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

As of today, Air Products & Chemicals Inc's current share price is $145.47. Air Products & Chemicals Inc's E10 for the quarter that ended in Sep. 2016 was $4.89. Air Products & Chemicals Inc's Shiller P/E Ratio for today is 29.75.

APD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 17.19   Max: 42.38
Current: 29.6

17.19
42.38

During the past 13 years, Air Products & Chemicals Inc's highest Shiller P/E Ratio was 42.38. The lowest was 17.19. And the median was 27.65.

APD's Shiller P/E Ratio is ranked higher than
59% of the 179 Companies
in the Global Chemicals industry.

( Industry Median: 35.65 vs. APD: 29.60 )

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 Sep. 2016 was $1.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.89 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 Products & Chemicals Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=145.47/4.89
=29.75

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Air Products & Chemicals Inc's E10 for the fiscal year that ended in Sep16 is calculated as:

For example, Air Products & Chemicals 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)
=1.8/241.428*241.428
=1.800

Current CPI (Sep. 2016) = 241.428.

Air Products & Chemicals Inc Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 1.4600.4801.5001.3301.4701.5801.670-2.1701.5901.800
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 1.4790.4871.5421.3601.4871.6031.705-2.2001.5931.800
201112201203201206201209201212201303201306201309201312201403
per share eps 1.1601.3802.2600.6501.3101.3801.3600.6401.3501.320
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 1.2411.4522.3780.6781.3771.4311.4060.6601.3991.349
200906200909200912201003201006201009201012201103201106201109
per share eps 0.5301.1401.1601.1601.1701.2501.2301.3901.5001.510
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.5931.2741.2971.2871.2961.3821.3551.5021.6041.607
200612200703200706200709200712200803200806200809200812200903
per share eps 1.0301.0201.2801.3101.1901.4300.3201.2000.3200.970
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 1.2321.1991.4831.5171.3681.6170.3531.3240.3671.101

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 Products & Chemicals Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ShillerPE 41.5026.5430.2927.1721.9021.6625.8527.6723.9028.41

Air Products & Chemicals Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 29.2927.6730.8231.7228.1123.9024.2628.4327.4728.41
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