DHL AG (XSWX:DHL) Shiller PE Ratio: 18.01 (As of Sep. 13, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:DHL DHL AG XSWX:DHL
80 GF Score
Price CHF52.60
GF Value CHF42.00
! 11 Warning Signs
View Full Analysis

What is DHL AG Shiller PE Ratio?

DHL AG XSWX:DHL 80 Shiller PE Ratio is 18.01 as of Sep. 13, 2026, which is 4% above its 10-year median of 17.39. GuruFocus rates XSWX:DHL with a GF Score™ of 80/100 and a GF Value™ of CHF42.00. The stock has 11 warning signs investors should review. Among 595 Transportation companies, DHL AG ranks better than 54.79% on this metric.

As of today (2026-09-13), DHL AG's current share price is CHF52.60. DHL AG's E10 for the quarter that ended in Jun. 2026 was CHF2.92. DHL AG's Shiller PE Ratio for today is 18.01.

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

XSWX:DHL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.38   Med: 17.39   Max: 30.75
Current: 16.95

During the past years, DHL AG's highest Shiller PE Ratio was 30.75. The lowest was 11.38. And the median was 17.39.

XSWX:DHL's Shiller PE Ratio is ranked better than
54.79% of 595 companies
in the Transportation industry
Industry Median: 18.49 vs XSWX:DHL: 16.95

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.

DHL AG's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF0.829. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF2.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DHL AG  (XSWX:DHL) 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.


DHL AG Shiller PE Ratio Related Terms


DHL AG Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for DHL AG'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.

DHL AG Shiller PE Ratio Chart

DHL AG 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 26.19 13.44 15.95 11.46 14.79

DHL AG 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 13.07 12.13 14.79 13.94 16.35

XSWX:DHL vs UPS, FDX, EXPD: Shiller PE Ratio Comparison

For the Integrated Freight & Logistics subindustry, DHL AG'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.


DHL AG Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, DHL AG's Shiller PE Ratio distribution charts can be found below:

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


XSWX:DHL
80GF Score
DHL AG XSWX:DHL
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DHL AG 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.

DHL AG's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=52.60/2.92
=18.01

* 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.

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

For example, DHL AG'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)
=0.829/131.3638*131.3638
=0.829

Current CPI (Jun. 2026) = 131.3638.

DHL AG Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.535 101.017 0.696
201612 0.720 101.217 0.934
201703 0.546 101.417 0.707
201706 0.533 102.117 0.686
201709 0.585 102.717 0.748
201712 0.748 102.617 0.958
201803 0.561 102.917 0.716
201806 0.474 104.017 0.599
201809 0.136 104.718 0.171
201812 0.733 104.217 0.924
201903 0.678 104.217 0.855
201906 0.402 105.718 0.500
201909 0.491 106.018 0.608
201912 0.742 105.818 0.921
202003 0.254 105.718 0.316
202006 0.450 106.618 0.554
202009 0.722 105.818 0.896
202012 1.113 105.518 1.386
202103 1.040 107.518 1.271
202106 1.116 108.486 1.351
202109 0.945 109.435 1.134
202112 1.228 110.384 1.461
202203 1.105 113.968 1.274
202206 1.200 115.760 1.362
202209 0.954 118.818 1.055
202212 1.076 119.345 1.184
202303 0.743 122.402 0.797
202306 0.780 123.140 0.832
202309 0.653 124.195 0.691
202312 0.764 123.773 0.811
202403 0.599 125.038 0.629
202406 0.606 125.882 0.632
202409 0.592 126.198 0.616
202412 0.868 127.041 0.898
202503 0.640 127.779 0.658
202506 0.657 128.412 0.672
202509 0.701 129.255 0.712
202512 0.840 129.361 0.853
202603 0.655 131.258 0.656
202606 0.829 131.364 0.829

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 18.01 mean?
DHL AG (XSWX:DHL) has a Shiller PE Ratio of 18.01 as of Sep. 13, 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 DHL AG and its competitors. This is near median its historical median of 17.39. Over the past decade, DHL AG's Shiller PE Ratio has ranged from 11.38 to 30.75. According to the industry distribution chart, DHL AG ranks #269 out of 595 companies in the Transportation industry, placing it in the top 45.2%.
Is DHL AG's Shiller PE Ratio too high?
DHL AG's current Shiller PE Ratio of 18.01 is near median its 10-year median of 17.39. Over the past 10 years, this metric has ranged from a low of 11.38 to a high of 30.75. The Transportation industry median Shiller PE Ratio is 18.49. DHL AG's value of 18.01 is 2.6% below this industry median. Based on the distribution chart, DHL AG ranks #269 out of 595 companies in the Transportation industry, which is above the industry midpoint. Overall, DHL AG has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does DHL AG's Shiller PE Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, DHL AG ranks #269 out of 595 companies for Shiller PE Ratio. This puts DHL AG in the upper half of its industry. The industry median Shiller PE Ratio is 18.49. DHL AG's value of 18.01 is 2.6% below this benchmark. Historically, DHL AG's own Shiller PE Ratio has ranged from 11.38 to 30.75 over the past decade. While the company's 10-year median is 17.39 vs. the industry median of 18.49, DHL AG 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 Transportation company?
The median Shiller PE Ratio among Transportation companies is 18.49, based on 595 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. DHL AG's current Shiller PE Ratio of 18.01 is 2.6% 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 DHL AG and its competitors. For the Transportation industry, the median Shiller PE Ratio is 18.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DHL AG's current Shiller PE Ratio is 18.01, which is near median its own 10-year median of 17.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHL AG stock overvalued right now?
DHL AG (XSWX:DHL) has a current Shiller PE Ratio of 18.01. The stock's GF Value™ is CHF42.00, compared to a current price of CHF52.60 — trading 25.2% above its estimated fair value. The current Shiller PE Ratio is 18.01, which is near median its 10-year median of 17.39 and 2.6% below the Transportation industry median of 18.49. DHL AG's overall GF Score™ is 80/100 with 11 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 DHL AG (XSWX:DHL), the current Shiller PE Ratio is 18.01 as of Sep. 13, 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 DHL AG (XSWX:DHL) Overvalued in 2026?

Based on GuruFocus' analysis, DHL AG stock appears to be overvalued. The current stock price of CHF52.60 is trading 25.2% above its estimated GF Value™ of CHF42.00.

Key valuation signals for XSWX:DHL:

  • Shiller PE Ratio: 18.01 (near median its 10-year median of 17.39)
  • GF Value™: CHF42.00 vs. price of CHF52.60 (25.2% above fair value)
  • GF Score™: 80/100 with 11 warning signs
  • Industry Position: 2.6% below the Transportation median (#269 of 595)

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


DHL AG Business Description

Address Platz der Deutschen Post, Bonn, NW, DEU, 53250
Based in Germany, DHL Group ranks among the three dominant integrated global parcel-shipping providers, along with US-based FedEx and UPS. It's also a leading global third-party logistics provider in terms of air and ocean forwarding and outsourced contract logistics markets touching Europe. The DHL divisions (Express, Global Forwarding & Freight, eCommerce Solutions, and Supply Chain) generate roughly 80% of consolidated revenue. Roughly 20% comes from the Post & Parcel Germany division, which includes the legacy German postal operations and the faster growing domestic package delivery business in Germany.
80GF Score

Get the complete analysis for XSWX:DHL

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

CHF52.60
Price
CHF42.00
GF Value