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

As of today, Kratos Defense & Security Solutions Inc's current share price is $7.69. Kratos Defense & Security Solutions Inc's E10 for the quarter that ended in Dec. 2013 was $-3.02. Kratos Defense & Security Solutions Inc's Shiller P/E Ratio for today is 0.00.

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 lower than
221% of the 89 Companies
in the Global Security & Protection Services industry.

( Industry Median: 20.75 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 Dec. 2013 was $-0.132. 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 $-3.02 for the trailing six years ended in Dec. 2013.


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
=7.69/-3.02
=

* 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 Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=-0.13/233.049*236.511
=-0.132

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

Kratos Defense & Security Solutions Inc Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps -0.220-0.255-0.090-0.410-0.070-1.601-0.180-0.170-0.170-0.130
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS -0.229-0.267-0.093-0.423-0.072-1.649-0.183-0.172-0.172-0.132
200903200906200909200912201003201006201009201012201103201106
per share eps -3.290-0.1900.1900.0250.0200.6500.1900.022-0.170-0.220
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS -3.658-0.2080.2080.0270.0220.7050.2060.024-0.180-0.231
200803200806200809200812
per share eps -0.2000.100-0.020-10.457
CPI 213.528218.815218.783210.228
Adj_EPS -0.2220.108-0.022-11.764

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

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE -1.19-1.10-0.98-1.06-1.050.000.000.000.000.00
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