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

As of today, II-VI Inc's current share price is $20.86. II-VI Inc's E10 for the quarter that ended in Dec. 2015 was $0.86. II-VI Inc's Shiller P/E Ratio for today is 24.26.

IIVI' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.54   Max: 76.09
Current: 24.13

14.54
76.09

During the past 13 years, II-VI Inc's highest Shiller P/E Ratio was 76.09. The lowest was 14.54. And the median was 30.64.

IIVI's Shiller P/E Ratio is ranked higher than
55% of the 323 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 27.55 vs. IIVI: 24.13 )

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. 2015 was $0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.86 for the trailing ten years ended in Dec. 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
=20.86/0.86
=24.26

* 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 Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.3/236.525*236.525
=0.300

Current CPI (Dec. 2015) = 236.525.

II-VI Inc Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 0.1200.1300.2000.2000.3500.2300.2730.2700.3000.237
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 0.1220.1300.1980.1990.3530.2300.2710.2680.3000.235
201106201109201112201203201206201209201212201303201306201309
per share eps 0.3480.2900.2100.2200.2240.2000.1900.2500.1580.150
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 0.3650.3020.2200.2270.2310.2040.1960.2540.1600.152
200812200903200906200909200912201003201006201009201012201103
per share eps 0.1400.0800.1020.1050.1000.1650.2510.2900.3000.360
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 0.1580.0890.1120.1150.1100.1790.2720.3140.3240.381
200606200609200612200703200706200709200712200803200806200809
per share eps -0.1500.1250.1500.1650.1870.1600.4400.2150.2440.285
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS -0.1750.1460.1760.1900.2120.1820.4950.2380.2640.308

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 44.4753.2748.3627.4432.7044.0724.8322.1418.6822.60

II-VI Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 23.5320.1718.6815.0417.0922.5722.6019.0421.470.00
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