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

As of today, KLA-Tencor Corp's current share price is $63.79. KLA-Tencor Corp's E10 for the quarter that ended in Dec. 2015 was $2.45. KLA-Tencor Corp's Shiller P/E Ratio for today is 26.04.

KLAC' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11.2   Max: 52.71
Current: 26.04

11.2
52.71

During the past 13 years, KLA-Tencor Corp's highest Shiller P/E Ratio was 52.71. The lowest was 11.20. And the median was 27.99.

KLAC's Shiller P/E Ratio is ranked higher than
66% of the 158 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 33.04 vs. KLAC: 26.04 )

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 Dec. 2015 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.45 for the trailing ten years ended in Dec. 2015.


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.

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

Shiller P/E Ratio=Share Price/E10
=63.79/2.45
=26.04

* 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 Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.98/236.525*236.525
=0.980

Current CPI (Dec. 2015) = 236.525.

KLA-Tencor Corp Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.6600.8301.2100.7700.4300.1200.8100.8800.6600.980
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.6670.8421.2110.7640.4270.1210.8110.8720.6560.980
201103201106201109201112201203201206201209201212201303201306
per share eps 1.2201.4301.1300.6601.2101.4500.8000.6300.9800.800
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 1.2911.4981.1780.6921.2481.4950.8180.6490.9960.810
200809200812200903200906200909200912201003201006201009201012
per share eps 0.110-2.570-0.490-0.1500.1200.1300.3300.6600.9101.090
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 0.119-2.891-0.545-0.1640.1310.1420.3590.7160.9851.176
200603200606200609200612200703200706200709200712200803200806
per share eps 0.4700.6400.6700.4400.7600.7400.4600.4500.6100.430
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.5560.7460.7810.5160.8750.8400.5220.5070.6760.465

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 own currency.

KLA-Tencor Corp Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
ShillerPE 36.4041.5927.5322.5325.6726.1026.0925.4829.6623.42

KLA-Tencor Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 27.2828.2028.9529.6632.5630.1624.9323.4220.6528.31
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK