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As of today, DryShips Inc's current share price is $2.25. DryShips Inc's E10 for the quarter that ended in Mar. 2016 was $17.85. DryShips Inc's Shiller P/E Ratio for today is 0.13.
During the past 13 years, DryShips Inc's highest Shiller P/E Ratio was 2.42. The lowest was 0.12. And the median was 1.02.
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.
DryShips Inc's adjusted earnings per share data for the three months ended in Mar. 2016 was $2.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $17.85 for the trailing ten years ended in Mar. 2016.
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.
DryShips Inc's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
DryShips Inc's E10 for the fiscal year that ended in Dec15 is calculated as:
For example, DryShips Inc'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)|
Current CPI (Mar. 2016) = 238.132.
DryShips Inc Quarterly Data
|per share eps||-1.572||-2.000||-0.250||1.000||-1.027||-2.230||-54.168||-30.838||-19.830||2.050|
|per share eps||-8.250||1.750||-0.157||-3.000||-1.250||-3.250||-8.539||-7.500||-1.250||-4.250|
|per share eps||-459.876||-27.250||5.937||2.692||1.291||1.000||1.644||5.250||5.980||1.750|
|per share eps||10.000||-7.000||25.388||47.750||77.653||73.000||133.795||114.500||177.832||105.290|
Add all the adjusted EPS together and divide 10 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.
DryShips Inc Annual Data
DryShips Inc Quarterly Data