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

As of today, KLA-Tencor Corp's current share price is $69.94. KLA-Tencor Corp's E10 for the quarter that ended in Mar. 2016 was $2.52. KLA-Tencor Corp's Shiller P/E Ratio for today is 27.75.

KLAC' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11.05   Max: 46.55
Current: 27.8

11.05
46.55

During the past 13 years, KLA-Tencor Corp's highest Shiller P/E Ratio was 46.55. The lowest was 11.05. And the median was 27.74.

KLAC's Shiller P/E Ratio is ranked higher than
65% of the 99 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 38.01 vs. KLAC: 27.80 )

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 Mar. 2016 was $1.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.52 for the trailing ten years ended in Mar. 2016.


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
=69.94/2.52
=27.75

* 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 Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=1.12/237.208*237.208
=1.120

Current CPI (Mar. 2016) = 237.208.

KLA-Tencor Corp Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 0.8301.2100.7690.4300.1200.8100.8880.6600.9801.120
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525237.208
Adj_EPS 0.8451.2150.7650.4290.1210.8140.8830.6580.9831.120
201106201109201112201203201206201209201212201303201306201309
per share eps 1.4291.1300.6601.2101.4540.8000.6300.9800.7990.660
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.5021.1810.6941.2511.5030.8200.6510.9990.8120.669
200812200903200906200909200912201003201006201009201012201103
per share eps -2.570-0.490-0.1500.1200.1300.3300.6580.9101.0901.220
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS -2.900-0.546-0.1650.1320.1430.3600.7160.9881.1801.295
200606200609200612200703200706200709200712200803200806200809
per share eps 0.6470.6700.4400.7600.7480.4600.4500.6100.4270.110
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.7560.7830.5170.8780.8520.5230.5080.6780.4630.119

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 36.6741.3127.1322.3825.4925.6725.7225.5829.7923.30

KLA-Tencor Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 28.3128.7929.7932.7030.2924.7923.3020.7428.1628.91
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