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

As of today, Air T Inc's current share price is $21.80. Air T Inc's E10 for the quarter that ended in Sep. 2015 was $1.22. Air T Inc's Shiller P/E Ratio for today is 17.87.

AIRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.82   Max: 27.76
Current: 17.86


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 11.31.

AIRT's Shiller P/E Ratio is ranked higher than
53% of the 251 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 18.43 vs. AIRT: 17.86 )

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 Sep. 2015 was $1.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.22 for the trailing ten years ended in Sep. 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 Sep. 2015 was:

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

Current CPI (Sep. 2015) = 237.945.

Air T Inc Quarterly Data

per share eps 0.0600.1800.1900.1770.0300.7700.610-0.361-0.3101.580
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.0610.1830.1940.1780.0300.7700.618-0.364-0.3091.580
per share eps 0.2400.2830.0700.2400.2400.0040.1700.0900.2600.159
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.2610.3010.0740.2520.2530.0040.1760.0930.2690.163
per share eps 0.5500.5500.4000.3060.4600.3500.5100.2200.1200.220
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.5980.5980.4530.3420.5070.3860.5620.2410.1310.240
per share eps 0.2500.3140.2700.1400.1100.4190.2500.2200.3800.544
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.3020.3740.3170.1640.1300.4860.2860.2510.4300.606

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 24.9815.9516.967.8112.7810.039.938.5811.0122.25

Air T Inc Quarterly Data

ShillerPE 9.3810.2510.8111.0111.9511.4321.9122.2519.5114.59
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership