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Freeport-McMoRan Inc (NYSE:FCX)
Shiller P/E Ratio
(As of Today)

As of today, Freeport-McMoRan Inc's current share price is $10.15. Freeport-McMoRan Inc's E10 for the quarter that ended in Jun. 2016 was $-0.97. Freeport-McMoRan Inc's Shiller P/E Ratio for today is .

During the past 13 years, Freeport-McMoRan Inc's highest Shiller P/E Ratio was 655.25. The lowest was 0.00. And the median was 36.41.

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.

Freeport-McMoRan Inc's adjusted earnings per share data for the three months ended in Jun. 2016 was $-0.377. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.97 for the trailing ten years ended in Jun. 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.

Freeport-McMoRan Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=10.15/-0.97
=

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

Freeport-McMoRan Inc's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Freeport-McMoRan Inc's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=-0.377/241.038*241.038
=-0.377

Current CPI (Jun. 2016) = 241.038.

Freeport-McMoRan Inc Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 0.4900.4600.530-2.740-2.380-1.780-3.580-3.540-3.350-0.377
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.5000.4650.537-2.813-2.430-1.798-3.627-3.608-3.391-0.377
201109201112201203201206201209201212201303201306201309201312
per share eps 1.1000.6700.8000.7400.8600.7800.6800.4900.7900.680
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.1690.7160.8410.7770.8960.8190.7040.5060.8130.703
200903200906200909200912201003201006201009201012201103201106
per share eps 0.0550.6901.035-0.3851.0000.7001.2401.6301.5701.430
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.0620.7711.155-0.4301.1080.7741.3681.7931.6931.527
200609200612200703200706200709200712200803200806200809200812
per share eps 0.8350.9951.0101.3100.9350.4601.3201.1250.655-18.250
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.9921.1881.1861.5161.0810.5281.4901.2390.722-20.925

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 own currency.

Freeport-McMoRan Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 31.1240.980.000.00279.7755.4236.3632.4623.480.00

Freeport-McMoRan Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 26.9027.9424.1323.4826.5338.20124.440.000.000.00
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