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

As of today, Air T Inc's current share price is $24.00. Air T Inc's E10 for the quarter that ended in Dec. 2015 was $1.31. Air T Inc's Shiller P/E Ratio for today is 18.32.

AIRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.82   Max: 27.76
Current: 18.38

7.82
27.76

During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 27.76. The lowest was 7.82. And the median was 11.38.

AIRT's Shiller P/E Ratio is ranked higher than
50% of the 197 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 19.08 vs. AIRT: 18.38 )

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 Dec. 2015 was $1.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.31 for the trailing ten years ended in Dec. 2015.


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
=24.00/1.31
=18.32

* 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 Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=1.24/236.525*236.525
=1.240

Current CPI (Dec. 2015) = 236.525.

Air T Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.1800.1900.1770.0300.7700.610-0.361-0.3101.5801.240
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.1820.1930.1770.0300.7650.614-0.362-0.3071.5711.240
201103201106201109201112201203201206201209201212201303201306
per share eps 0.2830.0700.2400.2400.0040.1700.0900.2600.1590.060
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.3000.0730.2500.2520.0040.1750.0920.2680.1620.061
200809200812200903200906200909200912201003201006201009201012
per share eps 0.5500.4000.3060.4600.3500.5100.2200.1200.2200.240
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 0.5950.4500.3400.5040.3830.5590.2390.1300.2380.259
200603200606200609200612200703200706200709200712200803200806
per share eps 0.3140.2700.1400.1100.4190.2500.2200.3800.5440.550
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.3720.3150.1630.1290.4830.2840.2500.4280.6030.595

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 own currency.

Air T Inc Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
ShillerPE 25.0615.8717.027.7712.839.989.898.6310.9722.16

Air T Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 10.2110.8810.9711.9111.3922.0522.1619.4414.5418.74
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