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

As of today, Air T Inc's current share price is $11.47. Air T Inc's E10 for the quarter that ended in Jun. 2014 was $1.00. Air T Inc's Shiller P/E Ratio for today is 11.50.

AIRT' s 10-Year Shiller P/E Ratio Range
Min: 5.38   Max: 107.75
Current: 11.5

5.38
107.75

During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 107.75. The lowest was 5.38. And the median was 10.95.

AIRT's Shiller P/E Ratiois ranked higher than
92% of the 1107 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 42.31 vs. AIRT: 11.50 )

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. 2014 was $0.030. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $1.00 for the trailing six years ended in Jun. 2014.


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
=11.47/1.00
=11.47

* 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 Mar14 is calculated as:

For example, Air T Inc's adjusted earnings per share data for the three months ended in Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=0.03/238.343*239.229
=0.030

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 239.229.

Air T Inc Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 0.0040.1700.0900.2600.1590.0600.1800.1900.1770.030
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.0040.1770.0930.2710.1630.0610.1840.1950.1790.030
200909200912201003201006201009201012201103201106201109201112
per share eps 0.3500.5100.2200.1200.2200.2400.2830.0700.2400.240
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.3880.5650.2420.1320.2410.2620.3030.0740.2530.254
200809200812200903200906
per share eps 0.5500.4000.3060.460
CPI 218.783210.228212.709215.693
Adj_EPS 0.6010.4550.3440.510

Add all the adjusted EPS together and divide 6 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

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
ShillerPE 48.7124.0014.5213.805.239.067.317.537.8111.19

Air T Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 7.537.026.746.747.818.639.5310.5911.1912.81
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