Switch to:
Energy Company of Minas Gerais (NYSE:CIG)
Shiller P/E Ratio
(As of Today)

As of today, Energy Company of Minas Gerais's current share price is $1.48. Energy Company of Minas Gerais's E10 for the quarter that ended in Sep. 2015 was $0.00. Energy Company of Minas Gerais's Shiller P/E Ratio for today is .

CIG' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 1.98   Max: 15.77
Current: 2.49

1.98
15.77

During the past 13 years, Energy Company of Minas Gerais's highest Shiller P/E Ratio was 15.77. The lowest was 1.98. And the median was 8.38.

CIG's Shiller P/E Ratio is ranked higher than
99% of the 310 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 21.60 vs. CIG: 2.49 )

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.

Energy Company of Minas Gerais's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.00 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.

Energy Company of Minas Gerais's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=1.48/0
=

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

Energy Company of Minas Gerais's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Energy Company of Minas Gerais'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)
=0/237.945*237.945
=0.000

Current CPI (Sep. 2015) = 237.945.

Energy Company of Minas Gerais Quarterly Data

201303201306201309201312201403201406201409201412201506201509
per share eps 0.3860.2250.277-0.0670.4270.2630.0000.0000.0000.000
CPI 232.773233.504234.149233.049236.293238.343238.031234.812238.638237.945
Adj_EPS 0.3950.2290.281-0.0690.4300.2630.0000.0000.0000.000
201009201012201103201106201109201112201203201206201209201212
per share eps -0.3281.0900.2520.3290.1780.3070.3110.2710.4050.634
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS -0.3581.1840.2680.3470.1870.3230.3230.2820.4160.657
200803200806200809200812200903200906200909200912201003201006
per share eps 0.2320.2900.2430.1720.1160.2120.2470.1520.2080.128
CPI 213.528218.815218.783210.228212.709215.693215.969215.949217.631217.965
Adj_EPS 0.2590.3150.2650.1950.1290.2340.2730.1680.2270.140
200509200512200603200606200609200612200703200706200709200712
per share eps 0.1580.0000.1270.1160.168-0.7670.1530.4160.2240.397
CPI 198.800196.800199.800202.900202.900201.800205.352208.352208.490210.036
Adj_EPS 0.1890.0000.1520.1370.197-0.9040.1780.4750.2560.450

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.

Energy Company of Minas Gerais Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.000.000.000.000.000.0010.488.805.950.00

Energy Company of Minas Gerais Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15
ShillerPE 8.898.607.965.956.386.326.180.004.842.87
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK