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Adobe Systems Inc  (NAS:ADBE) Shiller PE Ratio: 112.59 (As of Today)

As of today, Adobe Systems Inc's current share price is $175.64. Adobe Systems Inc's E10 for the quarter that ended in Aug. 2017 was $1.56. Adobe Systems Inc's Shiller P/E Ratio for today is 112.59.

NAS:ADBE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 18.35   Max: 112.76
Current: 112.76

18.35
112.76

During the past years, Adobe Systems Inc's highest Shiller P/E Ratio was 112.76. The lowest was 18.35. And the median was 45.81.

NAS:ADBE's Shiller PE Ratio is ranked lower than
83% of the 336 Companies
in the Global industry.

( Industry Median: 38.33 vs. NAS:ADBE: 112.76 )

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.

Adobe Systems Inc's adjusted earnings per share data for the three months ended in Aug. 2017 was $0.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.56 for the trailing ten years ended in Aug. 2017.


Historical Data

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

* Premium members only.

Adobe Systems Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.85 44.09 58.85 74.29 74.03

Adobe Systems Inc Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.09 74.03 81.40 93.71 99.61

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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.

Adobe Systems Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=175.64/1.56
=112.59

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

Adobe Systems Inc's E10 for the fiscal year that ended in Nov16 is calculated as:

For example, Adobe Systems Inc's adjusted earnings per share data for the three months ended in Aug. 2017 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Aug. 2017 (Change)*Current CPI (Aug. 2017)
=0.84/245.519*245.519
=0.840

Current CPI (Aug. 2017) = 245.519.

Adobe Systems Inc Quarterly Data

per_share_eps CPI Adj_EPS

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.


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