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As of today, Gyrodyne LLC's current share price is $27.80. Gyrodyne LLC's E10 for the quarter that ended in Jun. 2015 was $124.80. Gyrodyne LLC's Shiller P/E Ratio for today is 0.22.
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.
Gyrodyne LLC's adjusted earnings per share data for the three months ended in Jun. 2015 was $-0.553. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $124.80 for the trailing ten years ended in Jun. 2015.
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.
Gyrodyne LLC's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
Gyrodyne LLC's E10 for the fiscal year that ended in Dec14 is calculated as:
For example, Gyrodyne LLC's adjusted earnings per share data for the three months ended in Jun. 2015 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Jun. 2015 (Change)||*||Current CPI (Jun. 2015)|
Current CPI (Jun. 2015) = 238.638.
Gyrodyne LLC Quarterly Data
|per share eps||-6.637||-3.319||363.385||-9.828||0.111||-0.442||-0.111||1.561||-0.442||-0.553|
|per share eps||-2.323||-3.032||-2.987||-2.102||-1.327||-2.816||-1.991||787.058||-3.982||-42.109|
|per share eps||-1.106||22.677||-2.655||-5.681||32.080||-5.199||-7.080||-6.708||-1.991||-1.881|
|per share eps||0.996||4.093||-0.111||108.193||-0.442||0.111||-1.659||3.761||-1.327||-14.089|
Add all the adjusted EPS together and divide 10 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
Gyrodyne LLC Annual Data
Gyrodyne LLC Quarterly Data