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

As of today, Cal-Maine Foods Inc's current share price is $40.80. Cal-Maine Foods Inc's E10 for the quarter that ended in Aug. 2016 was $2.42. Cal-Maine Foods Inc's Shiller P/E Ratio for today is 16.86.

CALM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 13.61   Max: 54.92
Current: 16.85

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 20.14.

CALM's Shiller P/E Ratio is ranked higher than
73% of the 262 Companies
in the Global Packaged Foods industry.

( Industry Median: 29.54 vs. CALM: 16.85 )

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 Aug. 2016 was $-0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.42 for the trailing ten years ended in Aug. 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
=40.80/2.42
=16.86

* 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 May16 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Aug. 2016 (Change)*Current CPI (Aug. 2016)
=-0.64/240.452*240.452
=-0.640

Current CPI (Aug. 2016) = 240.452.

Cal-Maine Foods Inc Quarterly Data

201405201408201411201502201505201508201511201602201605201608
per share eps 0.6500.5700.7601.0500.9502.9502.2601.330-0.010-0.640
CPI 237.900237.852236.151234.722237.805238.316237.336237.111240.236240.452
Adj_EPS 0.6570.5760.7741.0760.9612.9762.2901.349-0.010-0.640
201111201202201205201208201211201302201305201308201311201402
per share eps 0.4850.5450.7800.1950.3000.635-0.0800.1800.5400.890
CPI 226.230227.663229.815230.379230.221232.166232.945233.877233.069234.781
Adj_EPS 0.5150.5760.8160.2040.3130.658-0.0830.1850.5570.911
200905200908200911201002201005201008201011201102201105201108
per share eps 0.215-0.0800.3350.7250.4400.1000.3150.7000.1500.065
CPI 213.856215.834216.330216.741218.178218.312218.803221.309225.964226.545
Adj_EPS 0.242-0.0890.3720.8040.4850.1100.3460.7610.1600.069
200611200702200705200708200711200802200805200808200811200902
per share eps 0.1350.3700.3850.3800.8451.2050.7700.2350.5700.645
CPI 201.500203.499207.949207.917210.177211.693216.632219.086212.425212.193
Adj_EPS 0.1610.4370.4450.4390.9671.3690.8550.2580.6450.731

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

May07May08May09May10May11May12May13May14May15May16
ShillerPE 32.6629.5818.0018.4414.5814.2116.5924.4131.6518.00

Cal-Maine Foods Inc Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
ShillerPE 24.4126.5726.7722.6331.6525.2123.3421.8118.0018.97
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