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

As of today, Schweitzer-Mauduit International Inc's current share price is $34.42. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Dec. 2015 was $1.71. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 20.13.

SWM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.83   Max: 50.41
Current: 20.13

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 28.26.

SWM's Shiller P/E Ratio is ranked higher than
63% of the 59 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 32.82 vs. SWM: 20.13 )

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. 2015 was $0.727. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.71 for the trailing ten years ended in Dec. 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
=34.42/1.71
=20.13

* 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 Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.727/236.525*236.525
=0.727

Current CPI (Dec. 2015) = 236.525.

Schweitzer-Mauduit International Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.920-0.3120.7500.8100.7600.6350.6100.7600.8500.727
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.929-0.3170.7510.8040.7550.6400.6110.7530.8450.727
201103201106201109201112201203201206201209201212201303201306
per share eps 0.4550.5700.2901.4770.4500.6600.8700.5320.9600.840
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.4820.5970.3021.5480.4640.6800.8890.5480.9750.851
200809200812200903200906200909200912201003201006201009201012
per share eps 0.215-0.2240.4350.2250.1350.3060.5100.3900.4900.383
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 0.232-0.2520.4840.2470.1480.3350.5540.4230.5310.413
200603200606200609200612200703200706200709200712200803200806
per share eps 0.1500.020-0.055-0.1430.1350.030-0.1350.079-0.0400.065
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.1780.023-0.064-0.1680.1550.034-0.1530.089-0.0440.070

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 12.6014.2412.7244.3636.1431.0232.3539.0128.6024.53

Schweitzer-Mauduit International Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 43.1639.0130.5530.3228.0228.6030.0424.8720.8324.53
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