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Constellation Brands Inc (NYSE:STZ)
Shiller P/E Ratio
67.16 (As of Today)

As of today, Constellation Brands Inc's current share price is $157.83. Constellation Brands Inc's E10 for the quarter that ended in Feb. 2016 was $2.35. Constellation Brands Inc's Shiller P/E Ratio for today is 67.16.

STZ' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 19.15   Max: 68.71
Current: 67.03

19.15
68.71

During the past 13 years, Constellation Brands Inc's highest Shiller P/E Ratio was 68.71. The lowest was 19.15. And the median was 34.87.

STZ's Shiller P/E Ratio is ranked lower than
82% of the 49 Companies
in the Global Beverages - Wineries & Distilleries industry.

( Industry Median: 28.60 vs. STZ: 67.03 )

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.

Constellation Brands Inc's adjusted earnings per share data for the three months ended in Feb. 2016 was $1.186. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.35 for the trailing ten years ended in Feb. 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.

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

Shiller P/E Ratio=Share Price/E10
=157.83/2.35
=67.16

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

Constellation Brands Inc's E10 for the fiscal year that ended in Feb16 is calculated as:

For example, Constellation Brands Inc's adjusted earnings per share data for the three months ended in Feb. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=1.186/237.111*237.111
=1.186

Current CPI (Feb. 2016) = 237.111.

Constellation Brands Inc Quarterly Data

201311201402201405201408201411201502201505201508201511201602
per share eps 1.0700.7871.0300.9801.1001.0601.1801.4901.3301.186
CPI 233.069234.781237.900237.852236.151234.722237.805238.316237.336237.111
Adj_EPS 1.0890.7951.0270.9771.1041.0711.1771.4821.3291.186
201105201108201111201202201205201208201211201302201305201308
per share eps 0.3500.7600.5200.3850.3800.6700.5800.4180.2707.740
CPI 225.964226.545226.230227.663229.815230.379230.221232.166232.945233.877
Adj_EPS 0.3670.7950.5450.4010.3920.6900.5970.4270.2757.847
200811200902200905200908200911201002201005201008201011201102
per share eps 0.380-1.4040.0300.4100.200-0.1750.2200.4300.6501.002
CPI 212.425212.193213.856215.834216.330216.741218.178218.312218.803221.309
Adj_EPS 0.424-1.5690.0330.4500.219-0.1910.2390.4670.7041.074
200605200608200611200702200705200708200711200802200805200808
per share eps 0.3600.2800.4500.2930.1300.3300.550-4.3490.200-0.110
CPI 202.500203.900201.500203.499207.949207.917210.177211.693216.632219.086
Adj_EPS 0.4220.3260.5300.3410.1480.3760.620-4.8710.219-0.119

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.

Constellation Brands Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
ShillerPE 25.2032.5228.7933.0033.1529.7654.2847.9758.5260.06

Constellation Brands Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
ShillerPE 43.0147.9746.8047.0250.9558.5256.7358.5762.5660.06
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