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Cal-Maine Foods Inc (NAS:CALM)
Shiller PE Ratio
16.40 (As of Today)

As of today, Cal-Maine Foods Inc's current share price is $38.70. Cal-Maine Foods Inc's E10 for the quarter that ended in Feb. 2017 was $2.36. Cal-Maine Foods Inc's Shiller P/E Ratio for today is 16.40.

CALM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.61   Max: 54.92
Current: 16.4

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 19.87.

CALM's Shiller PE Ratio is ranked higher than
78% of the 264 Companies
in the Global Packaged Foods industry.

( Industry Median: 28.51 vs. CALM: 16.40 )

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. 2017 was $0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.36 for the trailing ten years ended in Feb. 2017.


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
=38.70/2.36
=16.40

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cal-Maine Foods Inc's E10 for the fiscal year that ended in May16 is calculated as:

For example, Cal-Maine Foods Inc's adjusted earnings per share data for the three months ended in Feb. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2017 (Change)*Current CPI (Feb. 2017)
=0.09/243.603*243.603
=0.090

Current CPI (Feb. 2017) = 243.603.

Cal-Maine Foods Inc Quarterly Data

201411201502201505201508201511201602201605201608201611201702
per share eps 0.7601.0500.9502.9502.2601.330-0.010-0.640-0.4800.090
CPI 236.151234.722237.805238.316237.336237.111240.229240.849241.353243.603
Adj_EPS 0.7841.0900.9733.0152.3201.366-0.010-0.647-0.4840.090
201205201208201211201302201305201308201311201402201405201408
per share eps 0.7800.1950.3000.635-0.0800.1800.5400.8900.6500.570
CPI 229.815230.379230.221232.166232.945233.877233.069234.781237.900237.852
Adj_EPS 0.8270.2060.3170.666-0.0840.1870.5640.9230.6660.584
200911201002201005201008201011201102201105201108201111201202
per share eps 0.3350.7250.4400.1000.3150.7000.1500.0650.4850.545
CPI 216.330216.741218.178218.312218.803221.309225.964226.545226.230227.663
Adj_EPS 0.3770.8150.4910.1120.3510.7710.1620.0700.5220.583
200705200708200711200802200805200808200811200902200905200908
per share eps 0.3850.3800.8451.2050.7700.2350.5700.6450.215-0.080
CPI 207.949207.917210.177211.693216.632219.086212.425212.193213.856215.834
Adj_EPS 0.4510.4450.9791.3870.8660.2610.6540.7400.245-0.090

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.

Cal-Maine Foods Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
ShillerPE 32.4929.7118.0618.5014.6414.1416.6724.5231.7918.08

Cal-Maine Foods Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
ShillerPE 26.6422.7331.7925.0923.4521.9018.0818.8717.0016.09
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