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Schweitzer-Mauduit International Inc (NYSE:SWM)
Shiller P/E Ratio
24.61 (As of Today)

As of today, Schweitzer-Mauduit International Inc's current share price is $40.85. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Sep. 2015 was $1.66. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 24.61.

SWM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.83   Max: 50.41
Current: 24.66

7.83
50.41

During the past 13 years, Schweitzer-Mauduit International Inc's highest Shiller P/E Ratio was 50.41. The lowest was 7.83. And the median was 28.47.

SWM's Shiller P/E Ratio is ranked higher than
59% of the 80 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 26.91 vs. SWM: 24.66 )

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.

Schweitzer-Mauduit International Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.66 for the trailing ten years ended in Sep. 2015.


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.

Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=40.85/1.66
=24.61

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

Schweitzer-Mauduit International Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Schweitzer-Mauduit International Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.85/237.945*237.945
=0.850

Current CPI (Sep. 2015) = 237.945.

Schweitzer-Mauduit International Inc Quarterly Data

201306201309201312201403201406201409201412201503201506201509
per share eps 0.8400.920-0.3000.7500.8100.7600.6100.6100.7600.850
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.8560.935-0.3060.7550.8090.7600.6180.6150.7580.850
201012201103201106201109201112201203201206201209201212201303
per share eps 0.3750.4550.5700.2901.4200.4500.6600.8700.5300.960
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.4070.4840.6010.3041.4970.4670.6840.8950.5490.981
200806200809200812200903200906200909200912201003201006201009
per share eps 0.0650.215-0.2200.4350.2250.1350.3050.5100.3900.490
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.0710.234-0.2490.4870.2480.1490.3360.5580.4260.534
200512200603200606200609200612200703200706200709200712200803
per share eps 0.0950.1500.020-0.055-0.1400.1350.030-0.1350.080-0.040
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.1150.1790.023-0.064-0.1650.1560.034-0.1540.091-0.045

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.

Schweitzer-Mauduit International Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.0012.5814.2112.6944.2636.4031.1932.5138.8228.46

Schweitzer-Mauduit International Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 37.0243.3838.8230.6930.1627.8828.4630.1924.9920.73
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