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Air Products & Chemicals Inc (NYSE:APD)
Shiller P/E Ratio
30.50 (As of Today)

As of today, Air Products & Chemicals Inc's current share price is $143.06. Air Products & Chemicals Inc's E10 for the quarter that ended in Mar. 2016 was $4.69. Air Products & Chemicals Inc's Shiller P/E Ratio for today is 30.50.

APD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.67   Max: 35.83
Current: 30.48

14.67
35.83

During the past 13 years, Air Products & Chemicals Inc's highest Shiller P/E Ratio was 35.83. The lowest was 14.67. And the median was 25.37.

APD's Shiller P/E Ratio is ranked lower than
53% of the 164 Companies
in the Global Chemicals industry.

( Industry Median: 28.97 vs. APD: 30.48 )

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 for the three months ended in Mar. 2016 was $-2.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.69 for the trailing ten years ended in Mar. 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 Products & Chemicals Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=143.06/4.69
=30.50

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Air Products & Chemicals Inc's E10 for the fiscal year that ended in Sep15 is calculated as:

For example, Air Products & Chemicals Inc's adjusted earnings per share data for the three months ended in Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=-2.19/238.132*238.132
=-2.190

Current CPI (Mar. 2016) = 238.132.

Air Products & Chemicals Inc Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 1.3501.3201.4600.4811.5001.3301.4701.5831.670-2.190
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 1.3791.3301.4590.4811.5211.3411.4671.5841.681-2.190
201106201109201112201203201206201209201212201303201306201309
per share eps 1.5001.5091.1601.3802.2600.6451.3101.3801.3600.642
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.5821.5841.2241.4332.3450.6641.3591.4121.3870.653
200812200903200906200909200912201003201006201009201012201103
per share eps 0.3200.9700.5301.1311.1601.1601.1701.2501.2301.390
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 0.3621.0860.5851.2471.2791.2691.2781.3631.3361.481
200606200609200612200703200706200709200712200803200806200809
per share eps 0.9200.5701.0301.0201.2801.3141.1901.4300.3201.205
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 1.0800.6691.2151.1831.4631.5011.3491.5950.3481.312

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 own currency.

Air Products & Chemicals Inc Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ShillerPE 26.5035.0722.6125.8723.9019.6019.6123.6527.5425.82

Air Products & Chemicals Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 24.7125.5026.9627.5430.7231.6328.0625.8226.2230.74
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