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

As of today, II-VI Inc's current share price is $31.05. II-VI Inc's E10 for the quarter that ended in Sep. 2016 was $0.93. II-VI Inc's Shiller P/E Ratio for today is 33.39.

IIVI' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.54   Max: 76.09
Current: 32.43

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 28.57.

IIVI's Shiller P/E Ratio is ranked higher than
51% of the 346 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 31.70 vs. IIVI: 32.43 )

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 of for the fiscal year that ended in Jun16 was $1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.93 for the trailing ten years ended in Jun16.


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
=31.05/0.93
=33.39

* 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 quarter that ended in Sep. 2016 is calculated as:

For example, II-VI Inc's adjusted earnings per share data for the fiscal year that ended in Jun16 was:

Adj_EPS=Earnigns per Share/CPI of Jun16 (Change)*Current CPI (Jun16)
=1.04/241.018*241.018
=1.040

Current CPI (Jun16) = 241.018.

II-VI Inc Annual Data

200706200806200906201006201106201206201306201406201506201606
per share eps 0.6251.0550.6100.6301.3000.9400.8000.6001.0501.040
CPI 208.352218.815215.693217.965225.722229.478233.504238.343238.638241.018
Adj_EPS 0.7231.1620.6820.6971.3880.9870.8260.6071.0601.040

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 53.7549.1327.3932.5943.9524.7622.0918.4622.5720.11

II-VI Inc Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 18.4615.0117.0622.5322.5719.0121.4424.8120.1125.78
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