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Trio-Tech International (AMEX:TRT)
Shiller P/E Ratio
0.00 (As of Today)

As of today, Trio-Tech International's current share price is $3.87. Trio-Tech International's E10 for the quarter that ended in Mar. 2014 was $-0.42. Trio-Tech International's Shiller P/E Ratio for today is 0.00.

TRT' s 10-Year Shiller P/E Ratio Range
Min: 2.02   Max: 49.29
Current: 0

2.02
49.29

During the past 13 years, Trio-Tech International's highest Shiller P/E Ratio was 49.29. The lowest was 2.02. And the median was 7.83.

TRT's Shiller P/E Ratiois ranked higher than
55% of the 1097 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9999.00 vs. TRT: 0.00 )

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.

Trio-Tech International's adjusted earnings per share data for the three months ended in Mar. 2014 was $0.050. 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 $-0.42 for the trailing six years ended in Mar. 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.

Trio-Tech International's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=3.87/-0.42
=

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

Trio-Tech International's E10 for the fiscal year that ended in Jun13 is calculated as:

For example, Trio-Tech International's adjusted earnings per share data for the three months ended in Mar. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2014*CPI of Current
=0.05/236.293*238.064
=0.050

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

Current CPI = 238.064.

Trio-Tech International Quarterly Data

201112201203201206201209201212201303201306201309201312201403
per share eps -0.360-0.160-0.174-0.010-0.150-0.1600.014-0.010-0.1000.050
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS -0.380-0.166-0.181-0.010-0.156-0.1640.014-0.010-0.1020.050
200906200909200912201003201006201009201012201103201106201109
per share eps -0.204-0.130-0.1100.0100.1240.1400.050-0.140-0.272-0.240
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS -0.225-0.143-0.1210.0110.1350.1530.054-0.149-0.287-0.252
200806200809200812200903
per share eps -0.143-0.220-0.130-0.050
CPI 218.815218.783210.228212.709
Adj_EPS -0.156-0.239-0.147-0.056

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.

Trio-Tech International Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ShillerPE -88.85-69.1316.3342.257.274.316.746.10-8.790.00

Trio-Tech International Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ShillerPE -31.94-19.32-8.79-6.260.000.000.000.000.000.00
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