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

As of today, China Petroleum & Chemical Corp's current share price is $80.74. China Petroleum & Chemical Corp's E10 for the quarter that ended in Jun. 2014 was $9.17. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 8.80.

SNP' s 10-Year Shiller P/E Ratio Range
Min: 2.2   Max: 89.31
Current: 9.25

2.2
89.31

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 89.31. The lowest was 2.20. And the median was 15.50.

SNP's Shiller P/E Ratiois ranked higher than
95% of the 255 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 13.45 vs. SNP: 9.25 )

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 $2.490. 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 $9.17 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
=80.74/9.17
=8.80

* 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 Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=2.51982152602/238.343*235.51
=2.490

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

Current CPI = 235.51.

China Petroleum & Chemical Corp Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 1.8641.4352.4213.0162.3171.6632.8761.7781.9442.520
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.9141.4732.4643.0942.3441.6772.8931.7971.9382.490
200909200912201003201006201009201012201103201106201109201112
per share eps -3.8667.7432.5182.026226.621-225.1082.7652.6852.7211.478
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS -4.2168.4442.7252.189244.332-241.8802.9142.8012.8241.543
200809200812200903200906
per share eps 0.0000.0001.4602.828
CPI 218.783210.228212.709215.693
Adj_EPS 0.0000.0001.6173.088

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 0.0017.8834.6165.440.0030.7814.9611.6410.127.43

China Petroleum & Chemical Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 11.119.468.8610.1210.706.807.087.438.348.32
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