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

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.

APD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 17.33   Max: 42.19
Current: 30.49

17.33
42.19

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.

APD's Shiller P/E Ratio is ranked higher than
57% of the 181 Companies
in the Global Chemicals industry.

( Industry Median: 34.73 vs. APD: 30.49 )

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.


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
=149.06/4.90
=30.42

* 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 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)
=2.89/241.428*241.428
=2.890

Current CPI (Sep16) = 241.428.

Air Products & Chemicals Inc Annual Data

200709200809200909201009201109201209201309201409201509201609
per share eps 4.6404.1502.9604.7405.6305.4404.6804.6105.8802.890
CPI 208.490218.783215.969218.439226.889231.407234.149238.031237.945241.428
Adj_EPS 5.3734.5803.3095.2395.9915.6764.8254.6765.9662.890

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 41.3826.7130.2127.3522.0621.8225.8027.8824.0728.35

Air Products & Chemicals Inc Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 29.2327.8830.7531.6528.0524.0724.2028.6527.4128.35
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