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

As of today, Tiffany & Co.'s current share price is $86.65. Tiffany & Co.'s E10 for the quarter that ended in Jan. 2014 was $0.00. Tiffany & Co.'s Shiller P/E Ratio for today is 29.90.

TIF' s 10-Year Shiller P/E Ratio Range
Min: 8.69   Max: 42.75
Current: 29.9

8.69
42.75

During the past 13 years, Tiffany & Co.'s highest Shiller P/E Ratio was 42.75. The lowest was 8.69. And the median was 24.25.

TIF's Shiller P/E Ratiois ranked lower than
58% of the 541 Companies
in the Global Luxury Goods industry.

( Industry Median: 21.42 vs. TIF: 29.90 )

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. 2014 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 $0.00 for the trailing six years ended in Jan. 2014.


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
=86.65/0.00
=

* 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 Jan14 is calculated as:

For example, Tiffany & Co.'s adjusted earnings per share data for the three months ended in Jan. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2014*CPI of Current
=-0.808/233.916*236.511
=-0.817

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

Tiffany & Co. Quarterly Data

201110201201201204201207201210201301201304201307201310201401
per share eps 0.7001.3900.6400.7200.4901.4040.6500.8300.730-0.808
CPI 226.421226.665230.085229.104231.317230.280232.531233.596233.546233.916
Adj_EPS 0.7311.4500.6580.7430.5011.4420.6610.8400.739-0.817
200904200907200910201001201004201007201010201101201104201107
per share eps 0.2000.4600.3501.1030.5000.5300.4301.4070.6300.690
CPI 213.240215.351216.177216.687218.009218.011218.711220.223224.906225.922
Adj_EPS 0.2220.5050.3831.2040.5420.5750.4651.5110.6630.722
200804200807200810200901
per share eps 0.5000.6300.3500.250
CPI 214.823219.964216.573211.143
Adj_EPS 0.5500.6770.3820.280

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

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ShillerPE 21.7723.5022.9320.3810.4619.2726.1125.2524.140.00

Tiffany & Co. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ShillerPE 32.1725.2526.3220.6023.1224.1426.4427.3927.410.00
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