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

As of today, China Petroleum & Chemical Corp's current share price is $73.58. China Petroleum & Chemical Corp's E10 for the quarter that ended in Mar. 2016 was $8.08. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 9.11.

SNP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.24   Max: 26.61
Current: 8.19

7.24
26.61

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 26.61. The lowest was 7.24. And the median was 10.81.

SNP's Shiller P/E Ratio is ranked higher than
87% of the 23 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 10.69 vs. SNP: 8.19 )

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. 2016 was $0.846. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.08 for the trailing ten years ended in Mar. 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
=73.58/8.08
=9.11

* 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 Dec15 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.845802512802/238.132*238.132
=0.846

Current CPI (Mar. 2016) = 238.132.

China Petroleum & Chemical Corp Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 1.7781.9442.5202.639-0.7110.2893.1100.2040.7130.846
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 1.8171.9592.5182.640-0.7210.2913.1040.2040.7180.846
201106201109201112201203201206201209201212201303201306201309
per share eps 3.1733.2160.0722.2031.0992.4213.0162.3171.6632.876
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 3.3473.3750.0762.2871.1402.4913.1282.3701.6962.925
200812200903200906200909200912201003201006201009201012201103
per share eps 3.8471.7263.342-4.6829.1692.4903.0933.0212.4203.268
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 4.3571.9323.690-5.16310.1112.7253.3803.2942.6293.483
200606200609200612200703200706200709200712200803200806200809
per share eps 0.0141.7801.7832.3632.3951.5043.3350.0040.3950.000
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.0172.0892.1042.7402.7371.7183.7810.0040.4300.000

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 own currency.

China Petroleum & Chemical Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 0.000.000.000.0016.2312.8611.387.6211.198.68

China Petroleum & Chemical Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 7.628.468.708.8711.1911.1611.778.078.688.09
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