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Kratos Defense & Security Solutions Inc (NAS:KTOS)
Shiller P/E Ratio
(As of Today)

As of today, Kratos Defense & Security Solutions Inc's current share price is $4.85. Kratos Defense & Security Solutions Inc's E10 for the quarter that ended in Sep. 2014 was $-3.25. Kratos Defense & Security Solutions Inc's Shiller P/E Ratio for today is .

KTOS' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 12.2
Current: 0

0
12.2

During the past 13 years, Kratos Defense & Security Solutions Inc's highest Shiller P/E Ratio was 12.20. The lowest was 0.00. And the median was 3.83.

KTOS's Shiller P/E Ratiois ranked higher than
59% of the 310 Companies
in the Global Security & Protection Services industry.

( Industry Median: 9999.00 vs. KTOS: 0.00 )

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.

Kratos Defense & Security Solutions Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was $-0.188. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $-3.25 for the trailing six years ended in Sep. 2014.


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.

Kratos Defense & Security Solutions Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=4.85/-3.25
=

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

Kratos Defense & Security Solutions Inc's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Kratos Defense & Security Solutions Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=-0.19/238.031*235.51
=-0.188

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 235.51.

Kratos Defense & Security Solutions Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps -0.410-0.070-1.601-0.180-0.170-0.170-0.130-0.260-0.870-0.190
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS -0.421-0.071-1.642-0.182-0.171-0.171-0.131-0.259-0.860-0.188
200912201003201006201009201012201103201106201109201112201203
per share eps 0.0250.0200.6500.1900.022-0.170-0.220-0.220-0.255-0.090
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.0270.0220.7020.2050.024-0.179-0.230-0.228-0.266-0.092
200812200903200906200909
per share eps -10.457-3.290-0.1900.190
CPI 210.228212.709215.693215.969
Adj_EPS -11.715-3.643-0.2070.207

Add all the adjusted EPS together and divide 6 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.

Kratos Defense & Security Solutions Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.008.906.565.223.112.33-2.63-1.100.000.00

Kratos Defense & Security Solutions Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE -1.06-1.050.000.000.000.000.000.000.000.00
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