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GuruFocus has detected 6 Warning Signs with Haemonetics Corp $HAE.
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Haemonetics Corp (NYSE:HAE)
Shiller PE Ratio
48.81 (As of Today)

As of today, Haemonetics Corp's current share price is $41.00. Haemonetics Corp's E10 for the quarter that ended in Dec. 2016 was $0.84. Haemonetics Corp's Shiller P/E Ratio for today is 48.81.

HAE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 25.95   Max: 52.98
Current: 48.73

25.95
52.98

During the past 13 years, Haemonetics Corp's highest Shiller P/E Ratio was 52.98. The lowest was 25.95. And the median was 35.68.

HAE's Shiller PE Ratio is ranked lower than
53% of the 45 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 43.41 vs. HAE: 48.73 )

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.

Haemonetics Corp's adjusted earnings per share data for the three months ended in Dec. 2016 was $0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.84 for the trailing ten years ended in Dec. 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.

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

Shiller P/E Ratio=Share Price/E10
=41.00/0.84
=48.81

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

Haemonetics Corp's E10 for the fiscal year that ended in Mar16 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=0.3/241.432*241.432
=0.300

Current CPI (Dec. 2016) = 241.432.

Haemonetics Corp Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 0.1400.310-0.060-0.0100.250-1.170-0.170-0.2000.3800.300
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.1420.319-0.061-0.0100.254-1.194-0.172-0.2000.3800.300
201203201206201209201212201303201306201309201312201403201406
per share eps 0.3500.1900.1300.1900.240-0.1500.3200.3100.190-0.070
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.3680.2000.1360.2000.249-0.1550.3300.3210.194-0.071
200909200912201003201006201009201012201103201106201109201112
per share eps 0.3450.3550.0800.3500.4250.3850.4000.3250.2700.360
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.3860.3970.0890.3880.4700.4240.4320.3480.2870.385
200703200706200709200712200803200806200809200812200903200906
per share eps 0.3600.2300.2100.2700.2550.2700.2850.3100.2700.345
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.4230.2670.2430.3100.2880.2980.3150.3560.3060.386

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.

Haemonetics Corp Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
ShillerPE 43.6841.3935.5632.8331.6130.9536.5628.2841.1242.00

Haemonetics Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 31.3333.7441.1238.5530.3736.3742.0035.9943.0847.78
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