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

As of today, Tiffany & Co's current share price is $83.62. Tiffany & Co's E10 for the quarter that ended in Apr. 2015 was $3.04. Tiffany & Co's Shiller P/E Ratio for today is 27.51.

TIF' s 10-Year Shiller P/E Ratio Range
Min: 8.65   Max: 39.82
Current: 27.48

8.65
39.82

During the past 13 years, Tiffany & Co's highest Shiller P/E Ratio was 39.82. The lowest was 8.65. And the median was 24.22.

TIF's Shiller P/E Ratiois ranked lower than
66% of the 477 Companies
in the Global Luxury Goods industry.

( Industry Median: 20.61 vs. TIF: 27.48 )

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 Apr. 2015 was $0.817. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $3.04 for the trailing six years ended in Apr. 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
=83.62/3.04
=27.51

* 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 Apr. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Apr. 2015*CPI of Current
=0.81/236.599*238.662
=0.817

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 238.662.

Tiffany & Co Quarterly Data

201301201304201307201310201401201404201407201410201501201504
per share eps 1.4040.6500.8300.730-0.8080.9700.9600.2901.5090.810
CPI 230.280232.531233.596233.546233.916237.072238.250237.433233.707236.599
Adj_EPS 1.4550.6670.8480.746-0.8240.9770.9620.2921.5410.817
201007201010201101201104201107201110201201201204201207201210
per share eps 0.5300.4301.4070.6300.6900.7001.3900.6400.7200.490
CPI 218.011218.711220.223224.906225.922226.421226.665230.085229.104231.317
Adj_EPS 0.5800.4691.5250.6690.7290.7381.4640.6640.7500.506
200907200910201001201004
per share eps 0.4600.3501.1030.500
CPI 215.351216.177216.687218.009
Adj_EPS 0.5100.3861.2150.547

Add all the adjusted EPS together and divide 6 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 23.6422.8820.3410.4419.2326.2625.3924.0632.2030.00

Tiffany & Co Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ShillerPE 24.0626.3727.3127.3432.2032.6635.4735.4830.0028.74
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