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

As of today, China Petroleum & Chemical Corporation's current share price is $90.47. China Petroleum & Chemical Corporation's E10 for the quarter that ended in Dec. 2013 was $0.00. China Petroleum & Chemical Corporation's Shiller P/E Ratio for today is 9.21.

SNP' s 10-Year Shiller P/E Ratio Range
Min: 1.54   Max: 83.55
Current: 9.21

1.54
83.55

During the past 13 years, China Petroleum & Chemical Corporation's highest Shiller P/E Ratio was 83.55. The lowest was 1.54. And the median was 17.62.

SNP's Shiller P/E Ratiois ranked higher than
94% of the 126 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 10.81 vs. SNP: 9.21 )

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 Corporation's adjusted earnings per share data for the three months ended in Dec. 2013 was $1.878. 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 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.

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

Shiller P/E Ratio=Share Price/E10
=90.47/0.00
=

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

China Petroleum & Chemical Corporation's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, China Petroleum & Chemical Corporation'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
=1.85093372996/233.049*236.511
=1.878

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

Current CPI = 236.511.

China Petroleum & Chemical Corporation Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 293.051-291.4761.8671.4372.4442.9552.3381.6532.8841.851
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 305.479-305.4761.9251.4812.4983.0442.3751.6742.9131.878
200903200906200909200912201003201006201009201012201103201106
per share eps 1.4612.817-3.8987.7442.3402.218-4.0818.9192.7812.692
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 1.6253.089-4.2698.4812.5432.407-4.4199.6242.9442.821
200803200806200809200812
per share eps 0.0030.3370.0000.000
CPI 213.528218.815218.783210.228
Adj_EPS 0.0040.3650.0000.000

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 Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.0016.9032.6162.830.0029.5115.1813.0711.160.00

China Petroleum & Chemical Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 1.5513.0712.3010.449.7711.1611.927.537.820.00
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