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Tiffany & Co (NYSE:TIF)
Shiller P/E Ratio
22.74 (As of Today)

As of today, Tiffany & Co's current share price is $63.89. Tiffany & Co's E10 for the quarter that ended in Jan. 2016 was $2.81. Tiffany & Co's Shiller P/E Ratio for today is 22.74.

TIF' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 9.83   Max: 40.42
Current: 22.71

9.83
40.42

During the past 13 years, Tiffany & Co's highest Shiller P/E Ratio was 40.42. The lowest was 9.83. And the median was 27.95.

TIF's Shiller P/E Ratio is ranked lower than
59% of the 235 Companies
in the Global Luxury Goods industry.

( Industry Median: 19.24 vs. TIF: 22.71 )

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.

Tiffany & Co's adjusted earnings per share data for the three months ended in Jan. 2016 was $1.276. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.81 for the trailing ten years ended in Jan. 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.

Tiffany & Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=63.89/2.81
=22.74

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

Tiffany & Co's E10 for the fiscal year that ended in Jan16 is calculated as:

For example, Tiffany & Co's adjusted earnings per share data for the three months ended in Jan. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2016 (Change)*Current CPI (Jan. 2016)
=1.276/236.916*236.916
=1.276

Current CPI (Jan. 2016) = 236.916.

Tiffany & Co Quarterly Data

201310201401201404201407201410201501201504201507201510201601
per share eps 0.730-0.8090.9700.9600.2901.5100.8100.8100.7001.276
CPI 233.546233.916237.072238.250237.433233.707236.599238.654237.838236.916
Adj_EPS 0.741-0.8190.9690.9550.2891.5310.8110.8040.6971.276
201104201107201110201201201204201207201210201301201304201307
per share eps 0.6300.6900.7001.3900.6400.7200.4901.4040.6500.830
CPI 224.906225.922226.421226.665230.085229.104231.317230.280232.531233.596
Adj_EPS 0.6640.7240.7321.4530.6590.7450.5021.4440.6620.842
200810200901200904200907200910201001201004201007201010201101
per share eps 0.3500.2500.2000.4600.3501.1030.5000.5300.4301.407
CPI 216.573211.143213.240215.351216.177216.687218.009218.011218.711220.223
Adj_EPS 0.3830.2810.2220.5060.3841.2060.5430.5760.4661.514
200604200607200610200701200704200707200710200801200804200807
per share eps 0.3000.2900.2101.1520.3900.2600.7300.9600.5000.630
CPI 201.500203.500201.800202.416206.686208.299208.936211.080214.823219.964
Adj_EPS 0.3530.3380.2471.3480.4470.2960.8281.0780.5510.679

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.

Tiffany & Co Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
ShillerPE 27.4423.8911.8321.5128.3327.6826.4233.3433.1922.70

Tiffany & Co Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
ShillerPE 29.6633.3433.8436.4336.0433.1932.5934.8029.4422.70
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