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

As of today, II-VI Inc's current share price is $24.06. II-VI Inc's E10 for the quarter that ended in Mar. 2016 was $0.88. II-VI Inc's Shiller P/E Ratio for today is 27.34.

IIVI' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.35   Max: 76.09
Current: 27.42

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 28.94.

IIVI's Shiller P/E Ratio is ranked higher than
55% of the 339 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 29.79 vs. IIVI: 27.42 )

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 Mar. 2016 was $0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.88 for the trailing ten years ended in Mar. 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
=24.06/0.88
=27.34

* 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 Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.24/238.132*238.132
=0.240

Current CPI (Mar. 2016) = 238.132.

II-VI Inc Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 0.1300.2000.2000.3500.2300.2700.2700.3000.2400.230
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.1310.2000.2000.3550.2320.2690.2700.3020.2400.227
201109201112201203201206201209201212201303201306201309201312
per share eps 0.2900.2100.2200.2300.2000.1900.2500.1600.1500.120
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.3040.2220.2280.2390.2060.1970.2560.1630.1530.123
200903200906200909200912201003201006201009201012201103201106
per share eps 0.0800.1000.1050.1000.1650.2600.2900.3000.3600.350
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.0900.1100.1160.1100.1810.2840.3160.3260.3840.369
200609200612200703200706200709200712200803200806200809200812
per share eps 0.1250.1500.1650.1850.1600.4400.2150.2450.2850.140
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.1470.1770.1910.2110.1830.4990.2400.2670.3100.159

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

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ShillerPE 53.6549.0227.3432.5343.8424.9122.0218.5722.7020.23

II-VI Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 20.2518.5714.9617.0022.6722.7018.9421.5624.7220.23
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK