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As of today, Air Products & Chemicals Inc's current share price is $149.06. Air Products & Chemicals Inc's E10 for the quarter that ended in Sep. 2016 was $4.90. Air Products & Chemicals Inc's Shiller P/E Ratio for today is 30.42.
During the past 13 years, Air Products & Chemicals Inc's highest Shiller P/E Ratio was 42.19. The lowest was 17.33. And the median was 27.59.
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 Products & Chemicals Inc's adjusted earnings per share data of for the fiscal year that ended in Sep16 was $2.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.90 for the trailing ten years ended in Sep16.
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 Products & Chemicals Inc's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
Air Products & Chemicals Inc's E10 for the quarter that ended in Sep. 2016 is calculated as:
For example, Air Products & Chemicals Inc's adjusted earnings per share data for the fiscal year that ended in Sep16 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Sep16 (Change)||*||Current CPI (Sep16)|
Current CPI (Sep16) = 241.428.
Air Products & Chemicals Inc Annual Data
|per share eps||4.640||4.150||2.960||4.740||5.630||5.440||4.680||4.610||5.880||2.890|
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
Air Products & Chemicals Inc Annual Data
Air Products & Chemicals Inc Semi-Annual Data
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