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

As of today, China Petroleum & Chemical Corp's current share price is $91.73. China Petroleum & Chemical Corp's E10 for the quarter that ended in Jun. 2014 was $12.44. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 7.37.

SNP' s 10-Year Shiller P/E Ratio Range
Min: 2.3   Max: 74
Current: 10.9

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 13.33.

SNP's Shiller P/E Ratiois ranked higher than
92% of the 273 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 16.50 vs. SNP: 10.90 )

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 Jun. 2014 was $2.504. 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 $12.44 for the trailing six years ended in Jun. 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.

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

Shiller P/E Ratio=Share Price/E10
=91.73/12.44
=7.37

* 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 Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=2.51982152602/238.343*236.818
=2.504

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

Current CPI = 236.818.

China Petroleum & Chemical Corp Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 2.2031.7002.8633.4862.7501.2242.8761.7781.9442.520
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 2.2751.7552.9293.5952.7981.2422.9091.8071.9482.504
200706200712200806200812200906200912201006201012201106201112
per share eps 2.3953.4840.3950.0003.3299.1513.03110.5713.173-288.268
CPI 208.352210.036218.815210.228215.693215.949217.965219.179225.722225.672
Adj_EPS 2.7223.9280.4280.0003.65510.0353.29311.4223.329-302.506
200506200512200606200612
per share eps 1.2631.4040.0141.631
CPI 194.500196.800202.900201.800
Adj_EPS 1.5381.6890.0161.914

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 14.3527.7052.920.0024.9612.8510.378.996.810.00

China Petroleum & Chemical Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 9.878.397.868.999.516.136.426.817.677.69
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