Switch to:
Mitcham Industries, Inc. (NAS:MIND)
Shiller P/E Ratio
15.00 (As of Today)

As of today, Mitcham Industries, Inc.'s current share price is $13.64. Mitcham Industries, Inc.'s E10 for the quarter that ended in Jan. 2014 was $0.00. Mitcham Industries, Inc.'s Shiller P/E Ratio for today is 15.00.

MIND' s 10-Year Shiller P/E Ratio Range
Min: 4.05   Max: 85.71
Current: 15

4.05
85.71

During the past 13 years, Mitcham Industries, Inc.'s highest Shiller P/E Ratio was 85.71. The lowest was 4.05. And the median was 15.21.

MIND's Shiller P/E Ratiois ranked higher than
72% of the 89 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 20.75 vs. MIND: 15.00 )

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.

Mitcham Industries, Inc.'s adjusted earnings per share data for the three months ended in Jan. 2014 was $0.136. 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 $0.00 for the trailing six years ended in Jan. 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.

Mitcham Industries, Inc.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=13.64/0.00
=

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

Mitcham Industries, Inc.'s E10 for the fiscal year that ended in Jan14 is calculated as:

For example, Mitcham Industries, Inc.'s adjusted earnings per share data for the three months ended in Jan. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2014*CPI of Current
=0.135/233.916*236.511
=0.136

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

Current CPI = 236.511.

Mitcham Industries, Inc. Quarterly Data

201110201201201204201207201210201301201304201307201310201401
per share eps 0.5200.7700.6300.480-0.1000.2590.480-0.050-0.2100.135
CPI 226.421226.665230.085229.104231.317230.280232.531233.596233.546233.916
Adj_EPS 0.5430.8030.6480.496-0.1020.2660.488-0.051-0.2130.136
200904200907200910201001201004201007201010201101201104201107
per share eps -0.010-0.1000.1000.0560.240-0.0100.0700.1690.5800.110
CPI 213.240215.351216.177216.687218.009218.011218.711220.223224.906225.922
Adj_EPS -0.011-0.1100.1090.0610.260-0.0110.0760.1810.6100.115
200804200807200810200901
per share eps 0.4100.1600.2700.042
CPI 214.823219.964216.573211.143
Adj_EPS 0.4510.1720.2950.047

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.

Mitcham Industries, Inc. Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ShillerPE -10.20-78.10-123.0870.025.989.7813.7023.1814.860.00

Mitcham Industries, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ShillerPE 16.0823.1823.7716.7113.8514.8614.6417.2018.390.00
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)
Free 7-day Trial
FEEDBACK
Hide