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

As of today, II-VI Inc's current share price is $29.96. II-VI Inc's E10 for the quarter that ended in Sep. 2016 was $0.94. II-VI Inc's Shiller P/E Ratio for today is 31.87.

IIVI' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.35   Max: 76.09
Current: 31.84

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 28.81.

IIVI's Shiller P/E Ratio is ranked higher than
50% of the 341 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 32.51 vs. IIVI: 31.84 )

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. 2016 was $0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.94 for the trailing ten years ended in Sep. 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
=29.96/0.94
=31.87

* 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 Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.26/241.428*241.428
=0.260

Current CPI (Sep. 2016) = 241.428.

II-VI Inc Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.2000.2000.3500.2300.2700.2700.3000.2400.2300.260
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.2030.2030.3600.2350.2730.2740.3060.2430.2300.260
201112201203201206201209201212201303201306201309201312201403
per share eps 0.2100.2200.2300.2000.1900.2500.1600.1500.1200.130
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.2250.2320.2420.2090.2000.2590.1650.1550.1240.133
200906200909200912201003201006201009201012201103201106201109
per share eps 0.1000.1050.1000.1650.2600.2900.3000.3600.3500.290
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.1120.1170.1120.1830.2880.3210.3300.3890.3740.309
200612200703200706200709200712200803200806200809200812200903
per share eps 0.1500.1650.1850.1600.4400.2150.2450.2850.1400.080
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 0.1790.1940.2140.1850.5060.2430.2700.3140.1610.091

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 53.9348.8327.4832.6844.0724.8221.9418.5122.6320.17

II-VI Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 18.5114.9117.1122.5922.6318.8821.5024.6420.1725.85
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