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As of today, ITT Corp's current share price is $31.71. ITT Corp's E10 for the quarter that ended in Mar. 2016 was $5.35. ITT Corp's Shiller P/E Ratio for today is 5.93.
During the past 13 years, ITT Corp's highest Shiller P/E Ratio was 8.27. The lowest was 1.95. And the median was 3.46.
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 Mar. 2016 was $0.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.35 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.
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 Dec15 is calculated as:
For example, ITT 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.
ITT Corp Quarterly Data
|per share eps||0.121||0.350||0.410||0.860||0.364||0.460||1.580||1.450||0.406||0.410|
|per share eps||1.820||1.170||-5.664||0.030||0.180||0.780||0.347||0.220||0.280||4.690|
|per share eps||2.036||2.020||2.200||0.640||2.157||1.580||2.560||1.560||2.983||1.310|
|per share eps||1.500||1.540||1.498||1.520||2.320||2.500||1.721||1.880||2.400||2.360|
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