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Air Products & Chemicals Inc (NYSE:APD)
Shiller PE Ratio
24.77 (As of Today)

As of today, Air Products & Chemicals Inc's current share price is $143.91. Air Products & Chemicals Inc's E10 for the quarter that ended in Mar. 2017 was $5.81. Air Products & Chemicals Inc's Shiller P/E Ratio for today is 24.77.

APD' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.33   Max: 42.19
Current: 24.77

17.33
42.19

During the past 13 years, Air Products & Chemicals Inc's highest Shiller P/E Ratio was 42.19. The lowest was 17.33. And the median was 27.80.

APD's Shiller PE Ratio is ranked higher than
68% of the 182 Companies
in the Global Chemicals industry.

( Industry Median: 36.52 vs. APD: 24.77 )

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 Products & Chemicals Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was $9.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.81 for the trailing ten years ended in Mar. 2017.


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.

Air Products & Chemicals Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=143.91/5.81
=24.77

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

Air Products & Chemicals Inc's E10 for the fiscal year that ended in Sep16 is calculated as:

For example, Air Products & Chemicals Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=9.7/243.985*243.985
=9.700

Current CPI (Mar. 2017) = 243.985.

Air Products & Chemicals Inc Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 1.5001.3301.4701.5801.670-2.1701.5901.8001.3709.700
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.985
Adj_EPS 1.5591.3741.5031.6201.723-2.2231.6101.8191.3849.700
201206201209201212201303201306201309201312201403201406201409
per share eps 2.2600.6501.3101.3801.3600.6401.3501.3201.4600.480
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 2.4030.6851.3921.4461.4210.6671.4131.3631.4950.492
200912201003201006201009201012201103201106201109201112201203
per share eps 1.1601.1601.1701.2501.2301.3901.5001.5101.1601.380
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 1.3111.3001.3101.3961.3691.5181.6211.6241.2541.468
200706200709200712200803200806200809200812200903200906200909
per share eps 1.2801.3101.1901.4300.3201.2000.3200.9700.5301.140
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 1.4991.5331.3821.6340.3571.3380.3711.1130.6001.288

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 local exchange's currency.

Air Products & Chemicals Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ShillerPE 41.3726.7130.2127.3522.0721.8325.8227.9024.0828.37

Air Products & Chemicals Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 30.7731.6628.0724.0824.2128.6727.4328.3728.9923.29
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