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Coca-Cola Enterprises Inc (NYSE:CCE)
Shiller P/E Ratio
110.74 (As of Today)

As of today, Coca-Cola Enterprises Inc's current share price is $47.62. Coca-Cola Enterprises Inc's E10 for the quarter that ended in Sep. 2015 was $0.43. Coca-Cola Enterprises Inc's Shiller P/E Ratio for today is 110.74.

CCE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 27.52   Max: 341.5
Current: 110.91

27.52
341.5

During the past 13 years, Coca-Cola Enterprises Inc's highest Shiller P/E Ratio was 341.50. The lowest was 27.52. And the median was 118.40.

CCE's Shiller P/E Ratio is ranked lower than
91% of the 32 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 31.15 vs. CCE: 110.91 )

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.

Coca-Cola Enterprises Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.43 for the trailing ten years ended in Sep. 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.

Coca-Cola Enterprises Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=47.62/0.43
=110.74

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

Coca-Cola Enterprises Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Coca-Cola Enterprises Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.72/237.945*237.945
=0.720

Current CPI (Sep. 2015) = 237.945.

Coca-Cola Enterprises Inc Quarterly Data

201306201309201312201403201406201409201412201503201506201509
per share eps 0.6601.0700.5170.4400.7800.9600.4550.4000.7500.720
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.6731.0870.5280.4430.7790.9600.4610.4030.7480.720
201012201103201106201109201112201203201206201209201212201303
per share eps 0.2830.3100.7400.8800.3590.3500.6700.8900.3420.210
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.3070.3300.7800.9230.3790.3630.6950.9150.3540.215
200806200809200812200903200906200909200912201003201006201009
per share eps -6.4800.440-2.9900.1300.6400.5900.2680.3500.5900.610
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS -7.0470.479-3.3840.1450.7060.6500.2950.3830.6440.664
200512200603200606200609200612200703200706200709200712200803
per share eps -0.1210.0300.7100.440-3.5790.0300.5600.5500.3180.020
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS -0.1460.0360.8330.516-4.2200.0350.6400.6280.3600.022

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.

Coca-Cola Enterprises Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.0055.8354.930.000.000.00214.62150.84159.60115.12

Coca-Cola Enterprises Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 157.70154.93159.60161.59148.07122.01115.12107.31107.12112.59
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