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Mettler-Toledo International Inc (NYSE:MTD)
Shiller P/E Ratio
45.86 (As of Today)

As of today, Mettler-Toledo International Inc's current share price is $387.08. Mettler-Toledo International Inc's E10 for the quarter that ended in Mar. 2016 was $8.44. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 45.86.

MTD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.97   Max: 46.14
Current: 45.85

14.97
46.14

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 46.14. The lowest was 14.97. And the median was 37.02.

MTD's Shiller P/E Ratio is ranked lower than
59% of the 49 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 38.01 vs. MTD: 45.85 )

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.

Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Mar. 2016 was $2.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.44 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.

Mettler-Toledo International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=387.08/8.44
=45.86

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

Mettler-Toledo International Inc's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Mettler-Toledo International Inc'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)
=2.4/238.132*238.132
=2.400

Current CPI (Mar. 2016) = 238.132.

Mettler-Toledo International Inc Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 3.6101.9302.4902.8904.1402.1902.7303.1604.4102.400
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 3.6891.9452.4882.8914.1992.2092.7243.1624.4402.400
201106201109201112201203201206201209201212201303201306201309
per share eps 1.8202.0902.9001.6201.9302.2803.3201.6902.2402.430
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.9202.1943.0601.6822.0032.3463.4431.7292.2842.471
200812200903200906200909200912201003201006201009201012201103
per share eps 1.8301.0000.8101.2102.0101.1001.4901.8202.3901.410
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 2.0731.1200.8941.3342.2161.2041.6281.9842.5971.503
200606200609200612200703200706200709200712200803200806200809
per share eps 0.8401.1601.3000.7801.0701.1601.6901.0601.3801.520
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.9861.3611.5340.9051.2231.3251.9161.1821.5021.654

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.

Mettler-Toledo International Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 0.0044.2222.3430.4237.9531.4035.6438.7642.6141.82

Mettler-Toledo International Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 38.7636.4737.8137.0242.6144.8444.7936.1941.8240.84
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