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

As of today, Tiffany & Co's current share price is $61.69. Tiffany & Co's E10 for the quarter that ended in Oct. 2015 was $2.77. Tiffany & Co's Shiller P/E Ratio for today is 22.27.

TIF' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 9.78   Max: 40.42
Current: 22.29

9.78
40.42

During the past 13 years, Tiffany & Co's highest Shiller P/E Ratio was 40.42. The lowest was 9.78. And the median was 28.28.

TIF's Shiller P/E Ratio is ranked lower than
58% of the 347 Companies
in the Global Luxury Goods industry.

( Industry Median: 18.57 vs. TIF: 22.29 )

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 Oct. 2015 was $0.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.77 for the trailing ten years ended in Oct. 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.

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

Shiller P/E Ratio=Share Price/E10
=61.69/2.77
=22.27

* 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 Jan15 is calculated as:

For example, Tiffany & Co's adjusted earnings per share data for the three months ended in Oct. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2015 (Change)*Current CPI (Oct. 2015)
=0.7/237.838*237.838
=0.700

Current CPI (Oct. 2015) = 237.838.

Tiffany & Co Quarterly Data

201307201310201401201404201407201410201501201504201507201510
per share eps 0.8300.730-0.8000.9700.9600.2901.5100.8100.8100.700
CPI 233.596233.546233.916237.072238.250237.433233.707236.599238.654237.838
Adj_EPS 0.8450.743-0.8130.9730.9580.2901.5370.8140.8070.700
201101201104201107201110201201201204201207201210201301201304
per share eps 1.4100.6300.6900.7001.3800.6400.7200.4901.4000.650
CPI 220.223224.906225.922226.421226.665230.085229.104231.317230.280232.531
Adj_EPS 1.5230.6660.7260.7351.4480.6620.7470.5041.4460.665
200807200810200901200904200907200910201001201004201007201010
per share eps 0.6300.3500.2500.2000.4600.3501.1100.5000.5300.430
CPI 219.964216.573211.143213.240215.351216.177216.687218.009218.011218.711
Adj_EPS 0.6810.3840.2820.2230.5080.3851.2180.5450.5780.468
200601200604200607200610200701200704200707200710200801200804
per share eps 0.9600.3000.2900.2101.0000.3900.2600.7300.9400.500
CPI 198.300201.500203.500201.800202.416206.686208.299208.936211.080214.823
Adj_EPS 1.1510.3540.3390.2481.1750.4490.2970.8311.0590.554

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

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
ShillerPE 28.0027.5023.9411.8621.5628.3927.7426.2233.4133.26

Tiffany & Co Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
ShillerPE 30.4129.7233.4133.9036.4935.7533.2632.6534.8729.78
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