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Titanium Metals Corporation (NYSE:TIE)
Shiller P/E Ratio
29.46 (As of Today)

As of today, Titanium Metals Corporation's current share price is \$16.50. Titanium Metals Corporation's E10 for the quarter that ended in Sep. 2012 was \$0.56. Titanium Metals Corporation's Shiller P/E Ratio for today is 29.46.

TIE' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.2   Max: 2025
Current: 29.53

14.2
2025

During the past 13 years, Titanium Metals Corporation's highest Shiller P/E Ratio was 2025.00. The lowest was 14.20. And the median was 43.63.

TIE's Shiller P/E Ratio is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. TIE: 29.53 )

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.

Titanium Metals Corporation's adjusted earnings per share data of for the fiscal year that ended in Dec11 was \$0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is \$0.56 for the trailing ten years ended in Dec11.

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.

Titanium Metals Corporation's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 16.50 / 0.56 = 29.46

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

Titanium Metals Corporation's E10 for the quarter that ended in Sep. 2012 is calculated as:

For example, Titanium Metals Corporation's adjusted earnings per share data for the fiscal year that ended in Dec11 was:

 Adj_EPS = Earnigns per Share / CPI of Dec11 (Change) * Current CPI (Dec11) = 0.64 / 225.672 * 225.672 = 0.640

Current CPI (Dec11) = 225.672.

Titanium Metals Corporation Annual Data

 200212 200312 200412 200512 200612 200712 200812 200912 201012 201112 per share eps -0.9 -0.1 0.275 0.86 1.53 1.46 0.89 0.19 0.45 0.64 CPI 180.9 184.3 190.3 196.8 201.8 210.036 210.228 215.949 219.179 225.672 Adj_EPS -1.1 -0.126 0.326 0.986 1.711 1.569 0.955 0.199 0.463 0.64

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

Historical Data

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

Titanium Metals Corporation Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 ShillerPE 0.00 0.00 0.00 604.31 166.58 106.01 29.51 35.46 39.03 26.81

Titanium Metals Corporation Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 ShillerPE 16.37 18.86 39.03 17.48 17.40 14.58 26.81 14.10 12.15 14.47
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