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

As of today, China Petroleum & Chemical Corp's current share price is $97.64. China Petroleum & Chemical Corp's E10 for the quarter that ended in Mar. 2014 was $8.45. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 9.00.

SNP' s 10-Year Shiller P/E Ratio Range
Min: 7.08   Max: 89.31
Current: 9

7.08
89.31

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 89.31. The lowest was 7.08. And the median was 17.94.

SNP's Shiller P/E Ratiois ranked higher than
98% of the 203 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 14.72 vs. SNP: 9.00 )

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.

China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2014 was $1.948. 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 $8.45 for the trailing six years ended in Mar. 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
=97.64/8.45
=11.56

* 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 Dec13 is calculated as:

For example, China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2014*CPI of Current
=1.92771084337/236.293*238.786
=1.948

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

Current CPI = 238.786.

China Petroleum & Chemical Corp Quarterly Data

201112201203201206201209201212201303201306201309201312201403
per share eps 1.4861.8671.4332.4433.0222.3281.6632.8841.7851.928
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 1.5721.9431.4912.5213.1422.3881.7002.9411.8291.948
200906200909200912201003201006201009201012201103201106201109
per share eps 2.829-3.8677.7442.5182.038229.068-226.9502.7812.6922.729
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 3.131-4.2758.5632.7632.233250.405-247.2532.9722.8482.872
200806200809200812200903
per share eps 0.3370.0000.0001.461
CPI 218.815218.783210.228212.709
Adj_EPS 0.3680.0000.0001.641

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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.0017.7934.4265.660.0030.8915.8812.2910.547.76

China Petroleum & Chemical Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ShillerPE 12.2911.609.869.2310.5411.257.107.387.768.70
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