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As of today, ITT Corp's current share price is $42.15. ITT Corp's E10 for the quarter that ended in Dec. 2016 was $5.05. ITT Corp's Shiller P/E Ratio for today is 8.35.
During the past 13 years, ITT Corp's highest Shiller P/E Ratio was 8.69. The lowest was 2.04. And the median was 3.69.
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.
ITT Corp's adjusted earnings per share data for the three months ended in Dec. 2016 was $0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.05 for the trailing ten years ended in Dec. 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.
ITT Corp's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
ITT Corp's E10 for the fiscal year that ended in Dec16 is calculated as:
For example, ITT Corp's adjusted earnings per share data for the three months ended in Dec. 2016 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Dec. 2016 (Change)||*||Current CPI (Dec. 2016)|
Current CPI (Dec. 2016) = 241.432.
ITT Corp Quarterly Data
|per share eps||0.860||0.370||0.460||1.580||1.450||0.410||0.410||0.360||1.000||0.290|
|per share eps||0.030||0.180||0.780||0.340||0.220||0.280||4.690||0.120||0.350||0.410|
|per share eps||0.640||2.160||1.580||2.560||1.560||2.990||1.310||1.820||1.170||-5.710|
|per share eps||1.520||2.320||2.500||1.720||1.880||2.400||2.360||2.040||2.020||2.200|
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.
ITT Corp Annual Data
ITT Corp Quarterly Data