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Clearwire Corp (NAS:CLWR)
Shiller P/E Ratio
0.00 (As of Today)

As of today, Clearwire Corp's current share price is $5.00. Clearwire Corp's E10 for the quarter that ended in Mar. 2013 was $0.00. Clearwire Corp's Shiller P/E Ratio for today is 0.00.

CLWR' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 0
Current: 0

CLWR's Shiller P/E Ratiois ranked higher than
80% of the 904 Companies
in the Global Telecom Services industry.

( Industry Median: 65.20 vs. CLWR: 0.00 )

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.

Clearwire Corp's adjusted earnings per share data for the three months ended in Mar. 2013 was $-0.340. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $0.00 for the trailing six years ended in Mar. 2013.


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.

Clearwire Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=5.00/0.00
=

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

Clearwire Corp's E10 for the fiscal year that ended in Dec12 is calculated as:

For example, Clearwire Corp's adjusted earnings per share data for the three months ended in Mar. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2013*CPI of Current
=-0.33/232.773*239.556
=-0.340

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 239.556.

Clearwire Corp Quarterly Data

201012201103201106201109201112201203201206201209201212201303
per share eps -0.526-0.930-1.010-0.540-0.238-0.440-0.330-0.340-0.271-0.330
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS -0.575-0.997-1.072-0.570-0.253-0.459-0.344-0.352-0.283-0.340
200806200809200812200903200906200909200912201003201006201009
per share eps -1.210-1.0103.020-0.380-0.380-0.430-0.560-0.480-0.610-0.580
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS -1.325-1.1063.441-0.428-0.422-0.477-0.621-0.528-0.670-0.636
200706200709200712200803
per share eps -0.720-2.010-1.140-1.080
CPI 208.352208.490210.036213.528
Adj_EPS -0.828-2.309-1.300-1.212

Add all the adjusted EPS together and divide 6 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.

Clearwire Corp Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
ShillerPE 0.000.000.000.000.000.000.000.000.000.00

Clearwire Corp Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
ShillerPE 0.000.000.000.000.000.000.000.100.000.00
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