Switch to:
Tata Motors Ltd (NYSE:TTM)
Shiller P/E Ratio
19.04 (As of Today)

As of today, Tata Motors Ltd's current share price is $33.89. Tata Motors Ltd's E10 for the quarter that ended in Dec. 2015 was $1.78. Tata Motors Ltd's Shiller P/E Ratio for today is 19.04.

TTM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 12.63   Max: 20.65
Current: 19.03

12.63
20.65

During the past 13 years, Tata Motors Ltd's highest Shiller P/E Ratio was 20.65. The lowest was 12.63. And the median was 16.26.

TTM's Shiller P/E Ratio is ranked higher than
63% of the 193 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 25.57 vs. TTM: 19.03 )

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.

Tata Motors Ltd's adjusted earnings per share data for the three months ended in Dec. 2015 was $0.775. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.78 for the trailing ten years ended in Dec. 2015.


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.

Tata Motors Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=33.89/1.78
=19.04

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

Tata Motors Ltd's E10 for the fiscal year that ended in Mar15 is calculated as:

For example, Tata Motors Ltd's adjusted earnings per share data for the three months ended in Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.77516115984/236.525*236.525
=0.775

Current CPI (Dec. 2015) = 236.525.

Tata Motors Ltd Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 1.1930.9871.3880.8290.6240.4210.653-0.0960.7751.138
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 1.2110.9881.3770.8240.6290.4220.647-0.0950.7751.131
201012201103201112201203201206201209201212201303201306201309
per share eps 0.8062.9330.9761.2640.6310.5880.4591.1240.4560.854
CPI 219.179223.467225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 0.8703.1051.0231.3030.6510.6010.4731.1430.4620.863
200703200706200709200712200803200903200912201003201006201009
per share eps 0.2300.2190.2200.2250.597-3.1070.2342.7580.6830.773
CPI 205.352208.352208.490210.036213.528212.709215.949217.631217.965218.439
Adj_EPS 0.2650.2490.2500.2530.661-3.4540.2562.9970.7420.837
200409200412200503200506200509200512200603200606200609200612
per share eps 0.1680.1930.1900.2150.2160.2130.1660.2370.2360.245
CPI 189.900190.300193.300194.500198.800196.800199.800202.900202.900201.800
Adj_EPS 0.2090.2400.2320.2620.2570.2560.1970.2770.2750.287

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 own currency.

Tata Motors Ltd Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
ShillerPE 0.000.000.000.000.000.000.000.000.000.00

Tata Motors Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 0.000.000.000.000.000.0018.2712.7316.540.00
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)
FEEDBACK