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

As of today, Cal-Maine Foods Inc's current share price is $43.00. Cal-Maine Foods Inc's E10 for the quarter that ended in Nov. 2016 was $2.37. Cal-Maine Foods Inc's Shiller P/E Ratio for today is 18.14.

CALM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 13.61   Max: 54.92
Current: 18.17

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 19.60.

CALM's Shiller P/E Ratio is ranked higher than
72% of the 260 Companies
in the Global Packaged Foods industry.

( Industry Median: 27.70 vs. CALM: 18.17 )

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 Nov. 2016 was $-0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.37 for the trailing ten years ended in Nov. 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
=43.00/2.37
=18.14

* 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 Nov. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Nov. 2016 (Change)*Current CPI (Nov. 2016)
=-0.48/241.353*241.353
=-0.480

Current CPI (Nov. 2016) = 241.353.

Cal-Maine Foods Inc Quarterly Data

201408201411201502201505201508201511201602201605201608201611
per share eps 0.5700.7601.0500.9502.9502.2601.330-0.010-0.640-0.480
CPI 237.852236.151234.722237.805238.316237.336237.111240.229240.849241.353
Adj_EPS 0.5780.7771.0800.9642.9882.2981.354-0.010-0.641-0.480
201202201205201208201211201302201305201308201311201402201405
per share eps 0.5450.7800.1950.3000.635-0.0800.1800.5400.8900.650
CPI 227.663229.815230.379230.221232.166232.945233.877233.069234.781237.900
Adj_EPS 0.5780.8190.2040.3150.660-0.0830.1860.5590.9150.659
200908200911201002201005201008201011201102201105201108201111
per share eps -0.0800.3350.7250.4400.1000.3150.7000.1500.0650.485
CPI 215.834216.330216.741218.178218.312218.803221.309225.964226.545226.230
Adj_EPS -0.0890.3740.8070.4870.1110.3470.7630.1600.0690.517
200702200705200708200711200802200805200808200811200902200905
per share eps 0.3700.3850.3800.8451.2050.7700.2350.5700.6450.215
CPI 203.499207.949207.917210.177211.693216.632219.086212.425212.193213.856
Adj_EPS 0.4390.4470.4410.9701.3740.8580.2590.6480.7340.243

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 32.6029.5218.1118.5614.6814.1716.5524.3431.5617.94

Cal-Maine Foods Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
ShillerPE 26.5026.7022.7831.5625.1523.5021.9417.9418.9017.20
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