TM (Toyota Motor) Shiller PE Ratio: 12.80 (As of Aug. 18, 2026) — 13% Below Median

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TM Toyota Motor Corp TM
71 GF Score
Price $189.18
GF Value $206.09
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Toyota Motor Shiller PE Ratio?

Toyota Motor TM -1.01% 71 Shiller PE Ratio is 12.80 as of Aug. 18, 2026, which is 13% below its 10-year median of 14.76. GuruFocus rates TM with a GF Score™ of 71/100 and a GF Value™ of $206.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 854 Vehicles & Parts companies, Toyota Motor ranks better than 68.03% on this metric.

As of today (2026-08-18), Toyota Motor's current share price is $189.18. Toyota Motor's E10 for the quarter that ended in Jun. 2026 was $14.78. Toyota Motor's Shiller PE Ratio for today is 12.80.

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

TM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.27   Med: 14.76   Max: 21.5
Current: 12.5

During the past years, Toyota Motor's highest Shiller PE Ratio was 21.50. The lowest was 11.27. And the median was 14.76.

TM's Shiller PE Ratio is ranked better than
68.03% of 854 companies
in the Vehicles & Parts industry
Industry Median: 19.84 vs TM: 12.50

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.

Toyota Motor's adjusted earnings per share data for the three months ended in Jun. 2026 was $7.507. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $14.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor  (NYSE:TM) 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.


Toyota Motor Shiller PE Ratio Related Terms


Toyota Motor Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Toyota Motor'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.

Toyota Motor Shiller PE Ratio Chart

Toyota Motor 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 15.67 11.91 20.42 12.25 13.78

Toyota Motor 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 11.51 12.96 14.79 13.78 11.39

TM vs TSLA, GM, F: Shiller PE Ratio Comparison

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Shiller PE Ratio distribution charts can be found below:

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


TM
71GF Score
Toyota Motor Corp TM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyota Motor 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.

Toyota Motor's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=189.18/14.78
=12.80

* 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.

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

For example, Toyota Motor'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)
=7.507/113.6000*113.6000
=7.507

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 2.526 98.000 2.928
201612 2.751 98.400 3.176
201703 2.336 98.100 2.705
201706 3.658 98.500 4.219
201709 2.760 98.800 3.173
201712 5.578 99.400 6.375
201803 3.064 99.200 3.509
201806 4.040 99.200 4.626
201809 3.572 99.900 4.062
201812 1.103 99.700 1.257
201903 2.868 99.700 3.268
201906 4.001 99.800 4.554
201909 3.480 100.100 3.949
201912 3.641 100.500 4.116
202003 2.191 100.300 2.482
202006 1.057 99.900 1.202
202009 3.158 99.900 3.591
202012 5.708 99.300 6.530
202103 5.052 99.900 5.745
202106 5.832 99.500 6.658
202109 4.086 100.100 4.637
202112 5.023 100.100 5.700
202203 3.270 101.100 3.674
202206 4.005 101.800 4.469
202209 2.214 103.100 2.439
202212 3.958 104.100 4.319
202303 3.044 104.400 3.312
202306 6.844 105.200 7.390
202309 6.393 106.200 6.838
202312 6.988 106.800 7.433
202403 4.944 107.200 5.239
202406 6.271 108.200 6.584
202409 3.019 108.900 3.149
202412 10.779 110.700 11.061
202503 3.462 111.100 3.540
202506 4.468 111.700 4.544
202509 4.836 112.000 4.905
202512 6.188 113.000 6.221
202603 3.951 112.700 3.983
202606 7.507 113.600 7.507

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 12.80 mean?
Toyota Motor (TM) has a Shiller PE Ratio of 12.80 as of Aug. 18, 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 Toyota Motor and its competitors. This is 13% below median its historical median of 14.76. Over the past decade, Toyota Motor's Shiller PE Ratio has ranged from 11.27 to 21.50. According to the industry distribution chart, Toyota Motor ranks #273 out of 854 companies in the Vehicles & Parts industry, placing it in the top 32%.
Is Toyota Motor's Shiller PE Ratio too high?
Toyota Motor's current Shiller PE Ratio of 12.80 is 13% below median its 10-year median of 14.76. Over the past 10 years, this metric has ranged from a low of 11.27 to a high of 21.50. The Vehicles & Parts industry median Shiller PE Ratio is 19.84. Toyota Motor's value of 12.80 is 35.5% below this industry median. Based on the distribution chart, Toyota Motor ranks #273 out of 854 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Toyota Motor has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's Shiller PE Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #273 out of 854 companies for Shiller PE Ratio. This puts Toyota Motor in the upper half of its industry. The industry median Shiller PE Ratio is 19.84. Toyota Motor's value of 12.80 is 35.5% below this benchmark. Historically, Toyota Motor's own Shiller PE Ratio has ranged from 11.27 to 21.50 over the past decade. While the company's 10-year median is 14.76 vs. the industry median of 19.84, Toyota Motor has consistently been below 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 Vehicles & Parts company?
The median Shiller PE Ratio among Vehicles & Parts companies is 19.84, based on 854 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. Toyota Motor's current Shiller PE Ratio of 12.80 is 35.5% below 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 Toyota Motor and its competitors. For the Vehicles & Parts industry, the median Shiller PE Ratio is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Motor's current Shiller PE Ratio is 12.80, which is 13% below median its own 10-year median of 14.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (TM) is currently considered Fairly Valued. The stock's GF Value™ is $206.09, compared to a current price of $189.18 — trading 8.2% below its estimated fair value. The current Shiller PE Ratio is 12.80, which is 13% below median its 10-year median of 14.76 and 35.5% below the Vehicles & Parts industry median of 19.84. Toyota Motor's overall GF Score™ is 71/100 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 Toyota Motor (TM), the current Shiller PE Ratio is 12.80 as of Aug. 18, 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 Toyota Motor (TM) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of $189.18 is trading 8.2% below its estimated GF Value™ of $206.09. GuruFocus considers Toyota Motor to be Fairly Valued.

Key valuation signals for TM:

  • Shiller PE Ratio: 12.80 (13% below median its 10-year median of 14.76)
  • GF Value™: $206.09 vs. price of $189.18 (8.2% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 35.5% below the Vehicles & Parts median (#273 of 854)

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


Toyota Motor Business Description

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
71GF Score

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

$189.18
Price
$206.09
GF Value