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

As of today, KLA-Tencor Corp's current share price is $77.25. KLA-Tencor Corp's E10 for the quarter that ended in Sep. 2016 was $2.69. KLA-Tencor Corp's Shiller P/E Ratio for today is 28.72.

KLAC' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11.12   Max: 46.55
Current: 28.8

11.12
46.55

During the past 13 years, KLA-Tencor Corp's highest Shiller P/E Ratio was 46.55. The lowest was 11.12. And the median was 27.62.

KLAC's Shiller P/E Ratio is ranked higher than
74% of the 100 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 40.58 vs. KLAC: 28.80 )

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 Sep. 2016 was $1.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.69 for the trailing ten years ended in Sep. 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
=77.25/2.69
=28.72

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

KLA-Tencor Corp's E10 for the fiscal year that ended in Jun16 is calculated as:

For example, KLA-Tencor Corp's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=1.13/241.428*241.428
=1.130

Current CPI (Sep. 2016) = 241.428.

KLA-Tencor Corp Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.7700.4300.1200.8100.8800.6600.9801.1201.7301.130
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.7800.4360.1230.8280.8900.6701.0001.1361.7331.130
201112201203201206201209201212201303201306201309201312201403
per share eps 0.6601.2101.4500.8000.6300.9800.8000.6600.8301.210
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.7061.2731.5260.8350.6621.0160.8270.6810.8601.236
200906200909200912201003201006201009201012201103201106201109
per share eps -0.1500.1200.1300.3300.6600.9101.0901.2201.4301.130
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS -0.1680.1340.1450.3660.7311.0061.2011.3181.5301.202
200612200703200706200709200712200803200806200809200812200903
per share eps 0.4400.7600.7400.4600.4500.6100.4300.110-2.570-0.490
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 0.5260.8940.8570.5330.5170.6900.4740.121-2.951-0.556

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 local exchange's currency.

KLA-Tencor Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ShillerPE 41.4027.4522.4325.5425.9725.9925.6229.5623.3527.52

KLA-Tencor Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 29.5632.7730.3424.8423.3520.7828.2228.9627.5225.87
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