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Synthetic Fixed-Inc STRATS STRATS (:GJJ)
Shiller P/E Ratio
(As of Today)

As of today, Synthetic Fixed-Inc STRATS STRATS's current share price is \$24.97. Synthetic Fixed-Inc STRATS STRATS's E10 for the quarter that ended in . 20 was \$0.00. Synthetic Fixed-Inc STRATS STRATS's Shiller P/E Ratio for today is .

GJJ' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 0
Current: 0

GJJ's Shiller P/E Ratiois ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. GJJ: 0.00 )

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.

Synthetic Fixed-Inc STRATS STRATS's adjusted earnings per share data of for the fiscal year that ended in was \$. 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 \$0.00 for the trailing six years ended in .

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.

Synthetic Fixed-Inc STRATS STRATS's Shiller P/E Ratio for today is calculated as

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

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

Synthetic Fixed-Inc STRATS STRATS's E10 for the quarter that ended in . 20 is calculated as:

For example, Synthetic Fixed-Inc STRATS STRATS's adjusted earnings per share data for the fiscal year that ended in was:

 Adj_EPS = Earnigns per Share / CPI of * CPI of Current = / * 235.51 =

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

Current CPI = 235.51.

Synthetic Fixed-Inc STRATS STRATS does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.

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

Historical Data

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

Synthetic Fixed-Inc STRATS STRATS Annual Data

 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Synthetic Fixed-Inc STRATS STRATS Semi-Annual Data

 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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