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Xerox Corporation (NYSE:XRX)
Shiller P/E Ratio
12.71 (As of Today)

As of today, Xerox Corporation's current share price is $10.55. Xerox Corporation's E10 for the quarter that ended in Sep. 2015 was $0.83. Xerox Corporation's Shiller P/E Ratio for today is 12.71.

XRX' s 10-Year Shiller P/E Ratio Range
Min: 6.25   Max: 27.26
Current: 12.79


During the past 13 years, Xerox Corporation's highest Shiller P/E Ratio was 27.26. The lowest was 6.25. And the median was 15.10.

XRX's Shiller P/E Ratiois ranked higher than
89% of the 287 Companies
in the Global Information Technology Services industry.

( Industry Median: 37.54 vs. XRX: 12.79 )

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.

Xerox Corporation's adjusted earnings per share data for the three months ended in Sep. 2015 was $-0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.83 for the trailing ten years ended in Sep. 2015.


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.

Xerox Corporation's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

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

Xerox Corporation's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Xerox Corporation's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)

Current CPI (Sep. 2015) = 237.945.

Xerox Corporation Quarterly Data

per share eps 0.2100.2200.2460.2300.2200.2200.1390.1900.010-0.040
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.2140.2240.2510.2320.2200.2200.1410.1910.010-0.040
per share eps 0.1230.1900.2200.2200.2660.1900.2200.2100.2640.230
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.1340.2020.2320.2310.2800.1970.2280.2160.2740.235
per share eps 0.2400.2900.0010.0500.1600.1400.207-0.0400.1600.170
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.2610.3150.0010.0560.1770.1540.228-0.0440.1750.185
per share eps 0.2800.2000.2600.5400.2220.2400.2800.2700.417-0.270
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.3390.2380.3050.6330.2620.2780.3200.3080.472-0.301

Add all the adjusted EPS together and divide 10 will get our E10.


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.

Xerox Corporation Annual Data

ShillerPE 21.0822.2122.1712.1217.3019.5510.648.1613.5715.76

Xerox Corporation Quarterly Data

ShillerPE 10.1011.3613.5712.5913.7914.6515.7614.7012.7411.79
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