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II-VI Inc (NAS:IIVI)
Shiller P/E Ratio
23.42 (As of Today)

As of today, II-VI Inc's current share price is $19.91. II-VI Inc's E10 for the quarter that ended in Sep. 2015 was $0.85. II-VI Inc's Shiller P/E Ratio for today is 23.42.

IIVI' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.35   Max: 76.09
Current: 23.43

14.35
76.09

During the past 13 years, II-VI Inc's highest Shiller P/E Ratio was 76.09. The lowest was 14.35. And the median was 31.91.

IIVI's Shiller P/E Ratio is ranked higher than
54% of the 431 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. IIVI: 23.43 )

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.

II-VI Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.85 for the trailing ten years ended in Sep. 2015.


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.

II-VI Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=19.91/0.85
=23.42

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

II-VI Inc's E10 for the fiscal year that ended in Jun15 is calculated as:

For example, II-VI Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.27/237.945*237.945
=0.270

Current CPI (Sep. 2015) = 237.945.

II-VI Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.1500.1200.1300.2000.2000.3500.2300.2700.2700.300
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.1520.1230.1310.2000.2000.3550.2320.2690.2700.302
201103201106201109201112201203201206201209201212201303201306
per share eps 0.3600.3500.2900.2100.2200.2300.2000.1900.2500.160
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.3830.3690.3040.2210.2280.2380.2060.1970.2560.163
200809200812200903200906200909200912201003201006201009201012
per share eps 0.2850.1400.0800.1000.1050.1000.1650.2600.2900.300
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 0.3100.1580.0890.1100.1160.1100.1800.2840.3160.326
200603200606200609200612200703200706200709200712200803200806
per share eps 0.125-0.1450.1250.1500.1650.1850.1600.4400.2150.245
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.149-0.1700.1470.1770.1910.2110.1830.4980.2400.266

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.

II-VI Inc Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
ShillerPE 44.8653.7049.0427.3532.5544.2224.8921.9918.5422.67

II-VI Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 25.1423.3620.2218.5414.9416.9822.6422.6718.910.00
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