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Air Products & Chemicals Inc (NYSE:APD)
Shiller PE Ratio
28.69 (As of Today)

As of today, Air Products & Chemicals Inc's current share price is $140.86. Air Products & Chemicals Inc's E10 for the quarter that ended in Dec. 2016 was $4.91. Air Products & Chemicals Inc's Shiller P/E Ratio for today is 28.69.

APD' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.19   Max: 42.19
Current: 28.68

17.19
42.19

During the past 13 years, Air Products & Chemicals Inc's highest Shiller P/E Ratio was 42.19. The lowest was 17.19. And the median was 27.55.

APD's Shiller PE Ratio is ranked higher than
64% of the 181 Companies
in the Global Chemicals industry.

( Industry Median: 36.86 vs. APD: 28.68 )

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 Dec. 2016 was $1.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.91 for the trailing ten years ended in Dec. 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
=140.86/4.91
=28.69

* 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 Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=1.37/241.432*241.432
=1.370

Current CPI (Dec. 2016) = 241.432.

Air Products & Chemicals Inc Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 0.4801.5001.3301.4701.5801.670-2.1701.5901.8001.370
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.4871.5421.3601.4871.6031.705-2.2001.5931.8001.370
201203201206201209201212201303201306201309201312201403201406
per share eps 1.3802.2600.6501.3101.3801.3600.6401.3501.3201.460
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.4522.3780.6781.3781.4311.4060.6601.3991.3491.479
200909200912201003201006201009201012201103201106201109201112
per share eps 1.1401.1601.1601.1701.2501.2301.3901.5001.5101.160
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 1.2741.2971.2871.2961.3821.3551.5021.6041.6071.241
200703200706200709200712200803200806200809200812200903200906
per share eps 1.0201.2801.3101.1901.4300.3201.2000.3200.9700.530
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 1.1991.4831.5171.3681.6170.3531.3240.3671.1010.593

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 41.4126.5030.2327.3621.8721.6325.8227.6323.8728.38

Air Products & Chemicals Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 27.6330.7831.6728.0723.8724.2328.4027.4428.3829.28
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