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Coca-Cola European Partners PLC (NYSE:CCE)
Shiller P/E Ratio
58.27 (As of Today)

As of today, Coca-Cola European Partners PLC's current share price is $32.05. Coca-Cola European Partners PLC's E10 for the quarter that ended in Sep. 2016 was $0.55. Coca-Cola European Partners PLC's Shiller P/E Ratio for today is 58.27.

CCE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 45.77   Max: 683
Current: 58.82

45.77
683

During the past 13 years, Coca-Cola European Partners PLC's highest Shiller P/E Ratio was 683.00. The lowest was 45.77. And the median was 118.58.

CCE's Shiller P/E Ratio is ranked lower than
89% of the 19 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 26.48 vs. CCE: 58.82 )

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 European Partners PLC's adjusted earnings per share data for the three months ended in Sep. 2016 was $0.752. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.55 for the trailing ten years ended in Sep. 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.

Coca-Cola European Partners PLC's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=32.05/0.55
=58.27

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

Coca-Cola European Partners PLC's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Coca-Cola European Partners PLC's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.751964085297/241.428*241.428
=0.752

Current CPI (Sep. 2016) = 241.428.

Coca-Cola European Partners PLC Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.7770.9760.5590.3900.7510.7150.7090.2840.5450.752
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.7870.9890.5740.3980.7600.7250.7240.2880.5460.752
201112201203201206201209201212201303201306201309201312201403
per share eps 0.3500.3590.6640.8880.3020.2120.6681.0590.4720.443
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.3740.3780.6980.9260.3170.2200.6901.0920.4890.452
200906200909200912201003201006201009201012201103201106201109
per share eps 0.6290.5830.3130.2480.3990.3960.8100.3090.7540.922
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.7040.6520.3500.2750.4410.4370.8920.3330.8060.981
200612200703200706200709200712200803200806200809200812200903
per share eps -3.6620.0290.5560.5350.2940.020-6.4040.448-2.9680.128
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS -4.3810.0340.6440.6200.3380.023-7.0660.494-3.4080.145

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.

Coca-Cola European Partners PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 65.7162.990.000.000.00286.36169.91170.11112.7795.15

Coca-Cola European Partners PLC Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 155.33127.38112.77104.62104.57111.3395.1593.5668.1273.00
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