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Cal-Maine Foods Inc (NAS:CALM)
Shiller P/E Ratio
18.09 (As of Today)

As of today, Cal-Maine Foods Inc's current share price is $44.50. Cal-Maine Foods Inc's E10 for the quarter that ended in Feb. 2016 was $2.46. Cal-Maine Foods Inc's Shiller P/E Ratio for today is 18.09.

CALM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 13.61   Max: 54.92
Current: 18.1

13.61
54.92

During the past 13 years, Cal-Maine Foods Inc's highest Shiller P/E Ratio was 54.92. The lowest was 13.61. And the median was 20.78.

CALM's Shiller P/E Ratio is ranked higher than
66% of the 248 Companies
in the Global Packaged Foods industry.

( Industry Median: 27.18 vs. CALM: 18.10 )

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.

Cal-Maine Foods Inc's adjusted earnings per share data for the three months ended in Feb. 2016 was $1.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.46 for the trailing ten years ended in Feb. 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.

Cal-Maine Foods Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=44.50/2.46
=18.09

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

Cal-Maine Foods Inc's E10 for the fiscal year that ended in May15 is calculated as:

For example, Cal-Maine Foods Inc's adjusted earnings per share data for the three months ended in Feb. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=1.33/237.111*237.111
=1.330

Current CPI (Feb. 2016) = 237.111.

Cal-Maine Foods Inc Quarterly Data

201311201402201405201408201411201502201505201508201511201602
per share eps 0.5400.8900.6530.5700.7601.0500.9512.9502.2601.330
CPI 233.069234.781237.900237.852236.151234.722237.805238.316237.336237.111
Adj_EPS 0.5490.8990.6510.5680.7631.0610.9482.9352.2581.330
201105201108201111201202201205201208201211201302201305201308
per share eps 0.1520.0650.4850.5450.7790.1950.3000.635-0.0800.180
CPI 225.964226.545226.230227.663229.815230.379230.221232.166232.945233.877
Adj_EPS 0.1590.0680.5080.5680.8040.2010.3090.649-0.0810.182
200811200902200905200908200911201002201005201008201011201102
per share eps 0.5700.6450.215-0.0800.3350.7250.4400.1000.3150.700
CPI 212.425212.193213.856215.834216.330216.741218.178218.312218.803221.309
Adj_EPS 0.6360.7210.238-0.0880.3670.7930.4780.1090.3410.750
200605200608200611200702200705200708200711200802200805200808
per share eps -0.004-0.1150.1350.3700.3870.3800.8451.2050.7700.235
CPI 202.500203.900201.500203.499207.949207.917210.177211.693216.632219.086
Adj_EPS -0.005-0.1340.1590.4310.4410.4330.9531.3500.8430.254

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 own currency.

Cal-Maine Foods Inc Annual Data

May06May07May08May09May10May11May12May13May14May15
ShillerPE 0.0032.5929.5118.1118.5614.6714.1716.7024.3231.53

Cal-Maine Foods Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
ShillerPE 20.2418.9724.3226.4826.6922.7731.5325.1223.4821.72
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