Lloyds Banking Group (XTER:LLD) Shiller PE Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XTER:LLD Lloyds Banking Group PLC XTER:LLD
60 GF Score
Price €1.29
GF Value €0.69
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Lloyds Banking Group Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lloyds Banking Group  (XTER:LLD) 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.


Lloyds Banking Group Shiller PE Ratio Related Terms


Lloyds Banking Group Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Lloyds Banking Group'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.

Lloyds Banking Group Shiller PE Ratio Chart

Lloyds Banking Group 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 19.86 13.54 10.45 10.92 16.77

Lloyds Banking Group 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 14.92 15.93 16.77 15.44 18.73

Lloyds Banking Group Shiller PE Ratio Competitor Comparison

For the Banks - Regional subindustry, Lloyds Banking Group'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.


Lloyds Banking Group Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Lloyds Banking Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Lloyds Banking Group's Shiller PE Ratio falls into.


XTER:LLD
60GF Score
Lloyds Banking Group PLC XTER:LLD
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lloyds Banking Group 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.

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

For example, Lloyds Banking Group'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)
=0.0275/142.3000*142.3000
=0.028

Current CPI (Jun. 2026) = 142.3000.

Lloyds Banking Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201603 0.008 100.400 0.011
201609 0.005 101.500 0.007
201703 102.700 0.000
201706 103.500 0.000
201709 104.300 0.000
201712 0.005 105.000 0.007
201803 105.100 0.000
201806 105.900 0.000
201809 106.600 0.000
201812 0.012 107.100 0.016
201903 107.000 0.000
201906 107.900 0.000
201909 -0.004 108.400 -0.005
201912 108.500 0.000
202003 108.600 0.000
202006 -0.007 108.800 -0.010
202009 109.200 0.000
202012 109.400 0.000
202103 109.700 0.000
202106 111.400 0.000
202109 112.400 0.000
202112 114.700 0.000
202203 116.500 0.000
202206 120.500 0.000
202209 0.009 122.300 0.010
202212 125.300 0.000
202303 126.800 0.000
202306 0.018 129.400 0.020
202309 0.023 130.100 0.025
202312 130.500 0.000
202403 0.020 131.600 0.021
202406 0.020 133.000 0.021
202409 133.500 0.000
202412 0.011 135.100 0.012
202503 0.020 136.100 0.021
202506 0.024 138.400 0.025
202509 0.012 138.900 0.012
202512 0.025 139.900 0.026
202603 0.028 140.800 0.028
202606 0.028 142.300 0.028

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 Lloyds Banking Group (XTER:LLD) Overvalued in 2026?

Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued. The current stock price of €1.29 is trading 86.7% above its estimated GF Value™ of €0.69. GuruFocus considers Lloyds Banking Group to be Significantly Overvalued.

Key valuation signals for XTER:LLD:

  • Shiller PE Ratio:
  • GF Value™: €0.69 vs. price of €1.29 (86.7% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Lloyds Banking Group Business Description

Address 33 Old Broad Street, London, GBR, EC2N 1HZ
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
60GF Score

Get the complete analysis for XTER:LLD

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

€1.29
Price
€0.69
GF Value