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FirstServiceTSX:FSV +0.32%80 Shiller PE Ratio is 94.68 as of Aug. 24, 2026, which is 49% below its 10-year median of 184.39. GuruFocus rates TSX:FSV with a GF Score™ of 80/100 and a GF Value™ of C$268.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,038 Real Estate companies, FirstService ranks worse than 95.18% on this metric.
As of today (2026-08-24), FirstService's current share price is C$199.78. FirstService's E10 for the quarter that ended in Jun. 2026 was C$2.11. FirstService's Shiller PE Ratio for today is 94.68.
The historical rank and industry rank for FirstService's Shiller PE Ratio or its related term are showing as below:
TSX:FSV'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 88.83 Med: 184.39 Max: 934.54
Current: 94.41
During the past years, FirstService's highest Shiller PE Ratio was 934.54. The lowest was 88.83. And the median was 184.39.
TSX:FSV's Shiller PE Ratio is ranked worse than 95.18% of 1038
companies
in the Real Estate industry
Industry Median: 11.76
vs TSX:FSV: 94.41
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.
FirstService's adjusted earnings per share data for the three months ended in Jun. 2026 was C$1.403. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$2.11 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
FirstService (TSX:FSV) 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.
FirstService Shiller PE Ratio Related Terms
FirstService Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for FirstService'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.
TSX:FSV vs CBRE, BEKE, JLL: Shiller PE Ratio Comparison
For the Real Estate Services subindustry, FirstService'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.
FirstService Shiller PE Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FirstService's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where FirstService'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.
FirstService's Shiller PE Ratio for today is calculated as
* 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.
FirstService's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, FirstService'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.
FirstService (TSX:FSV) has a Shiller PE Ratio of 94.68 as of Aug. 24, 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 FirstService and its competitors. This is 49% below median its historical median of 184.39. Over the past decade, FirstService's Shiller PE Ratio has ranged from 88.83 to 934.54. According to the industry distribution chart, FirstService ranks #988 out of 1038 companies in the Real Estate industry, placing it in the top 95.2%.
Is FirstService's Shiller PE Ratio too high?
FirstService's current Shiller PE Ratio of 94.68 is 49% below median its 10-year median of 184.39. Over the past 10 years, this metric has ranged from a low of 88.83 to a high of 934.54. The Real Estate industry median Shiller PE Ratio is 11.76. FirstService's value of 94.68 is 705.1% above this industry median. Based on the distribution chart, FirstService ranks #988 out of 1038 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, FirstService has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Shiller PE Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, FirstService ranks #988 out of 1038 companies for Shiller PE Ratio. This places FirstService in the lower half of its industry. The industry median Shiller PE Ratio is 11.76. FirstService's value of 94.68 is 705.1% above this benchmark. Historically, FirstService's own Shiller PE Ratio has ranged from 88.83 to 934.54 over the past decade. While the company's 10-year median is 184.39 vs. the industry median of 11.76, FirstService 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 Real Estate company?
The median Shiller PE Ratio among Real Estate companies is 11.76, based on 1,038 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. FirstService's current Shiller PE Ratio of 94.68 is 705.1% 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 FirstService and its competitors. For the Real Estate industry, the median Shiller PE Ratio is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstService's current Shiller PE Ratio is 94.68, which is 49% below median its own 10-year median of 184.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (TSX:FSV) is currently considered Modestly Undervalued. The stock's GF Value™ is C$268.47, compared to a current price of C$199.78 — trading 25.6% below its estimated fair value. The current Shiller PE Ratio is 94.68, which is 49% below median its 10-year median of 184.39 and 705.1% above the Real Estate industry median of 11.76. FirstService'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 FirstService (TSX:FSV), the current Shiller PE Ratio is 94.68 as of Aug. 24, 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 FirstService (TSX:FSV) Overvalued in 2026?
Based on GuruFocus' analysis, FirstService stock appears to be undervalued.
The current stock price of C$199.78 is trading 25.6% below its estimated GF Value™ of C$268.47.
GuruFocus considers FirstService to be Modestly Undervalued.
Key valuation signals for TSX:FSV:
Shiller PE Ratio: 94.68 (49% below median its 10-year median of 184.39)
GF Value™: C$268.47 vs. price of C$199.78 (25.6% below fair value)
Industry Position: 705.1% above the Real Estate median (#988 of 1038)
No single metric tells the full story. See the TSX:FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
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