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

As of today, Coca-Cola European Partners PLC's current share price is $38.25. Coca-Cola European Partners PLC's E10 for the quarter that ended in Mar. 2016 was $0.54. Coca-Cola European Partners PLC's Shiller P/E Ratio for today is 70.83.

CCE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 27.9   Max: 341.5
Current: 70.75

27.9
341.5

During the past 13 years, Coca-Cola European Partners PLC's highest Shiller P/E Ratio was 341.50. The lowest was 27.90. And the median was 117.81.

CCE's Shiller P/E Ratio is ranked lower than
84% of the 19 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 30.22 vs. CCE: 70.75 )

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 Mar. 2016 was $0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.54 for the trailing ten years ended in Mar. 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
=38.25/0.54
=70.83

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.29/238.132*238.132
=0.290

Current CPI (Mar. 2016) = 238.132.

Coca-Cola European Partners PLC Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 0.5200.4400.7800.9600.4600.4000.7500.7200.6700.290
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 0.5310.4430.7790.9600.4670.4030.7480.7210.6750.290
201106201109201112201203201206201209201212201303201306201309
per share eps 0.7570.9100.2520.3630.6700.8900.3500.2100.6601.070
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 0.7990.9550.2660.3770.6950.9160.3630.2150.6731.088
200812200903200906200909200912201003201006201009201012201103
per share eps -2.9800.1300.6400.5900.2690.2440.3980.4140.7810.310
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS -3.3760.1460.7070.6510.2970.2670.4350.4510.8490.330
200606200609200612200703200706200709200712200803200806200809
per share eps 0.7100.440-3.6100.0300.5600.5500.3200.020-6.4800.440
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.8330.516-4.2600.0350.6400.6280.3630.022-7.0520.479

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 European Partners PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 56.1555.520.000.000.00222.38152.13160.50116.5797.47

Coca-Cola European Partners PLC Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 160.50162.55149.00122.77116.57107.59107.54112.9697.4793.85
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