A multiplier circuit for multiplying first and second binary values includes a first logic circuit, a priority encoder, a shifter circuit, and an accumulator. The first logic circuit receives the first binary value and a multiplier modifier, and modifies the first binary value based on the multiplier modifier. The multiplier modifier is generated by the priority encoder. The priority encoder also generates a position binary value indicating the position of a most significant set bit in the modified first binary value. The shifter circuit receives the position binary value from the priority encoder and the second binary value and generates an intermediate result. The accumulator accumulates one or more of the intermediate results and generates a final product that is a product of the first and second binary values.