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

As of today, Air T Inc's current share price is $16.60. Air T Inc's E10 for the quarter that ended in Jun. 2015 was $1.07. Air T Inc's Shiller P/E Ratio for today is 15.51.

AIRT' s 10-Year Shiller P/E Ratio Range
Min: 7.82   Max: 36.45
Current: 15.48


During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 36.45. The lowest was 7.82. And the median was 11.32.

AIRT's Shiller P/E Ratiois ranked higher than
64% of the 184 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 19.83 vs. AIRT: 15.48 )

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 for the three months ended in Jun. 2015 was $-0.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.07 for the trailing ten years ended in Jun. 2015.


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

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Air T Inc's E10 for the fiscal year that ended in Mar15 is calculated as:

For example, Air T Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)

Current CPI (Jun. 2015) = 238.638.

Air T Inc Quarterly Data

per share eps 0.1590.0600.1800.1900.1770.0300.7700.610-0.361-0.310
CPI 232.773233.504234.149233.049236.293238.343238.031234.812236.119238.638
Adj_EPS 0.1630.0610.1830.1950.1790.0300.7720.620-0.365-0.310
per share eps 0.2200.2400.2830.0700.2400.2400.0040.1700.0900.260
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS 0.2400.2610.3020.0740.2520.2540.0040.1770.0930.270
per share eps 0.5440.5500.5500.4000.3060.4600.3500.5100.2200.120
CPI 213.528218.815218.783210.228212.709215.693215.969215.949217.631217.965
Adj_EPS 0.6080.6000.6000.4540.3430.5090.3870.5640.2410.131
per share eps 0.1000.2500.3140.2700.1400.1100.4190.2500.2200.380
CPI 198.800196.800199.800202.900202.900201.800205.352208.352208.490210.036
Adj_EPS 0.1200.3030.3750.3180.1650.1300.4870.2860.2520.432

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.

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 own currency.

Air T Inc Annual Data

ShillerPE 24.9315.9316.967.8112.7810.039.948.5911.0322.27

Air T Inc Quarterly Data

ShillerPE 8.599.3910.2610.8311.0311.9711.4421.9422.2719.54
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