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As of today, ORBCOMM, Inc.'s current share price is $6.67. ORBCOMM, Inc.'s E10 for the quarter that ended in Dec. 2013 was $-0.01. ORBCOMM, Inc.'s Shiller P/E Ratio for today is 0.00.
During the past 13 years, ORBCOMM, Inc.'s highest Shiller P/E Ratio was 0.01. The lowest was -39.10. And the median was 0.01.
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.
ORBCOMM, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was $0.016. 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 $-0.01 for the trailing six years ended in Dec. 2013.
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.
ORBCOMM, Inc.'s Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
ORBCOMM, Inc.'s E10 for the fiscal year that ended in Dec13 is calculated as:
For example, ORBCOMM, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Dec. 2013||*||CPI of Current|
Since most companies do not have as long as 10 years history, here we use 6 years to calculate:
Current CPI = 236.511.
ORBCOMM, Inc. Quarterly Data
|per share eps||0.010||0.015||0.050||0.040||0.050||0.044||0.020||0.030||0.020||0.016|
|per share eps||-0.220||-0.010||-0.030||0.172||-0.020||-0.080||-0.010||-0.012||-0.020||-0.010|
|per share eps||-0.010||-0.020||-0.020||-0.048|
Add all the adjusted EPS together and divide 6 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
ORBCOMM, Inc. Annual Data
ORBCOMM, Inc. Quarterly Data