Switch to:
Matrix Asset Management, Inc. (TSX:MTA)
Shiller P/E Ratio
0.00 (As of Today)

As of today, Matrix Asset Management, Inc.'s current share price is C$0.01. Matrix Asset Management, Inc.'s E10 for the quarter that ended in Sep. 2013 was C$-0.13. Matrix Asset Management, Inc.'s Shiller P/E Ratio for today is 0.00.

TSX:MTA' s 10-Year Shiller P/E Ratio Range
Min: 1.15   Max: 26.85
Current: 0

1.15
26.85

During the past 13 years, Matrix Asset Management, Inc.'s highest Shiller P/E Ratio was 26.85. The lowest was 1.15. And the median was 4.57.

TSX:MTA's Shiller P/E Ratiois ranked lower than
177% of the 629 Companies
in the Global Asset Management industry.

( Industry Median: 19.00 vs. TSX:MTA: 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.

Matrix Asset Management, Inc.'s adjusted earnings per share data for the three months ended in Sep. 2013 was C$-0.101. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is C$-0.13 for the trailing six years ended in Sep. 2013.


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.

Matrix Asset Management, Inc.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=0.01/-0.13
=

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

Matrix Asset Management, Inc.'s E10 for the fiscal year that ended in Dec12 is calculated as:

For example, Matrix Asset Management, Inc.'s adjusted earnings per share data for the three months ended in Sep. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2013*CPI of Current
=-0.1/234.149*236.511
=-0.101

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

Current CPI = 236.511.

Matrix Asset Management, Inc. Quarterly Data

201106201109201112201203201206201209201212201303201306201309
per share eps -0.0530.000-0.196-0.010-0.0300.000-0.062-0.030-0.030-0.100
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS -0.0560.000-0.205-0.010-0.0310.000-0.064-0.030-0.030-0.101
200812200903200906200909200912201003201006201009201012201103
per share eps -0.073-0.0090.000-0.018-0.158-0.0090.0000.0090.0090.026
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS -0.082-0.0100.000-0.020-0.173-0.0100.0000.0100.0100.028
200712200803200806200809
per share eps 0.0410.0260.0260.026
CPI 210.036213.528218.815218.783
Adj_EPS 0.0460.0290.0280.028

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.

Matrix Asset Management, Inc. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
ShillerPE 0.000.000.006.875.341.582.153.048.140.00

Matrix Asset Management, Inc. Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13
ShillerPE 4.990.008.1426.96-12.94-5.740.000.000.000.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide