Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Northland PowerTSX:NPI -2.43%75 Shiller PE Ratio is 16.03 as of Aug. 28, 2026, which is 46% below its 10-year median of 29.46. GuruFocus rates TSX:NPI with a GF Score™ of 75/100 and a GF Value™ of C$23.29 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 205 Utilities - Independent Power Producers companies, Northland Power ranks worse than 53.17% on this metric.
As of today (2026-08-28), Northland Power's current share price is C$20.84. Northland Power's E10 for the quarter that ended in Jun. 2026 was C$1.30. Northland Power's Shiller PE Ratio for today is 16.03.
The historical rank and industry rank for Northland Power's Shiller PE Ratio or its related term are showing as below:
TSX:NPI'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.21 Med: 29.46 Max: 869.33
Current: 16.47
During the past years, Northland Power's highest Shiller PE Ratio was 869.33. The lowest was 13.21. And the median was 29.46.
TSX:NPI's Shiller PE Ratio is ranked worse than 53.17% of 205
companies
in the Utilities - Independent Power Producers industry
Industry Median: 15.27
vs TSX:NPI: 16.47
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Northland Power's adjusted earnings per share data for the three months ended in Jun. 2026 was C$-0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$1.30 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Northland Power (TSX:NPI) 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.
Northland Power Shiller PE Ratio Related Terms
Northland Power Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Northland Power'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.
Northland Power Shiller PE Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Northland Power'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.
Northland Power Shiller PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Northland Power'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.
Northland Power'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.
Northland Power's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Northland Power'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.
Northland Power (TSX:NPI) has a Shiller PE Ratio of 16.03 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 Northland Power and its competitors. This is 46% below median its historical median of 29.46. Over the past decade, Northland Power's Shiller PE Ratio has ranged from 13.21 to 869.33. According to the industry distribution chart, Northland Power ranks #109 out of 205 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.2%.
Is Northland Power's Shiller PE Ratio too high?
Northland Power's current Shiller PE Ratio of 16.03 is 46% below median its 10-year median of 29.46. Over the past 10 years, this metric has ranged from a low of 13.21 to a high of 869.33. The Utilities - Independent Power Producers industry median Shiller PE Ratio is 15.27. Northland Power's value of 16.03 is 5% above this industry median. Based on the distribution chart, Northland Power ranks #109 out of 205 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Northland Power has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Shiller PE Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #109 out of 205 companies for Shiller PE Ratio. This places Northland Power in the lower half of its industry. The industry median Shiller PE Ratio is 15.27. Northland Power's value of 16.03 is 5% above this benchmark. Historically, Northland Power's own Shiller PE Ratio has ranged from 13.21 to 869.33 over the past decade. While the company's 10-year median is 29.46 vs. the industry median of 15.27, Northland Power 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 an Utilities - Independent Power Producers company?
The median Shiller PE Ratio among Utilities - Independent Power Producers companies is 15.27, based on 205 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. Northland Power's current Shiller PE Ratio of 16.03 is 5% 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 Northland Power and its competitors. For the Utilities - Independent Power Producers industry, the median Shiller PE Ratio is 15.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current Shiller PE Ratio is 16.03, which is 46% below median its own 10-year median of 29.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Modestly Undervalued. The stock's GF Value™ is C$23.29, compared to a current price of C$20.84 — trading 10.5% below its estimated fair value. The current Shiller PE Ratio is 16.03, which is 46% below median its 10-year median of 29.46 and 5% above the Utilities - Independent Power Producers industry median of 15.27. Northland Power's overall GF Score™ is 75/100 with 6 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 Northland Power (TSX:NPI), the current Shiller PE Ratio is 16.03 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 Northland Power (TSX:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of C$20.84 is trading 10.5% below its estimated GF Value™ of C$23.29.
GuruFocus considers Northland Power to be Modestly Undervalued.
Key valuation signals for TSX:NPI:
Shiller PE Ratio: 16.03 (46% below median its 10-year median of 29.46)
GF Value™: C$23.29 vs. price of C$20.84 (10.5% below fair value)
Industry Position: 5% above the Utilities - Independent Power Producers median (#109 of 205)
No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
75GF Score
Get the complete analysis for TSX:NPI
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:NPI has been successfully added to your 
