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Tomra Systems ASATMRAY +0.04%91 Shiller PE Ratio is 33.83 as of Aug. 28, 2026, which is 51% below its 10-year median of 68.42. GuruFocus rates TMRAY with a GF Score™ of 91/100 and a GF Value™ of $15.61 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 110 Waste Management companies, Tomra Systems ASA ranks worse than 70% on this metric.
The historical rank and industry rank for Tomra Systems ASA's Shiller PE Ratio or its related term are showing as below:
TMRAY'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 26.32 Med: 68.42 Max: 144.46
Current: 31.16
During the past years, Tomra Systems ASA's highest Shiller PE Ratio was 144.46. The lowest was 26.32. And the median was 68.42.
TMRAY's Shiller PE Ratio is ranked worse than 70% of 110
companies
in the Waste Management industry
Industry Median: 20.395
vs TMRAY: 31.16
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.
Tomra Systems ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.115. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.35 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA Shiller PE Ratio Related Terms
Tomra Systems ASA Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA'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.
TMRAY vs WM, RSG, WCN: Shiller PE Ratio Comparison
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Shiller PE Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Shiller PE Ratio falls into.
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.
Tomra Systems ASA's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Tomra Systems ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was:
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.
Tomra Systems ASA (TMRAY) has a Shiller PE Ratio of 33.83 as of Aug. 28, 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 Tomra Systems ASA and its competitors. This is 51% below median its historical median of 68.42. Over the past decade, Tomra Systems ASA's Shiller PE Ratio has ranged from 26.32 to 144.46. According to the industry distribution chart, Tomra Systems ASA ranks #77 out of 110 companies in the Waste Management industry, placing it in the top 70%.
Is Tomra Systems ASA's Shiller PE Ratio too high?
Tomra Systems ASA's current Shiller PE Ratio of 33.83 is 51% below median its 10-year median of 68.42. Over the past 10 years, this metric has ranged from a low of 26.32 to a high of 144.46. The Waste Management industry median Shiller PE Ratio is 20.40. Tomra Systems ASA's value of 33.83 is 65.9% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #77 out of 110 companies in the Waste Management industry, which is below the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Shiller PE Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #77 out of 110 companies for Shiller PE Ratio. This places Tomra Systems ASA in the lower half of its industry. The industry median Shiller PE Ratio is 20.40. Tomra Systems ASA's value of 33.83 is 65.9% above this benchmark. Historically, Tomra Systems ASA's own Shiller PE Ratio has ranged from 26.32 to 144.46 over the past decade. While the company's 10-year median is 68.42 vs. the industry median of 20.40, Tomra Systems ASA 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 Waste Management company?
The median Shiller PE Ratio among Waste Management companies is 20.40, based on 110 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. Tomra Systems ASA's current Shiller PE Ratio of 33.83 is 65.9% 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 Tomra Systems ASA and its competitors. For the Waste Management industry, the median Shiller PE Ratio is 20.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Shiller PE Ratio is 33.83, which is 51% below median its own 10-year median of 68.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.61, compared to a current price of $11.84 — trading 24.2% below its estimated fair value. The current Shiller PE Ratio is 33.83, which is 51% below median its 10-year median of 68.42 and 65.9% above the Waste Management industry median of 20.40. Tomra Systems ASA's overall GF Score™ is 91/100 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 Tomra Systems ASA (TMRAY), the current Shiller PE Ratio is 33.83 as of Aug. 28, 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $11.84 is trading 24.2% below its estimated GF Value™ of $15.61.
GuruFocus considers Tomra Systems ASA to be Modestly Undervalued.
Key valuation signals for TMRAY:
Shiller PE Ratio: 33.83 (51% below median its 10-year median of 68.42)
GF Value™: $15.61 vs. price of $11.84 (24.2% below fair value)
Industry Position: 65.9% above the Waste Management median (#77 of 110)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
91GF Score
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