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As of today, CytRx Corp's current share price is $2.65. CytRx Corp's E10 for the quarter that ended in Jun. 2014 was $-0.86. CytRx Corp's Shiller P/E Ratio for today is 0.00.
During the past 13 years, CytRx Corp's highest Shiller P/E Ratio was 7.27. The lowest was -1.20. And the median was 1.41.
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.
CytRx Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was $-0.280. 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 $-0.86 for the trailing six years ended in Jun. 2014.
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.
CytRx Corp's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
CytRx Corp's E10 for the fiscal year that ended in Dec13 is calculated as:
For example, CytRx Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Jun. 2014||*||CPI of Current|
Since most companies do not have as long as 10 years history, here we use 6 years to calculate:
Current CPI = 238.064.
CytRx Corp Quarterly Data
|per share eps||-0.490||-0.630||0.070||0.136||-0.230||-0.110||-0.330||-0.676||0.080||-0.280|
|per share eps||0.280||-0.158||-0.070||0.070||-0.280||0.244||-0.420||-0.200||-0.030||-0.211|
|per share eps||-0.980||-0.271||-0.280||-0.140|
Add all the adjusted EPS together and divide 6 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
CytRx Corp Annual Data
CytRx Corp Quarterly Data