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

As of today, Schweitzer-Mauduit International Inc's current share price is $41.47. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Sep. 2016 was $1.94. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 21.38.

SWM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 8.34   Max: 49.78
Current: 21.18

8.34
49.78

During the past 13 years, Schweitzer-Mauduit International Inc's highest Shiller P/E Ratio was 49.78. The lowest was 8.34. And the median was 28.45.

SWM's Shiller P/E Ratio is ranked higher than
66% of the 67 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 38.37 vs. SWM: 21.18 )

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. 2016 was $0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.94 for the trailing ten years ended in Sep. 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
=41.47/1.94
=21.38

* 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 Dec15 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.61/241.428*241.428
=0.610

Current CPI (Sep. 2016) = 241.428.

Schweitzer-Mauduit International Inc Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.8100.7600.6100.6100.7600.8500.7200.6900.8500.610
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.8200.7710.6270.6240.7690.8620.7350.7000.8510.610
201112201203201206201209201212201303201306201309201312201403
per share eps 1.4200.4500.6600.8700.5300.9600.8400.920-0.3100.750
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 1.5190.4740.6940.9080.5570.9960.8690.949-0.3210.766
200906200909200912201003201006201009201012201103201106201109
per share eps 0.2250.1350.3050.5100.3900.4900.3700.4550.5700.290
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.2520.1510.3410.5660.4320.5420.4080.4920.6100.309
200612200703200706200709200712200803200806200809200812200903
per share eps -0.1400.1350.030-0.1350.080-0.0400.0650.215-0.2200.435
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS -0.1670.1590.035-0.1560.092-0.0450.0720.237-0.2530.494

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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 12.5514.1812.6644.1736.0531.1432.5439.2428.8024.69

Schweitzer-Mauduit International Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 30.2028.1928.8030.2525.0520.9724.6917.9718.8719.91
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