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

As of today, Oil-Dri Corp of America's current share price is $30.37. Oil-Dri Corp of America's E10 for the quarter that ended in Oct. 2014 was $1.38. Oil-Dri Corp of America's Shiller P/E Ratio for today is 22.01.

ODC' s 10-Year Shiller P/E Ratio Range
Min: 12.23   Max: 28.62
Current: 22.03

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 18.19.

ODC's Shiller P/E Ratiois ranked higher than
83% of the 1182 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 48.22 vs. ODC: 22.03 )

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 Oct. 2014 was $0.295. 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 $1.38 for the trailing six years ended in Oct. 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.

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

Shiller P/E Ratio=Share Price/E10
=30.37/1.38
=22.01

* 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 Oct. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2014*CPI of Current
=0.3/237.433*233.808
=0.295

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

Current CPI = 233.808.

Oil-Dri Corp of America Quarterly Data

201207201210201301201304201307201310201401201404201407201410
per share eps -0.0220.6400.3100.4600.6810.4100.6000.1000.0660.300
CPI 229.104231.317230.280232.531233.596233.546233.916237.072238.250237.433
Adj_EPS -0.0220.6470.3150.4630.6820.4100.6000.0990.0650.295
201001201004201007201010201101201104201107201110201201201204
per share eps 0.3100.3500.3330.3500.2500.2600.4080.1500.4500.260
CPI 216.687218.009218.011218.711220.223224.906225.922226.421226.665230.085
Adj_EPS 0.3340.3750.3570.3740.2650.2700.4220.1550.4640.264
200901200904200907200910
per share eps 0.3300.3300.3530.300
CPI 211.143213.240215.351216.177
Adj_EPS 0.3650.3620.3830.324

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 36.2733.4625.8918.5114.9719.0516.7517.5622.4620.65

Oil-Dri Corp of America Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ShillerPE 17.5616.9421.2220.4522.4624.9623.4023.1420.6521.89
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