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Exceed Co Ltd (NAS:EDS)
Shiller P/E Ratio
0.86 (As of Today)

As of today, Exceed Co Ltd's current share price is $1.53. Exceed Co Ltd's E10 for the quarter that ended in Jun. 2014 was $1.77. Exceed Co Ltd's Shiller P/E Ratio for today is 0.86.

EDS' s 10-Year Shiller P/E Ratio Range
Min: 0.55   Max: 0.99
Current: 0.9

0.55
0.99

During the past 8 years, Exceed Co Ltd's highest Shiller P/E Ratio was 0.99. The lowest was 0.55. And the median was 0.87.

EDS's Shiller P/E Ratiois ranked higher than
100% of the 878 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 144.37 vs. EDS: 0.90 )

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.

Exceed Co Ltd's adjusted earnings per share data of for the fiscal year that ended in Dec13 was $0.327. 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 $1.77 for the trailing six years ended in Dec13.


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.

Exceed Co Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=1.53/1.77
=0.86

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

Exceed Co Ltd's E10 for the quarter that ended in Jun. 2014 is calculated as:

For example, Exceed Co Ltd's adjusted earnings per share data for the fiscal year that ended in Dec13 was:

Adj_EPS=Earnigns per Share/CPI of Dec13*CPI of Current
=0.325979585117/233.049*233.808
=0.327

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 233.808.

Exceed Co Ltd Annual Data

200812200912201012201112201212201312
per share eps 1.4463.4811.6052.1610.9670.326
CPI 210.228215.949219.179225.672229.601233.049
Adj_EPS 1.6083.7691.7122.2390.9850.327

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.

Exceed Co Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.000.000.000.000.000.000.000.000.660.93

Exceed Co Ltd Semi-Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Jun14
ShillerPE 0.000.000.000.000.000.000.000.660.930.00
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