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B/E Aerospace Inc (NAS:BEAV)
Shiller P/E Ratio
22.87 (As of Today)

As of today, B/E Aerospace Inc's current share price is $48.71. B/E Aerospace Inc's E10 for the quarter that ended in Mar. 2015 was $2.13. B/E Aerospace Inc's Shiller P/E Ratio for today is 22.87.

BEAV' s 10-Year Shiller P/E Ratio Range
Min: 11.37   Max: 756.88
Current: 22.91

11.37
756.88

During the past 13 years, B/E Aerospace Inc's highest Shiller P/E Ratio was 756.88. The lowest was 11.37. And the median was 27.00.

BEAV's Shiller P/E Ratiois ranked lower than
51% of the 117 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.74 vs. BEAV: 22.91 )

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.

B/E Aerospace Inc's adjusted earnings per share data for the three months ended in Mar. 2015 was $0.748. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $2.13 for the trailing six years ended in Mar. 2015.


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.

B/E Aerospace Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=48.71/2.13
=22.87

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

B/E Aerospace Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, B/E Aerospace Inc's adjusted earnings per share data for the three months ended in Mar. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2015*CPI of Current
=0.74/236.119*238.709
=0.748

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 238.709.

B/E Aerospace Inc Quarterly Data

201212201303201306201309201312201403201406201409201412201503
per share eps 0.7290.8700.8900.8900.8721.0501.0400.980-2.0660.740
CPI 229.601232.773233.504234.149233.049236.293238.343238.031234.812236.119
Adj_EPS 0.7580.8920.9100.9070.8931.0611.0420.983-2.1000.748
201006201009201012201103201106201109201112201203201206201209
per share eps 0.3700.4100.3070.4900.5400.6400.5610.6700.6900.180
CPI 217.965218.439219.179223.467225.722226.889225.672229.392229.478231.407
Adj_EPS 0.4050.4480.3340.5230.5710.6730.5930.6970.7180.186
200906200909200912201003
per share eps 0.3500.3600.3330.340
CPI 215.693215.969215.949217.631
Adj_EPS 0.3870.3980.3680.373

Add all the adjusted EPS together and divide 6 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.

B/E Aerospace Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 5.506.2512.4333.4424.3925.6023.5525.8637.2928.54

B/E Aerospace Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ShillerPE 25.8629.7629.0732.7937.2935.2335.8531.4428.5429.92
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