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

As of today, B/E Aerospace Inc's current share price is $49.39. B/E Aerospace Inc's E10 for the quarter that ended in Jun. 2015 was $2.19. B/E Aerospace Inc's Shiller P/E Ratio for today is 22.55.

BEAV' s 10-Year Shiller P/E Ratio Range
Min: 11.37   Max: 756.88
Current: 22.58

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 26.94.

BEAV's Shiller P/E Ratiois ranked higher than
50% of the 118 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.58 vs. BEAV: 22.58 )

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 Jun. 2015 was $0.750. 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 $2.19 for the trailing six years ended in Jun. 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
=49.39/2.19
=22.55

* 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 Jun. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2015*CPI of Current
=0.75/238.638*238.662
=0.750

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

Current CPI = 238.662.

B/E Aerospace Inc Quarterly Data

201303201306201309201312201403201406201409201412201503201506
per share eps 0.8700.8900.8900.8721.0501.0400.980-2.0660.7400.750
CPI 232.773233.504234.149233.049236.293238.343238.031234.812236.119238.638
Adj_EPS 0.8920.9100.9070.8931.0611.0410.983-2.1000.7480.750
201009201012201103201106201109201112201203201206201209201212
per share eps 0.4100.3070.4900.5400.6400.5610.6700.6900.1800.729
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS 0.4480.3340.5230.5710.6730.5930.6970.7180.1860.758
200909200912201003201006
per share eps 0.3600.3330.3400.370
CPI 215.969215.949217.631217.965
Adj_EPS 0.3980.3680.3730.405

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 5.506.2512.4333.4424.3925.6123.5625.8737.3028.55

B/E Aerospace Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ShillerPE 29.7729.0832.8037.3035.2435.8731.4528.5530.2225.10
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