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

As of today, Schweitzer-Mauduit International Inc's current share price is $35.32. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Mar. 2016 was $1.79. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 19.73.

SWM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.76   Max: 50.41
Current: 19.81

7.76
50.41

During the past 13 years, Schweitzer-Mauduit International Inc's highest Shiller P/E Ratio was 50.41. The lowest was 7.76. And the median was 28.36.

SWM's Shiller P/E Ratio is ranked higher than
63% of the 63 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 28.74 vs. SWM: 19.81 )

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 Mar. 2016 was $0.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.79 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.

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

Shiller P/E Ratio=Share Price/E10
=35.32/1.79
=19.73

* 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 Dec15 is calculated as:

For example, Schweitzer-Mauduit International Inc'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)
=0.69/238.132*238.132
=0.690

Current CPI (Mar. 2016) = 238.132.

Schweitzer-Mauduit International Inc Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps -0.3120.7500.8100.7600.6350.6100.7600.8500.7270.690
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS -0.3190.7560.8090.7600.6440.6150.7580.8510.7320.690
201106201109201112201203201206201209201212201303201306201309
per share eps 0.5700.2901.4770.4500.6600.8700.5320.9600.8400.920
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 0.6010.3041.5590.4670.6850.8950.5520.9820.8570.936
200812200903200906200909200912201003201006201009201012201103
per share eps -0.2240.4350.2250.1350.3060.5100.3900.4900.3830.455
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS -0.2540.4870.2480.1490.3370.5580.4260.5340.4160.485
200606200609200612200703200706200709200712200803200806200809
per share eps 0.020-0.055-0.1430.1350.030-0.1350.079-0.0400.0650.215
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.023-0.065-0.1690.1570.034-0.1540.090-0.0450.0710.234

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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 12.5614.2112.6844.2736.3930.9832.5938.9228.5324.69

Schweitzer-Mauduit International Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 38.9230.7730.2527.9628.5330.2625.0520.7724.6917.63
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