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Sycamore Networks Inc (OTCPK:SCMR)
Shiller P/E Ratio
(As of Today)

As of today, Sycamore Networks Inc's current share price is $0.35. Sycamore Networks Inc's E10 for the quarter that ended in Oct. 2014 was $0.00. Sycamore Networks Inc's Shiller P/E Ratio for today is .

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

SCMR's Shiller P/E Ratiois ranked higher than
72% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. SCMR: 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.

Sycamore Networks Inc's adjusted earnings per share data for the three months ended in Oct. 2014 was $0.000. 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 $0.00 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.

Sycamore Networks Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=0.35/0.00
=

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

Sycamore Networks Inc's E10 for the fiscal year that ended in Jul12 is calculated as:

For example, Sycamore Networks Inc'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
=0/237.433*235.51
=0.000

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

Current CPI = 235.51.

Sycamore Networks Inc Quarterly Data

201101201104201107201110201201201204201207201210201301201410
per share eps -0.120-0.140-0.126-0.060-0.130-0.180-0.087-0.230-0.1800.000
CPI 220.223224.906225.922226.421226.665230.085229.104231.317230.280237.433
Adj_EPS -0.128-0.147-0.131-0.062-0.135-0.184-0.089-0.234-0.1840.000
200807200810200901200904200907200910201001201004201007201010
per share eps -0.497-0.200-0.360-0.100-1.231-0.370-0.040-0.1300.018-0.230
CPI 219.964216.573211.143213.240215.351216.177216.687218.009218.011218.711
Adj_EPS -0.532-0.217-0.402-0.110-1.346-0.403-0.043-0.1400.019-0.248
200707200710200801200804
per share eps -0.2180.2000.300-0.100
CPI 208.299208.936211.080214.823
Adj_EPS -0.2460.2250.335-0.110

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.

Sycamore Networks Inc Annual Data

Jul03Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12
ShillerPE 0.000.000.00-5.94-10.49-36.14-40.26-39.93-38.71-19.68

Sycamore Networks Inc Quarterly Data

Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13Oct14
ShillerPE -37.95-48.59-38.71-34.51-31.49-21.19-19.68-8.810.000.00
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