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

As of today, Coca-Cola European Partners PLC's current share price is $39.03. Coca-Cola European Partners PLC's E10 for the quarter that ended in Jun. 2016 was $0.52. Coca-Cola European Partners PLC's Shiller P/E Ratio for today is 75.06.

CCE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 29.54   Max: 546.4
Current: 74.51

29.54
546.4

During the past 13 years, Coca-Cola European Partners PLC's highest Shiller P/E Ratio was 546.40. The lowest was 29.54. And the median was 115.62.

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

( Industry Median: 31.10 vs. CCE: 74.51 )

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 Jun. 2016 was $0.545. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.52 for the trailing ten years ended in Jun. 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
=39.03/0.52
=75.06

* 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 Dec14 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=0.544943820225/241.038*241.038
=0.545

Current CPI (Jun. 2016) = 241.038.

Coca-Cola European Partners PLC Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 0.4430.7770.9760.5590.3900.7510.7350.6780.2840.545
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.4510.7860.9880.5730.3980.7580.7450.6900.2870.545
201109201112201203201206201209201212201303201306201309201312
per share eps 0.9220.3500.3590.6640.8880.3020.2120.6681.0590.472
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.9790.3740.3780.6970.9250.3170.2200.6891.0900.488
200903200906200909200912201003201006201009201012201103201106
per share eps 0.1280.6290.5830.3130.2500.3990.3980.8030.3090.754
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.1450.7030.6510.3500.2770.4410.4400.8830.3330.805
200609200612200703200706200709200712200803200806200809200812
per share eps 0.441-3.6620.0290.5560.5350.2940.020-6.4040.448-2.968
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.524-4.3740.0340.6430.6190.3370.023-7.0550.493-3.402

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 65.2762.660.000.000.00278.37167.85166.98111.3597.71

Coca-Cola European Partners PLC Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 168.41154.03125.55111.35104.31104.25109.5095.2192.7468.10
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