is ranked worse than
72.93% of 543 companies
in the Semiconductors industry
Industry Median: 41.34 vs TER: 85.63

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.

Teradyne's adjusted earnings per share data for the three months ended in Jun. 2026 was $2.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teradyne  (NAS:TER) 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.


Teradyne Shiller PE Ratio Related Terms


Teradyne Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Teradyne'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.

Teradyne Shiller PE Ratio Chart

Teradyne 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 79.65 35.09 39.37 40.34 56.56

Teradyne 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 27.96 42.14 56.56 79.97 116.88

TER vs Q, ENTG, ONTO: Shiller PE Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Teradyne'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.


Teradyne Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Teradyne's Shiller PE Ratio distribution charts can be found below:

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


TER
80GF Score
Teradyne Inc TER
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teradyne 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.

Teradyne's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=354.51/4.14
=85.63

* 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.

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

For example, Teradyne'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)
=2.38/333.9520*333.9520
=2.380

Current CPI (Jun. 2026) = 333.9520.

Teradyne Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.310 241.428 0.429
201612 0.330 241.432 0.456
201703 0.420 243.801 0.575
201706 0.870 244.955 1.186
201709 0.520 246.819 0.704
201712 -0.540 246.524 -0.732
201803 0.430 249.554 0.575
201806 0.520 251.989 0.689
201809 0.630 252.439 0.833
201812 0.790 251.233 1.050
201903 0.620 254.202 0.815
201906 0.550 256.143 0.717
201909 0.750 256.759 0.975
201912 0.750 256.974 0.975
202003 0.970 258.115 1.255
202006 1.050 257.797 1.360
202009 1.210 260.280 1.552
202012 1.050 260.474 1.346
202103 1.090 264.877 1.374
202106 1.760 271.696 2.163
202109 1.410 274.310 1.717
202112 1.290 278.802 1.545
202203 0.920 287.504 1.069
202206 1.160 296.311 1.307
202209 1.100 296.808 1.238
202212 1.040 296.797 1.170
202303 0.500 301.836 0.553
202306 0.730 305.109 0.799
202309 0.780 307.789 0.846
202312 0.720 306.746 0.784
202403 0.400 312.332 0.428
202406 1.140 314.175 1.212
202409 0.890 315.301 0.943
202412 0.900 315.605 0.952
202503 0.610 319.799 0.637
202506 0.490 322.561 0.507
202509 0.750 324.800 0.771
202512 1.630 324.054 1.680
202603 2.530 330.213 2.559
202606 2.380 333.952 2.380

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.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 85.63 mean?
Teradyne (TER) has a Shiller PE Ratio of 85.63 as of Sep. 04, 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 Teradyne and its competitors. This is 63% above median its historical median of 52.44. Over the past decade, Teradyne's Shiller PE Ratio has ranged from 21.48 to 118.04. According to the industry distribution chart, Teradyne ranks #396 out of 543 companies in the Semiconductors industry, placing it in the top 72.9%.
Is Teradyne's Shiller PE Ratio too high?
Teradyne's current Shiller PE Ratio of 85.63 is 63% above median its 10-year median of 52.44. Over the past 10 years, this metric has ranged from a low of 21.48 to a high of 118.04. The Semiconductors industry median Shiller PE Ratio is 41.34. Teradyne's value of 85.63 is 107.1% above this industry median. Based on the distribution chart, Teradyne ranks #396 out of 543 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Teradyne has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teradyne's Shiller PE Ratio compare to Q and ENTG?
According to the Semiconductors industry distribution chart, Teradyne ranks #396 out of 543 companies for Shiller PE Ratio. This places Teradyne in the lower half of its industry. The industry median Shiller PE Ratio is 41.34. Teradyne's value of 85.63 is 107.1% above this benchmark. Historically, Teradyne's own Shiller PE Ratio has ranged from 21.48 to 118.04 over the past decade. While the company's 10-year median is 52.44 vs. the industry median of 41.34, Teradyne 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 a Semiconductors company?
The median Shiller PE Ratio among Semiconductors companies is 41.34, based on 543 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. Teradyne's current Shiller PE Ratio of 85.63 is 107.1% 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 Teradyne and its competitors. For the Semiconductors industry, the median Shiller PE Ratio is 41.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teradyne's current Shiller PE Ratio is 85.63, which is 63% above median its own 10-year median of 52.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teradyne stock overvalued right now?
Based on GuruFocus' analysis, Teradyne (TER) is currently considered Significantly Overvalued. The stock's GF Value™ is $214.91, compared to a current price of $354.51 — trading 65% above its estimated fair value. The current Shiller PE Ratio is 85.63, which is 63% above median its 10-year median of 52.44 and 107.1% above the Semiconductors industry median of 41.34. Teradyne's overall GF Score™ is 80/100 with 3 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 Teradyne (TER), the current Shiller PE Ratio is 85.63 as of Sep. 04, 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 Teradyne (TER) Overvalued in 2026?

Based on GuruFocus' analysis, Teradyne stock appears to be overvalued. The current stock price of $354.51 is trading 65% above its estimated GF Value™ of $214.91. GuruFocus considers Teradyne to be Significantly Overvalued.

Key valuation signals for TER:

  • Shiller PE Ratio: 85.63 (63% above median its 10-year median of 52.44)
  • GF Value™: $214.91 vs. price of $354.51 (65% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 107.1% above the Semiconductors median (#396 of 543)

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


Teradyne Business Description

Address 600 Riverpark Drive, North Reading, MA, USA, 01864
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems, and wireless testing for devices. The firm entered the industrial automation market in 2015 and sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies, directly and indirectly, through its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
80GF Score

Get the complete analysis for TER

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

$354.51
Price
$214.91
GF Value