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AMETEK Shiller PE Ratio

: 36.97 (As of Today)
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As of today (2019-10-21), AMETEK's current share price is $88.35. AMETEK's E10 for the quarter that ended in Jun. 2019 was $2.39. AMETEK's Shiller P/E Ratio for today is 36.97.

NYSE:AME' s Shiller PE Ratio Range Over the Past 10 Years
Min: 19.9   Max: 44
Current: 36.96

19.9
44

During the past years, AMETEK's highest Shiller P/E Ratio was 44.00. The lowest was 19.90. And the median was 35.14.

NYSE:AME's Shiller PE Ratio is ranked lower than
78% of the 849 Companies
in the Industrial Products industry.

( Industry Median: 19.75 vs. NYSE:AME: 36.96 )

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.

AMETEK's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.39 for the trailing ten years ended in Jun. 2019.


AMETEK Shiller PE Ratio 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.

AMETEK Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.61 33.77 27.83 36.91 30.54

AMETEK Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 34.36 36.48 30.54 36.09 38.00

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.


AMETEK Shiller PE Ratio Distribution

* The bar in red indicates where AMETEK's Shiller PE Ratio falls into.



AMETEK Shiller PE Ratio 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.

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

Shiller P/E Ratio=Share Price/ E10
=88.35/2.39
=36.97

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

AMETEK's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, AMETEK's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.94/256.143*256.143
=0.940

Current CPI (Jun. 2019) = 256.143.

AMETEK Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.178 215.969 0.211
200912 0.211 215.949 0.250
201003 0.240 217.631 0.282
201006 0.280 217.965 0.329
201009 0.320 218.439 0.375
201012 0.340 219.179 0.397
201103 0.373 223.467 0.428
201106 0.390 225.722 0.443
201109 0.400 226.889 0.452
201112 0.420 225.672 0.477
201203 0.450 229.392 0.502
201206 0.470 229.478 0.525
201209 0.470 231.407 0.520
201212 0.490 229.601 0.547
201303 0.510 232.773 0.561
201306 0.520 233.504 0.570
201309 0.520 234.149 0.569
201312 0.550 233.049 0.605
201403 0.570 236.293 0.618
201406 0.610 238.343 0.656
201409 0.570 238.031 0.613
201412 0.620 234.812 0.676
201503 0.590 236.119 0.640
201506 0.640 238.638 0.687
201509 0.650 237.945 0.700
201512 0.570 236.525 0.617
201603 0.570 238.132 0.613
201606 0.590 241.018 0.627
201609 0.560 241.428 0.594
201612 0.470 241.432 0.499
201703 0.600 243.801 0.630
201706 0.650 244.955 0.680
201709 0.660 246.819 0.685
201712 1.030 246.524 1.070
201803 0.780 249.554 0.801
201806 0.830 251.989 0.844
201809 0.820 252.439 0.832
201812 0.910 251.233 0.928
201903 0.890 254.202 0.897
201906 0.940 256.143 0.940

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


  (:) 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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