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Sandstorm Gold Ltd. (AMEX:SAND)
Shiller P/E Ratio
0.00 (As of Today)

As of today, Sandstorm Gold Ltd.'s current share price is $5.37. Sandstorm Gold Ltd.'s E10 for the quarter that ended in Dec. 2013 was $-0.07. Sandstorm Gold Ltd.'s Shiller P/E Ratio for today is 0.00.

SAND' s 10-Year Shiller P/E Ratio Range
Min: 147   Max: 384
Current: 0

147
384

During the past 7 years, Sandstorm Gold Ltd.'s highest Shiller P/E Ratio was 384.00. The lowest was 147.00. And the median was 235.59.

SAND's Shiller P/E Ratiois ranked lower than
226% of the 537 Companies
in the Global Gold industry.

( Industry Median: 14.60 vs. SAND: 0.00 )

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.

Sandstorm Gold Ltd.'s adjusted earnings per share data for the three months ended in Dec. 2013 was $-0.439. 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 $-0.07 for the trailing six years ended in Dec. 2013.


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.

Sandstorm Gold Ltd.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=5.37/-0.07
=

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

Sandstorm Gold Ltd.'s E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Sandstorm Gold Ltd.'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
=-0.433/233.049*236.511
=-0.439

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

Sandstorm Gold Ltd. Quarterly Data

201106201109201112201203201206201209201212201306201309201312
per share eps 0.0300.0600.0630.0500.0600.0500.083-0.180-0.020-0.433
CPI 225.722226.889225.672229.392229.478231.407229.601233.504234.149233.049
Adj_EPS 0.0310.0630.0660.0520.0620.0510.085-0.182-0.020-0.439
200812200903200906200909200912201003201006201009201012201103
per share eps 0.000-0.0290.1000.000-0.022-0.1000.0000.0000.0450.000
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 0.000-0.0320.1100.000-0.024-0.1090.0000.0000.0490.000
200712200803200806200809
per share eps 0.000-0.0070.000-0.047
CPI 210.036213.528218.815218.783
Adj_EPS 0.000-0.0080.000-0.051

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.

Sandstorm Gold Ltd. Annual Data

Mar07Mar08Mar09Dec10Dec11Dec12Dec13
ShillerPE 0.000.000.000.000.000.000.000.000.000.00

Sandstorm Gold Ltd. Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Jun13Sep13Dec13
ShillerPE 0.000.000.000.000.000.000.00310.44202.100.00
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