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

As of today, Mettler-Toledo International Inc's current share price is $368.96. Mettler-Toledo International Inc's E10 for the quarter that ended in Mar. 2016 was $8.43. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 43.77.

MTD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.97   Max: 45.73
Current: 43.78

14.97
45.73

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 45.73. The lowest was 14.97. And the median was 36.97.

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

( Industry Median: 34.99 vs. MTD: 43.78 )

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 $8.43 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
=368.96/8.43
=43.77

* 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 3.6231.9302.4902.8904.1722.1902.7303.1604.4452.400
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 3.7021.9452.4882.8914.2312.2092.7243.1624.4752.400
201106201109201112201203201206201209201212201303201306201309
per share eps 1.8202.0902.9111.6201.9302.2803.3461.6902.2402.430
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.9202.1943.0721.6822.0032.3463.4701.7292.2842.471
200812200903200906200909200912201003201006201009201012201103
per share eps 1.8421.0000.8101.2102.0091.1001.4901.8202.4061.410
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 2.0861.1200.8941.3342.2151.2041.6281.9842.6141.503
200606200609200612200703200706200709200712200803200806200809
per share eps 0.8401.1601.3110.7801.0701.1601.7161.0601.3801.520
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.9861.3611.5470.9051.2231.3251.9461.1821.5021.654

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 0.0043.9622.2130.2638.0631.2135.7238.8242.2641.87

Mettler-Toledo International Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 38.8236.5337.8737.0842.2644.9044.8536.2441.8740.88
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