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

As of today, Air T Inc's current share price is $18.70. Air T Inc's E10 for the quarter that ended in Jun. 2016 was $1.08. Air T Inc's Shiller P/E Ratio for today is 17.31.

AIRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.66   Max: 23.51
Current: 17.27


During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 23.51. The lowest was 7.66. And the median was 11.12.

AIRT's Shiller P/E Ratio is ranked higher than
55% of the 207 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 19.26 vs. AIRT: 17.27 )

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. 2016 was $-1.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.08 for the trailing ten years ended in Jun. 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.

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 Mar16 is calculated as:

For example, Air T Inc's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)

Current CPI (Jun. 2016) = 241.038.

Air T Inc Quarterly Data

per share eps 0.1700.0300.7700.610-0.370-0.3101.5801.240-0.460-1.550
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.1730.0300.7800.626-0.378-0.3131.6011.264-0.466-1.550
per share eps 0.2400.2400.0000.1700.0900.2600.1600.0600.1800.190
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.2550.2560.0000.1790.0940.2730.1660.0620.1850.197
per share eps 0.3100.4600.3500.5100.2200.1200.2200.2400.2900.070
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.3510.5140.3910.5690.2440.1330.2430.2640.3130.075
per share eps 0.1400.1100.4200.2500.2200.3800.5500.5500.5500.400
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.1660.1310.4930.2890.2540.4360.6210.6060.6060.459

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 15.5816.707.6212.479.770.008.3710.7521.7219.15

Air T Inc Quarterly Data

ShillerPE 10.7511.6711.1521.3921.7219.0614.2518.3519.1519.86
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