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

As of today, B/E Aerospace Inc's current share price is $58.10. B/E Aerospace Inc's E10 for the quarter that ended in Sep. 2014 was $1.91. B/E Aerospace Inc's Shiller P/E Ratio for today is 30.42.

BEAV' s 10-Year Shiller P/E Ratio Range
Min: 15.7   Max: 1045.5
Current: 30.45

15.7
1045.5

During the past 13 years, B/E Aerospace Inc's highest Shiller P/E Ratio was 1045.50. The lowest was 15.70. And the median was 34.74.

BEAV's Shiller P/E Ratiois ranked higher than
79% of the 337 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 28.56 vs. BEAV: 30.45 )

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 Sep. 2014 was $0.968. 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 $1.91 for the trailing six years ended in Sep. 2014.


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
=58.10/1.91
=30.42

* 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 Dec13 is calculated as:

For example, B/E Aerospace Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=0.98/238.031*235.189
=0.968

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

Current CPI = 235.189.

B/E Aerospace Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps 0.6900.1800.7290.8700.8900.8900.8721.0501.0400.980
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.7070.1830.7470.8790.8960.8940.8801.0451.0260.968
200912201003201006201009201012201103201106201109201112201203
per share eps 0.3330.3400.3700.4100.3070.4900.5400.6400.5610.670
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.3630.3670.3990.4410.3290.5160.5630.6630.5850.687
200812200903200906200909
per share eps -2.5900.3800.3500.360
CPI 210.228212.709215.693215.969
Adj_EPS -2.8980.4200.3820.392

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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE -7.955.506.2512.4345.3124.2235.1432.3635.5437.48

B/E Aerospace Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 31.9331.8735.5440.9340.3532.6537.4848.8735.9831.84
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