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Trio-Tech International (AMEX:TRT)
Shiller PE Ratio
(As of Today)

As of today, Trio-Tech International's current share price is $4.12. Trio-Tech International's E10 for the quarter that ended in Dec. 2016 was $-0.15. Trio-Tech International's Shiller P/E Ratio for today is .

During the past 13 years, Trio-Tech International's highest Shiller P/E Ratio was 56.33. The lowest was 0.00. And the median was 14.59.

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 Dec. 2016 was $0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.15 for the trailing ten years ended in Dec. 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.

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

Shiller P/E Ratio=Share Price/E10
=4.12/-0.15
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Trio-Tech International's E10 for the fiscal year that ended in Jun16 is calculated as:

For example, Trio-Tech International's adjusted earnings per share data for the three months ended in Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=0.09/241.432*241.432
=0.090

Current CPI (Dec. 2016) = 241.432.

Trio-Tech International Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps -0.0400.0300.0600.1000.0800.0500.0400.0500.0800.090
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS -0.0410.0310.0610.1010.0810.0510.0410.0500.0800.090
201203201206201209201212201303201306201309201312201403201406
per share eps -0.160-0.180-0.010-0.150-0.1600.010-0.010-0.1000.0500.070
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS -0.168-0.189-0.010-0.158-0.1660.010-0.010-0.1040.0510.071
200909200912201003201006201009201012201103201106201109201112
per share eps -0.130-0.1100.0100.1200.1400.050-0.140-0.280-0.240-0.360
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS -0.145-0.1230.0110.1330.1550.055-0.151-0.299-0.255-0.385
200703200706200709200712200803200806200809200812200903200906
per share eps 0.3300.2000.2300.050-0.440-0.150-0.220-0.130-0.050-0.205
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.3880.2320.2660.057-0.497-0.166-0.243-0.149-0.057-0.229

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 local exchange's currency.

Trio-Tech International Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ShillerPE 48.0413.538.6315.8718.476.4912.7116.0313.810.00

Trio-Tech International Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 19.1214.1812.7813.8110.240.000.000.000.000.00
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