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China Petroleum & Chemical Corp (NYSE:SNP)
Shiller P/E Ratio
7.74 (As of Today)

As of today, China Petroleum & Chemical Corp's current share price is $63.58. China Petroleum & Chemical Corp's E10 for the quarter that ended in Mar. 2015 was $8.21. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 7.74.

SNP' s 10-Year Shiller P/E Ratio Range
Min: 2.3   Max: 74
Current: 7.43

2.3
74

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 74.00. The lowest was 2.30. And the median was 12.85.

SNP's Shiller P/E Ratiois ranked higher than
74% of the 35 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 10.63 vs. SNP: 7.43 )

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.

China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2015 was $0.292. 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 $8.21 for the trailing six years ended in Mar. 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.

China Petroleum & Chemical Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=63.58/8.21
=7.74

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

China Petroleum & Chemical Corp's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2015*CPI of Current
=0.28852627192/236.119*238.662
=0.292

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

Current CPI = 238.662.

China Petroleum & Chemical Corp Quarterly Data

201209201212201303201306201309201312201403201406201412201503
per share eps 2.4213.0162.3171.6632.8761.7781.9442.5200.0000.289
CPI 231.407229.601232.773233.504234.149233.049236.293238.343234.812236.119
Adj_EPS 2.4973.1352.3761.7002.9311.8211.9632.5230.0000.292
201003201006201009201012201103201106201109201112201203201206
per share eps 2.3403.031209.349-206.7693.2683.1733.2161.7472.2031.099
CPI 217.631217.965218.439219.179223.467225.722226.889225.672229.392229.478
Adj_EPS 2.5663.319228.730-225.1483.4903.3553.3831.8482.2921.143
200903200906200909200912
per share eps 1.7263.342-4.6829.151
CPI 212.709215.693215.969215.949
Adj_EPS 1.9363.698-5.17410.113

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.

China Petroleum & Chemical Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 15.0629.1555.660.0026.2813.5010.449.206.970.00

China Petroleum & Chemical Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Dec14Mar15
ShillerPE 7.999.209.906.286.586.977.857.860.0010.04
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