Cameco (XSWX:CCJ) Shiller PE Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XSWX:CCJ Cameco Corp XSWX:CCJ
83 GF Score
Price CHF79.60
GF Value CHF54.50
! 4 Warning Signs
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What is Cameco Shiller PE Ratio?

Note: If the price history is too short, we do not calculate current Shiller PE for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cameco  (XSWX:CCJ) 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.


Cameco Shiller PE Ratio Related Terms


Cameco Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Shiller PE Ratio Chart

Cameco 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 141.63 206.21 432.00 654.91 532.27

Cameco 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 563.86 0.00 532.27 621.33 483.56

XSWX:CCJ vs UEC, LEU: Shiller PE Ratio Comparison

For the Uranium subindustry, Cameco'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.


Cameco Shiller PE Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Shiller PE Ratio distribution charts can be found below:

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


XSWX:CCJ
83GF Score
Cameco Corp XSWX:CCJ
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cameco 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.

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

For example, Cameco'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)
=0.034/133.5265*133.5265
=0.034

Current CPI (Jun. 2026) = 133.5265.

Cameco Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.267 101.765 0.350
201612 -0.283 101.449 -0.372
201703 -0.037 102.634 -0.048
201706 -0.003 103.029 -0.004
201709 -0.243 103.345 -0.314
201712 -0.124 103.345 -0.160
201803 0.103 105.004 0.131
201806 -0.143 105.557 -0.181
201809 0.052 105.636 0.066
201812 0.295 105.399 0.374
201903 -0.037 106.979 -0.046
201906 -0.045 107.690 -0.056
201909 -0.022 107.611 -0.027
201912 0.246 107.769 0.305
202003 -0.034 107.927 -0.042
202006 -0.091 108.401 -0.112
202009 -0.104 108.164 -0.128
202012 0.146 108.559 0.180
202103 -0.007 110.298 -0.008
202106 -0.067 111.720 -0.080
202109 -0.131 112.905 -0.155
202112 0.022 113.774 0.026
202203 0.073 117.646 0.083
202206 0.159 120.806 0.176
202209 -0.036 120.648 -0.040
202212 -0.027 120.964 -0.030
202303 0.183 122.702 0.199
202306 0.020 124.203 0.022
202309 0.226 125.230 0.241
202312 0.116 125.072 0.124
202403 -0.013 126.258 -0.014
202406 0.052 127.522 0.054
202409 0.013 127.285 0.014
202412 0.194 127.364 0.203
202503 0.098 129.181 0.101
202506 0.440 129.892 0.452
202509 0.000 130.287 0.000
202512 0.260 130.366 0.266
202603 0.172 132.262 0.174
202606 0.034 133.527 0.034

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.

Is Cameco (XSWX:CCJ) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of CHF79.60 is trading 46.1% above its estimated GF Value™ of CHF54.50.

Key valuation signals for XSWX:CCJ:

  • Shiller PE Ratio:
  • GF Value™: CHF54.50 vs. price of CHF79.60 (46.1% above fair value)
  • GF Score™: 83/100 with 4 warning signs

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


Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
83GF Score

Get the complete analysis for XSWX:CCJ

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

CHF79.60
Price
CHF54.50
GF Value