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Oil-Dri Corp of America (NYSE:ODC)
Shiller P/E Ratio
22.15 (As of Today)

As of today, Oil-Dri Corp of America's current share price is $31.01. Oil-Dri Corp of America's E10 for the quarter that ended in Jan. 2015 was $1.40. Oil-Dri Corp of America's Shiller P/E Ratio for today is 22.15.

ODC' s 10-Year Shiller P/E Ratio Range
Min: 12.23   Max: 28.62
Current: 22.11

12.23
28.62

During the past 13 years, Oil-Dri Corp of America's highest Shiller P/E Ratio was 28.62. The lowest was 12.23. And the median was 18.28.

ODC's Shiller P/E Ratiois ranked higher than
84% of the 1616 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 0.00 vs. ODC: 22.11 )

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.

Oil-Dri Corp of America's adjusted earnings per share data for the three months ended in Jan. 2015 was $0.396. 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 $1.40 for the trailing six years ended in Jan. 2015.


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.

Oil-Dri Corp of America's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=31.01/1.40
=22.15

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

Oil-Dri Corp of America's E10 for the fiscal year that ended in Jul14 is calculated as:

For example, Oil-Dri Corp of America's adjusted earnings per share data for the three months ended in Jan. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2015*CPI of Current
=0.39/233.707*237.167
=0.396

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 237.167.

Oil-Dri Corp of America Quarterly Data

201210201301201304201307201310201401201404201407201410201501
per share eps 0.6400.3100.4600.6810.4100.6000.1000.0660.3000.390
CPI 231.317230.280232.531233.596233.546233.916237.072238.250237.433233.707
Adj_EPS 0.6560.3190.4690.6910.4160.6080.1000.0660.3000.396
201004201007201010201101201104201107201110201201201204201207
per share eps 0.3500.3330.3500.2500.2600.4080.1500.4500.260-0.022
CPI 218.009218.011218.711220.223224.906225.922226.421226.665230.085229.104
Adj_EPS 0.3810.3620.3800.2690.2740.4280.1570.4710.268-0.023
200904200907200910201001
per share eps 0.3300.3530.3000.310
CPI 213.240215.351216.177216.687
Adj_EPS 0.3670.3890.3290.339

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.

Oil-Dri Corp of America Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
ShillerPE 36.2733.4625.8918.5815.0319.1316.8217.6422.5620.75

Oil-Dri Corp of America Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
ShillerPE 17.0221.1020.3522.5625.0823.2823.0220.7521.5721.84
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