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As of today, IRIDEX Corp's current share price is $14.50. IRIDEX Corp's E10 for the quarter that ended in Mar. 2016 was $-0.24. IRIDEX Corp's Shiller P/E Ratio for today is .
During the past 13 years, IRIDEX Corp's highest Shiller P/E Ratio was 156.00. The lowest was 58.43. And the median was 77.33.
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.
IRIDEX Corp's adjusted earnings per share data for the three months ended in Mar. 2016 was $0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.24 for the trailing ten years ended in Mar. 2016.
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.
IRIDEX Corp's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
IRIDEX Corp's E10 for the fiscal year that ended in Dec15 is calculated as:
For example, IRIDEX Corp'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)|
Current CPI (Mar. 2016) = 238.132.
IRIDEX Corp Quarterly Data
|per share eps||0.039||0.050||0.030||0.050||0.856||0.020||-0.070||0.040||0.043||0.010|
|per share eps||0.090||0.030||0.077||0.180||0.030||-0.080||0.027||0.090||0.040||0.050|
|per share eps||-0.737||0.020||0.120||0.070||0.093||0.050||0.080||0.090||0.082||0.060|
|per share eps||-0.070||-0.150||-0.483||-0.610||-0.040||-0.150||-1.818||-0.100||0.030||-0.030|
Add all the adjusted EPS together and divide 10 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
IRIDEX Corp Annual Data
IRIDEX Corp Quarterly Data