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KLA-Tencor Corp (NAS:KLAC)
Shiller P/E Ratio
27.50 (As of Today)

As of today, KLA-Tencor Corp's current share price is $66.54. KLA-Tencor Corp's E10 for the quarter that ended in Sep. 2015 was $2.42. KLA-Tencor Corp's Shiller P/E Ratio for today is 27.50.

KLAC' s 10-Year Shiller P/E Ratio Range
Min: 11.12   Max: 58.26
Current: 27.52


During the past 13 years, KLA-Tencor Corp's highest Shiller P/E Ratio was 58.26. The lowest was 11.12. And the median was 28.01.

KLAC's Shiller P/E Ratiois ranked higher than
67% of the 102 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 37.95 vs. KLAC: 27.52 )

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.

KLA-Tencor Corp's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.42 for the trailing ten years ended in Sep. 2015.


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.

KLA-Tencor Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

KLA-Tencor Corp's E10 for the fiscal year that ended in Jun15 is calculated as:

For example, KLA-Tencor Corp's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)

Current CPI (Sep. 2015) = 237.945.

KLA-Tencor Corp Quarterly Data

per share eps 0.7990.6600.8301.2100.7690.4300.1200.8100.8880.660
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.8140.6710.8471.2180.7680.4300.1220.8160.8850.660
per share eps 1.0901.2201.4291.1300.6601.2101.4540.8000.6300.980
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 1.1831.2991.5061.1850.6961.2551.5080.8230.6531.002
per share eps 0.4270.110-2.570-0.490-0.1500.1200.1300.3300.6580.910
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.4640.120-2.909-0.548-0.1650.1320.1430.3610.7180.991
per share eps 0.3800.4700.6470.6700.4400.7600.7480.4600.4500.610
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.4590.5600.7590.7860.5190.8810.8540.5250.5100.680

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.

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.

KLA-Tencor Corp Annual Data

ShillerPE 36.6041.2627.3422.3425.4425.6525.9225.5329.7123.46

KLA-Tencor Corp Quarterly Data

ShillerPE 25.5327.3328.2529.0029.7132.6230.2124.9723.4620.68
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