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Schweitzer-Mauduit International Inc (NYSE:SWM)
Shiller PE Ratio
21.52 (As of Today)

As of today, Schweitzer-Mauduit International Inc's current share price is $43.68. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Dec. 2016 was $2.03. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 21.52.

SWM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.76   Max: 49.78
Current: 21.55

7.76
49.78

During the past 13 years, Schweitzer-Mauduit International Inc's highest Shiller P/E Ratio was 49.78. The lowest was 7.76. And the median was 27.34.

SWM's Shiller PE Ratio is ranked higher than
72% of the 64 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 45.17 vs. SWM: 21.55 )

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 Dec. 2016 was $0.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.03 for the trailing ten years ended in Dec. 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.

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

Shiller P/E Ratio=Share Price/E10
=43.68/2.03
=21.52

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Schweitzer-Mauduit International Inc's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Schweitzer-Mauduit International Inc's adjusted earnings per share data for the three months ended in Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=0.55/241.432*241.432
=0.550

Current CPI (Dec. 2016) = 241.432.

Schweitzer-Mauduit International Inc Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 0.7600.6100.6100.7600.8500.7200.6900.8500.6100.550
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.7710.6270.6240.7690.8620.7350.7000.8510.6100.550
201203201206201209201212201303201306201309201312201403201406
per share eps 0.4500.6600.8700.5300.9600.8400.920-0.3100.7500.810
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.4740.6940.9080.5570.9960.8690.949-0.3210.7660.820
200909200912201003201006201009201012201103201106201109201112
per share eps 0.1350.3050.5100.3900.4900.3700.4550.5700.2901.420
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.1510.3410.5660.4320.5420.4080.4920.6100.3091.519
200703200706200709200712200803200806200809200812200903200906
per share eps 0.1350.030-0.1350.080-0.0400.0650.215-0.2200.4350.225
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.1590.035-0.1560.092-0.0450.0720.237-0.2530.4940.252

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 local exchange's currency.

Schweitzer-Mauduit International Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 14.1612.6444.1136.0331.1332.5339.2328.8124.7022.46

Schweitzer-Mauduit International Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 28.2028.8130.2625.0620.9824.7017.9718.8819.9222.46
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