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Stoneridge Inc (NYSE:SRI)
Shiller P/E Ratio
594.00 (As of Today)

As of today, Stoneridge Inc's current share price is $11.88. Stoneridge Inc's E10 for the quarter that ended in Dec. 2014 was $0.02. Stoneridge Inc's Shiller P/E Ratio for today is 594.00.

SRI' s 10-Year Shiller P/E Ratio Range
Min: 10.8   Max: 648
Current: 604.9

10.8
648

During the past 13 years, Stoneridge Inc's highest Shiller P/E Ratio was 648.00. The lowest was 10.80. And the median was 51.31.

SRI's Shiller P/E Ratiois ranked higher than
64% of the 1964 Companies
in the Global Auto Parts industry.

( Industry Median: 595.20 vs. SRI: 604.90 )

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.

Stoneridge Inc's adjusted earnings per share data for the three months ended in Dec. 2014 was $-0.993. 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 $0.02 for the trailing six years ended in Dec. 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.

Stoneridge Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=11.88/0.02
=594.00

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Stoneridge Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Stoneridge Inc's adjusted earnings per share data for the three months ended in Dec. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2014*CPI of Current
=-0.985/234.812*236.818
=-0.993

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

Current CPI = 236.818.

Stoneridge Inc Quarterly Data

201209201212201303201306201309201312201403201406201409201412
per share eps 0.0200.0970.1500.2100.1900.0080.050-0.8100.000-0.985
CPI 231.407229.601232.773233.504234.149233.049236.293238.343238.031234.812
Adj_EPS 0.0200.1000.1530.2130.1920.0080.050-0.8050.000-0.993
201003201006201009201012201103201106201109201112201203201206
per share eps 0.0800.1600.0500.1870.1200.1400.1801.5520.220-0.130
CPI 217.631217.965218.439219.179223.467225.722226.889225.672229.392229.478
Adj_EPS 0.0870.1740.0540.2020.1270.1470.1881.6290.227-0.134
200903200906200909200912
per share eps -0.490-0.840-0.040-0.009
CPI 212.709215.693215.969215.949
Adj_EPS -0.546-0.922-0.044-0.010

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.

Stoneridge Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE -136.64-35.55-54.58-4.430.00-23.612.110.000.00654.67

Stoneridge Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ShillerPE 1.230.000.000.000.000.000.000.000.00654.67
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