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

As of today, Trio-Tech International's current share price is $3.48. Trio-Tech International's E10 for the quarter that ended in Sep. 2016 was $-0.13. 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 14.77.

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 Sep. 2016 was $0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.13 for the trailing ten years ended in Sep. 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
=3.48/-0.13
=

* 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 Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.08/241.428*241.428
=0.080

Current CPI (Sep. 2016) = 241.428.

Trio-Tech International Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 0.070-0.0400.0300.0600.1000.0800.0500.0400.0500.080
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 0.071-0.0410.0310.0610.1010.0810.0510.0410.0500.080
201112201203201206201209201212201303201306201309201312201403
per share eps -0.360-0.160-0.180-0.010-0.150-0.1600.010-0.010-0.1000.050
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS -0.385-0.168-0.189-0.010-0.158-0.1660.010-0.010-0.1040.051
200906200909200912201003201006201009201012201103201106201109
per share eps -0.205-0.130-0.1100.0100.1200.1400.050-0.140-0.280-0.240
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS -0.229-0.145-0.1230.0110.1330.1550.055-0.151-0.299-0.255
200612200703200706200709200712200803200806200809200812200903
per share eps 0.2500.3300.2000.2300.050-0.440-0.150-0.220-0.132-0.050
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 0.2990.3880.2320.2660.057-0.497-0.166-0.243-0.152-0.057

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 48.0513.668.6515.9318.566.5212.8916.1013.870.00

Trio-Tech International Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 16.1019.4014.2512.8413.8710.380.000.000.000.00
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