The Home Depot (XSWX:HD) Shiller PE Ratio: 21.51 (As of Sep. 06, 2026) — 43% Below 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:HD The Home Depot Inc XSWX:HD
82 GF Score
Price CHF258.30
GF Value CHF310.57
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is The Home Depot Shiller PE Ratio?

The Home Depot XSWX:HD 82 Shiller PE Ratio is 21.51 as of Sep. 06, 2026, which is 43% below its 10-year median of 37.62. GuruFocus rates XSWX:HD with a GF Score™ of 82/100 and a GF Value™ of CHF310.57 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 583 Retail - Cyclical companies, The Home Depot ranks worse than 57.63% on this metric.

As of today (2026-09-06), The Home Depot's current share price is CHF258.30. The Home Depot's E10 for the quarter that ended in Jul. 2026 was CHF12.01. The Home Depot's Shiller PE Ratio for today is 21.51.

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

XSWX:HD' s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.38   Med: 37.62   Max: 53.27
Current: 21.62

During the past years, The Home Depot's highest Shiller PE Ratio was 53.27. The lowest was 20.38. And the median was 37.62.

XSWX:HD's Shiller PE Ratio is ranked worse than
57.63% of 583 companies
in the Retail - Cyclical industry
Industry Median: 17.66 vs XSWX:HD: 21.62

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.

The Home Depot's adjusted earnings per share data for the three months ended in Jul. 2026 was CHF3.882. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF12.01 for the trailing ten years ended in Jul. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Home Depot  (XSWX:HD) 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.


The Home Depot Shiller PE Ratio Related Terms


The Home Depot Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for The Home Depot'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.

The Home Depot Shiller PE Ratio Chart

The Home Depot Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.17 30.70 29.63 31.36 26.50

The Home Depot Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 26.69 27.08 26.50 22.51 22.36

XSWX:HD vs LOW, FND, HVT: Shiller PE Ratio Comparison

For the Home Improvement Retail subindustry, The Home Depot'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.


The Home Depot Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Home Depot's Shiller PE Ratio distribution charts can be found below:

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


XSWX:HD
82GF Score
The Home Depot Inc XSWX:HD
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Home Depot 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.

The Home Depot's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=258.30/12.01
=21.51

* 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.

The Home Depot's E10 for the quarter that ended in Jul. 2026 is calculated as:

For example, The Home Depot's adjusted earnings per share data for the three months ended in Jul. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=3.882/333.9180*333.9180
=3.882

Current CPI (Jul. 2026) = 333.9180.

The Home Depot Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201610 1.580 241.729 2.183
201701 1.451 242.839 1.995
201704 1.672 244.524 2.283
201707 2.161 244.786 2.948
201710 1.807 246.663 2.446
201801 1.460 247.867 1.967
201804 2.015 250.546 2.686
201807 3.034 252.006 4.020
201810 2.495 252.885 3.294
201901 2.068 251.712 2.743
201904 2.289 255.548 2.991
201907 3.132 256.571 4.076
201910 2.512 257.346 3.259
202001 2.211 257.971 2.862
202004 2.018 256.389 2.628
202007 3.749 259.101 4.832
202010 2.901 260.388 3.720
202101 2.349 261.582 2.999
202104 3.558 267.054 4.449
202107 4.156 273.003 5.083
202110 3.617 276.589 4.367
202201 2.950 281.148 3.504
202204 3.865 289.109 4.464
202207 4.899 296.276 5.521
202210 4.218 298.012 4.726
202301 3.050 299.170 3.404
202304 3.432 303.363 3.778
202307 4.056 305.691 4.431
202310 3.442 307.671 3.736
202401 2.423 308.417 2.623
202404 3.303 313.548 3.518
202407 4.102 314.540 4.355
202410 3.161 315.664 3.344
202501 2.747 317.671 2.887
202504 2.876 320.795 2.994
202507 3.659 323.048 3.782
202510 2.887 0.000
202601 2.037 325.252 2.091
202604 2.599 333.020 2.606
202607 3.882 333.918 3.882

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 21.51 mean?
The Home Depot (XSWX:HD) has a Shiller PE Ratio of 21.51 as of Sep. 06, 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 The Home Depot and its competitors. This is 43% below median its historical median of 37.62. Over the past decade, The Home Depot's Shiller PE Ratio has ranged from 20.38 to 53.27. According to the industry distribution chart, The Home Depot ranks #336 out of 583 companies in the Retail - Cyclical industry, placing it in the top 57.6%.
Is The Home Depot's Shiller PE Ratio too high?
The Home Depot's current Shiller PE Ratio of 21.51 is 43% below median its 10-year median of 37.62. Over the past 10 years, this metric has ranged from a low of 20.38 to a high of 53.27. The Retail - Cyclical industry median Shiller PE Ratio is 17.66. The Home Depot's value of 21.51 is 21.8% above this industry median. Based on the distribution chart, The Home Depot ranks #336 out of 583 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, The Home Depot has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Home Depot's Shiller PE Ratio compare to LOW and FND?
According to the Retail - Cyclical industry distribution chart, The Home Depot ranks #336 out of 583 companies for Shiller PE Ratio. This places The Home Depot in the lower half of its industry. The industry median Shiller PE Ratio is 17.66. The Home Depot's value of 21.51 is 21.8% above this benchmark. Historically, The Home Depot's own Shiller PE Ratio has ranged from 20.38 to 53.27 over the past decade. While the company's 10-year median is 37.62 vs. the industry median of 17.66, The Home Depot 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 Retail - Cyclical company?
The median Shiller PE Ratio among Retail - Cyclical companies is 17.66, based on 583 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. The Home Depot's current Shiller PE Ratio of 21.51 is 21.8% 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 The Home Depot and its competitors. For the Retail - Cyclical industry, the median Shiller PE Ratio is 17.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Home Depot's current Shiller PE Ratio is 21.51, which is 43% below median its own 10-year median of 37.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Home Depot stock overvalued right now?
Based on GuruFocus' analysis, The Home Depot (XSWX:HD) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF310.57, compared to a current price of CHF258.30 — trading 16.8% below its estimated fair value. The current Shiller PE Ratio is 21.51, which is 43% below median its 10-year median of 37.62 and 21.8% above the Retail - Cyclical industry median of 17.66. The Home Depot's overall GF Score™ is 82/100 with 4 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 The Home Depot (XSWX:HD), the current Shiller PE Ratio is 21.51 as of Sep. 06, 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 The Home Depot (XSWX:HD) Overvalued in 2026?

Based on GuruFocus' analysis, The Home Depot stock appears to be undervalued. The current stock price of CHF258.30 is trading 16.8% below its estimated GF Value™ of CHF310.57. GuruFocus considers The Home Depot to be Modestly Undervalued.

Key valuation signals for XSWX:HD:

  • Shiller PE Ratio: 21.51 (43% below median its 10-year median of 37.62)
  • GF Value™: CHF310.57 vs. price of CHF258.30 (16.8% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 21.8% above the Retail - Cyclical median (#336 of 583)

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


The Home Depot Business Description

Address 2455 Paces Ferry Road, Atlanta, GA, USA, 30339
Home Depot is the world's largest home improvement specialty retailer, operating 2,361 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico. Its stores offer building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The 2024 tie-up with SRS will help grow professional demand in roofing, pool, and landscaping projects, while the 2025 purchase of GMS will lift building product sales through 1,250 distribution locations.
82GF Score

Get the complete analysis for XSWX:HD

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

CHF258.30
Price
CHF310.57
GF Value