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Empire District Electric Co (NYSE:EDE)
Shiller P/E Ratio
24.97 (As of Today)

As of today, Empire District Electric Co's current share price is $34.21. Empire District Electric Co's E10 for the quarter that ended in Sep. 2016 was $1.37. Empire District Electric Co's Shiller P/E Ratio for today is 24.97.

EDE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.36   Max: 24.96
Current: 24.68

10.36
24.96

During the past 13 years, Empire District Electric Co's highest Shiller P/E Ratio was 24.96. The lowest was 10.36. And the median was 16.92.

EDE's Shiller P/E Ratio is ranked lower than
54% of the 204 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.10 vs. EDE: 24.68 )

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.

Empire District Electric Co's adjusted earnings per share data of for the fiscal year that ended in Dec15 was $1.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.37 for the trailing ten years ended in Dec15.


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.

Empire District Electric Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=34.21/1.37
=24.97

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Empire District Electric Co's E10 for the quarter that ended in Sep. 2016 is calculated as:

For example, Empire District Electric Co's adjusted earnings per share data for the fiscal year that ended in Dec15 was:

Adj_EPS=Earnigns per Share/CPI of Dec15 (Change)*Current CPI (Dec15)
=1.29/236.525*236.525
=1.290

Current CPI (Dec15) = 236.525.

Empire District Electric Co Annual Data

200612200712200812200912201012201112201212201312201412201512
per share eps 1.3901.0901.1701.1801.1701.3101.3201.4801.5501.290
CPI 201.800210.036210.228215.949219.179225.672229.601233.049234.812236.525
Adj_EPS 1.6291.2271.3161.2921.2631.3731.3601.5021.5611.290

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 local exchange's currency.

Empire District Electric Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 19.1417.7014.6115.4718.8516.6515.9517.7922.2420.50

Empire District Electric Co Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 18.7418.1122.2417.9215.5816.2820.5023.7124.0824.65
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