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

As of today, Air T Inc's current share price is $18.00. Air T Inc's E10 for the quarter that ended in Sep. 2016 was $1.13. Air T Inc's Shiller P/E Ratio for today is 15.93.

AIRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.66   Max: 23.3
Current: 15.36

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: 15.36 )

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. 2016 was $0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.13 for the trailing ten years ended in Sep. 2016.


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
=18.00/1.13
=15.93

* 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 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 Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.52/241.428*241.428
=0.520

Current CPI (Sep. 2016) = 241.428.

Air T Inc Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.0300.7700.610-0.370-0.3101.5801.240-0.460-1.5500.520
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.0300.7810.627-0.378-0.3141.6031.266-0.466-1.5530.520
201112201203201206201209201212201303201306201309201312201403
per share eps 0.2400.0000.1700.0900.2600.1600.0600.1800.1900.170
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.2570.0000.1790.0940.2730.1660.0620.1860.1970.174
200906200909200912201003201006201009201012201103201106201109
per share eps 0.4600.3500.5100.2200.1200.2200.2400.2900.0700.240
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.5150.3910.5700.2440.1330.2430.2640.3130.0750.255
200612200703200706200709200712200803200806200809200812200903
per share eps 0.1100.4200.2500.2200.3800.5500.5500.5500.4000.310
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 0.1320.4940.2900.2550.4370.6220.6070.6070.4590.352

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 Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 11.5911.1921.4421.5718.9114.2818.2219.2019.7018.11
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