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II-VI Inc (NAS:IIVI)
Shiller PE Ratio
40.83 (As of Today)

As of today, II-VI Inc's current share price is $39.20. II-VI Inc's E10 for the quarter that ended in Dec. 2016 was $0.96. II-VI Inc's Shiller P/E Ratio for today is 40.83.

IIVI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 14.35   Max: 78.48
Current: 40.79

14.35
78.48

During the past 13 years, II-VI Inc's highest Shiller P/E Ratio was 78.48. The lowest was 14.35. And the median was 28.71.

IIVI's Shiller PE Ratio is ranked lower than
54% of the 346 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 34.50 vs. IIVI: 40.79 )

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 Dec. 2016 was $0.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.96 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.

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

Shiller P/E Ratio=Share Price/E10
=39.20/0.96
=40.83

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

II-VI Inc's E10 for the fiscal year that ended in Jun16 is calculated as:

For example, II-VI Inc'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)
=0.37/241.432*241.432
=0.370

Current CPI (Dec. 2016) = 241.432.

II-VI Inc Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 0.2000.3500.2300.2700.2700.3000.2400.2300.2600.370
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.2030.3600.2350.2730.2740.3060.2430.2300.2600.370
201203201206201209201212201303201306201309201312201403201406
per share eps 0.2200.2300.2000.1900.2500.1600.1500.1200.1300.200
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.2320.2420.2090.2000.2590.1650.1550.1240.1330.203
200909200912201003201006201009201012201103201106201109201112
per share eps 0.1050.1000.1650.2600.2900.3000.3600.3500.2900.210
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.1170.1120.1830.2880.3210.3300.3890.3740.3090.225
200703200706200709200712200803200806200809200812200903200906
per share eps 0.1650.1850.1600.4400.2150.2450.2850.1400.0800.100
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.1940.2140.1850.5060.2430.2700.3150.1610.0910.112

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.

II-VI Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ShillerPE 53.8348.7727.4432.6444.0224.8021.9218.4922.6120.15

II-VI Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 14.9017.0922.5722.6118.8621.4824.6220.1525.8330.86
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