Switch to:
GuruFocus has detected 3 Warning Signs with Air T Inc $AIRT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Air T Inc (NAS:AIRT)
Shiller PE Ratio
16.20 (As of Today)

As of today, Air T Inc's current share price is $18.95. Air T Inc's E10 for the quarter that ended in Dec. 2016 was $1.17. Air T Inc's Shiller P/E Ratio for today is 16.20.

AIRT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.66   Max: 24.83
Current: 16.23


During the past 13 years, Air T Inc's highest Shiller P/E Ratio was 24.83. The lowest was 7.66. And the median was 11.89.

AIRT's Shiller PE Ratio is ranked higher than
61% of the 212 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 22.18 vs. AIRT: 16.23 )

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.

Air T Inc's adjusted earnings per share data for the three months ended in Dec. 2016 was $0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.17 for the trailing ten years ended in Dec. 2016.


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.

Air T Inc'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 local exchange's currency.

Air T Inc's E10 for the fiscal year that ended in Mar16 is calculated as:

For example, Air T Inc's adjusted earnings per share data for the three months ended in Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)

Current CPI (Dec. 2016) = 241.432.

Air T Inc Quarterly Data

per share eps 0.7700.610-0.370-0.3101.5801.240-0.460-1.5500.5200.420
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.7810.627-0.378-0.3141.6031.266-0.466-1.5530.5200.420
per share eps 0.0000.1700.0900.2600.1600.0600.1800.1900.1700.030
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.0000.1790.0940.2730.1660.0620.1860.1970.1740.030
per share eps 0.3500.5100.2200.1200.2200.2400.2900.0700.2400.240
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.3910.5700.2440.1330.2430.2640.3130.0750.2550.257
per share eps 0.4200.2500.2200.3800.5500.5500.5500.4000.3100.460
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.4940.2900.2550.4370.6220.6070.6070.4590.3520.515

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 local exchange's currency.

Air T Inc Annual Data

ShillerPE 15.6016.097.6312.499.710.008.3910.6921.5819.22

Air T Inc Quarterly Data

ShillerPE 11.1921.4621.5818.9314.2918.2319.2219.7218.1319.70
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)