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Metcash (ASX:MTS) Shiller PE Ratio : 39.00 (As of Apr. 26, 2024)


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What is Metcash Shiller PE Ratio?

As of today (2024-04-26), Metcash's current share price is A$3.90. Metcash's E10 for the fiscal year that ended in Apr23 was A$0.10. Metcash's Shiller PE Ratio for today is 39.00.

The historical rank and industry rank for Metcash's Shiller PE Ratio or its related term are showing as below:

ASX:MTS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.24   Med: 17.9   Max: 59.88
Current: 38.74

During the past 13 years, Metcash's highest Shiller PE Ratio was 59.88. The lowest was 5.24. And the median was 17.90.

ASX:MTS's Shiller PE Ratio is ranked worse than
80.41% of 194 companies
in the Retail - Defensive industry
Industry Median: 20.525 vs ASX:MTS: 38.74

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Metcash's adjusted earnings per share data of for the fiscal year that ended in Apr23 was A$0.267. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is A$0.10 for the trailing ten years ended in Apr23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metcash Shiller PE Ratio Historical Data

The historical data trend for Metcash's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Metcash Shiller PE Ratio Chart

Metcash Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.12 26.56 42.75 48.70 39.04

Metcash Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Shiller PE Ratio Get a 7-Day Free Trial 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 - 48.70 - 39.04 -

Competitive Comparison of Metcash's Shiller PE Ratio

For the Food Distribution subindustry, Metcash's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


Metcash's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's Shiller PE Ratio distribution charts can be found below:

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



Metcash Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Metcash's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=3.90/0.1
=39.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Metcash's E10 for the fiscal year that ended in Apr23 is calculated as:

For example, Metcash's adjusted earnings per share data for the fiscal year that ended in Apr23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Apr23 (Change)*Current CPI (Apr23)
=0.267/124.1700*124.1700
=0.267

Current CPI (Apr23) = 124.1700.

Metcash Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201404 0.192 98.352 0.242
201504 -0.424 99.838 -0.527
201604 0.233 100.859 0.287
201704 0.179 102.809 0.216
201804 -0.153 104.945 -0.181
201904 0.207 106.617 0.241
202004 -0.062 106.246 -0.072
202104 0.233 110.332 0.262
202204 0.249 117.112 0.264
202304 0.267 124.170 0.267

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

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Metcash  (ASX:MTS) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Metcash Shiller PE Ratio Related Terms

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Metcash (ASX:MTS) Business Description

Traded in Other Exchanges
Address
1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Metcash is a wholesale distribution and marketing company specialising in food, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes of a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and pubs.

Metcash (ASX:MTS) Headlines

From GuruFocus

Metcash Stock Is Estimated To Be Modestly Overvalued

By GF Value GF Value 05-11-2021