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

As of today, China Petroleum & Chemical Corp's current share price is $71.46. China Petroleum & Chemical Corp's E10 for the quarter that ended in Sep. 2016 was $8.81. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 8.11.

SNP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.36   Max: 32.85
Current: 9.44

7.36
32.85

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 32.85. The lowest was 7.36. And the median was 10.94.

SNP's Shiller P/E Ratio is ranked higher than
83% of the 23 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 12.02 vs. SNP: 9.44 )

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 Sep. 2016 was $1.259. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.81 for the trailing ten years ended in Sep. 2016.


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
=71.46/8.81
=8.11

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

China Petroleum & Chemical Corp's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=1.25933255375/241.428*241.428
=1.259

Current CPI (Sep. 2016) = 241.428.

China Petroleum & Chemical Corp Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 2.5202.639-0.7110.2893.1100.2040.7130.8461.6691.259
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 2.5522.677-0.7310.2953.1470.2070.7280.8581.6721.259
201112201203201206201209201212201303201306201309201312201403
per share eps 0.0722.2031.0992.4213.0162.3171.6632.8761.7781.944
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.0772.3191.1562.5263.1722.4031.7192.9651.8421.986
200906200909200912201003201006201009201012201103201106201109
per share eps 3.342-4.6829.1692.4903.0933.0212.4203.2683.1733.216
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 3.741-5.23410.2512.7633.4263.3392.6653.5313.3943.422
200612200703200706200709200712200803200806200809200812200903
per share eps 1.7832.3632.3951.5043.3350.5530.3950.0003.8471.726
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 2.1332.7782.7751.7413.8340.6250.4360.0004.4171.959

Add all the adjusted EPS together and divide 10 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 local exchange's currency.

China Petroleum & Chemical Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 0.000.000.0032.6916.4613.0511.567.8211.368.82

China Petroleum & Chemical Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 8.849.1011.3611.3411.958.288.828.387.998.35
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