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As of today, Alcoa Inc's current share price is $9.42. Alcoa Inc's E10 for the quarter that ended in Mar. 2016 was $0.27. Alcoa Inc's Shiller P/E Ratio for today is 34.89.
During the past 13 years, Alcoa Inc's highest Shiller P/E Ratio was 41.37. The lowest was 3.50. And the median was 15.07.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Alcoa Inc's adjusted earnings per share data for the three months ended in Mar. 2016 was $0.012. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.27 for the trailing ten years ended in Mar. 2016.
For the Shiller P/E, 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 P/E is also called PE10.
The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Alcoa Inc's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
Alcoa Inc's E10 for the fiscal year that ended in Dec15 is calculated as:
For example, Alcoa Inc's adjusted earnings per share data for the three months ended in Mar. 2016 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Mar. 2016 (Change)||*||Current CPI (Mar. 2016)|
Current CPI (Mar. 2016) = 238.132.
Alcoa Inc Quarterly Data
|per share eps||-2.182||-0.160||0.120||0.120||0.115||0.140||0.100||0.020||-0.547||0.012|
|per share eps||0.280||0.150||-0.180||0.090||0.000||-0.130||0.219||0.130||-0.110||0.020|
|per share eps||-1.492||-0.610||-0.470||0.080||-0.284||-0.200||0.130||0.060||0.250||0.270|
|per share eps||0.850||0.610||0.408||0.750||0.810||0.630||0.749||0.370||0.660||0.330|
Add all the adjusted EPS together and divide 10 will get our E10.
Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.
Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
Alcoa Inc Annual Data
Alcoa Inc Quarterly Data