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

As of today, Mettler-Toledo International Inc's current share price is $414.38. Mettler-Toledo International Inc's E10 for the quarter that ended in Jun. 2016 was $8.62. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 48.07.

MTD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 15.02   Max: 48.12
Current: 48.12

15.02
48.12

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 48.12. The lowest was 15.02. And the median was 37.25.

MTD's Shiller P/E Ratio is ranked lower than
57% of the 49 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 44.27 vs. MTD: 48.12 )

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 Jun. 2016 was $2.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.62 for the trailing ten years ended in Jun. 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
=414.38/8.62
=48.07

* 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 Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=2.93/241.038*241.038
=2.930

Current CPI (Jun. 2016) = 241.038.

Mettler-Toledo International Inc Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 1.9302.4902.8904.1402.1902.7303.1604.4102.4002.930
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 1.9692.5182.9274.2502.2362.7573.2014.4942.4292.930
201109201112201203201206201209201212201303201306201309201312
per share eps 2.0902.9001.6201.9302.2803.3201.6902.2402.4303.610
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 2.2203.0971.7022.0272.3753.4851.7502.3122.5013.734
200903200906200909200912201003201006201009201012201103201106
per share eps 1.0000.8101.2102.0101.1001.4901.8202.3901.4101.820
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 1.1330.9051.3502.2441.2181.6482.0082.6281.5211.943
200609200612200703200706200709200712200803200806200809200812
per share eps 1.1601.3000.7801.0701.1601.6901.0601.3801.5201.830
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 1.3781.5530.9161.2381.3411.9391.1971.5201.6752.098

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 0.0044.0222.2330.2838.1131.5235.7638.8842.3341.94

Mettler-Toledo International Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 36.5837.9237.1342.3344.9744.9236.2941.9441.3442.35
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