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Esterline Technologies Corp (NYSE:ESL)
Shiller P/E Ratio
22.75 (As of Today)

As of today, Esterline Technologies Corp's current share price is $93.05. Esterline Technologies Corp's E10 for the quarter that ended in Sep. 2016 was $4.09. Esterline Technologies Corp's Shiller P/E Ratio for today is 22.75.

ESL' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 8.86   Max: 30.98
Current: 22.65

8.86
30.98

During the past 13 years, Esterline Technologies Corp's highest Shiller P/E Ratio was 30.98. The lowest was 8.86. And the median was 21.34.

ESL's Shiller P/E Ratio is ranked higher than
72% of the 74 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 27.22 vs. ESL: 22.65 )

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.

Esterline Technologies Corp's adjusted earnings per share data for the three months ended in Sep. 2016 was $1.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.09 for the trailing ten years ended in Sep. 2016.


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.

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

Shiller P/E Ratio=Share Price/E10
=93.05/4.09
=22.75

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

Esterline Technologies Corp's E10 for the fiscal year that ended in Sep16 is calculated as:

For example, Esterline Technologies Corp's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=1.76/241.428*241.428
=1.760

Current CPI (Sep. 2016) = 241.428.

Esterline Technologies Corp Quarterly Data

201409201410201501201504201507201509201512201603201606201609
per share eps -0.110-0.1100.2600.6300.9201.0100.1700.5000.9901.760
CPI 238.031237.433233.707236.599238.654237.945236.525238.132241.018241.428
Adj_EPS -0.112-0.1120.2690.6430.9311.0250.1740.5070.9921.760
201204201207201210201301201304201307201310201401201404201407
per share eps 1.440-0.5501.9700.8001.1201.2002.0700.9301.1401.190
CPI 230.085229.104231.317230.280232.531233.596233.546233.916237.072238.250
Adj_EPS 1.511-0.5802.0560.8391.1631.2402.1400.9601.1611.206
200910201001201004201007201010201101201104201107201110201201
per share eps 1.1400.4200.9801.3001.9500.9701.4701.2100.6200.730
CPI 216.177216.687218.009218.011218.711220.223224.906225.922226.421226.665
Adj_EPS 1.2730.4681.0851.4402.1531.0631.5781.2930.6610.778
200704200707200710200801200804200807200810200901200904200907
per share eps 0.7601.4900.7801.0400.8400.6801.4700.9000.8601.090
CPI 206.686208.299208.936211.080214.823219.964216.573211.143213.240215.351
Adj_EPS 0.8881.7270.9011.1900.9440.7461.6391.0290.9741.222

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.

Esterline Technologies Corp Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Sep14Sep15Sep16
ShillerPE 27.8716.2717.5622.8018.7916.9020.9027.8518.2118.58

Esterline Technologies Corp Quarterly Data

Sep14Oct14Jan15Apr15Jul15Sep15Dec15Mar16Jun16Sep16
ShillerPE 27.8530.0729.3428.8022.6018.2120.8516.5015.6118.58
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