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Air T Inc (NAS:AIRT)
Shiller P/E Ratio
16.14 (As of Today)

As of today, Air T Inc's current share price is $20.34. Air T Inc's E10 for the quarter that ended in Sep. 2016 was $1.26. Air T Inc's Shiller P/E Ratio for today is 16.14.

AIRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.66   Max: 23.3
Current: 17.35

7.66
23.3

During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 23.30. The lowest was 7.66. And the median was 11.09.

AIRT's Shiller P/E Ratio is ranked higher than
59% of the 213 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 20.45 vs. AIRT: 17.35 )

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.

Air T Inc's adjusted earnings per share data of for the fiscal year that ended in Mar16 was $2.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.26 for the trailing ten years ended in Mar16.


Definition

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.

Air T Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=20.34/1.26
=16.14

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Air T Inc's E10 for the quarter that ended in Sep. 2016 is calculated as:

For example, Air T Inc's adjusted earnings per share data for the fiscal year that ended in Mar16 was:

Adj_EPS=Earnigns per Share/CPI of Mar16 (Change)*Current CPI (Mar16)
=2.06/238.132*238.132
=2.060

Current CPI (Mar16) = 238.132.

Air T Inc Annual Data

200703200803200903201003201103201203201303201403201503201603
per share eps 0.9401.4001.8101.5400.8700.5500.6800.6001.0402.060
CPI 205.352213.528212.709217.631223.467229.392232.773236.293236.119238.132
Adj_EPS 1.0901.5612.0261.6850.9270.5710.6960.6051.0492.060

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

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.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Air T Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
ShillerPE 15.6116.097.6312.499.710.008.3910.6821.5719.20

Air T Inc Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 11.5911.1921.4421.5718.9114.2818.2219.2019.7018.11
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