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GuruFocus has detected 7 Warning Signs with Coca-Cola European Partners PLC $CCE.
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Coca-Cola European Partners PLC (NYSE:CCE)
Shiller PE Ratio
40.93 (As of Today)

As of today, Coca-Cola European Partners PLC's current share price is $40.93. Coca-Cola European Partners PLC's E10 for the quarter that ended in Mar. 2017 was $1.00. Coca-Cola European Partners PLC's Shiller P/E Ratio for today is 40.93.

CCE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 29.54   Max: 546.4
Current: 41.12

29.54
546.4

During the past 13 years, Coca-Cola European Partners PLC's highest Shiller P/E Ratio was 546.40. The lowest was 29.54. And the median was 115.05.

CCE's Shiller PE Ratio is ranked lower than
64% of the 22 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 32.36 vs. CCE: 41.12 )

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.

Coca-Cola European Partners PLC's adjusted earnings per share data for the three months ended in Mar. 2017 was $0.321. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.00 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.

Coca-Cola European Partners PLC's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=40.93/1.00
=40.93

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

Coca-Cola European Partners PLC's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Coca-Cola European Partners PLC'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)
=0.320855614973/243.801*243.801
=0.321

Current CPI (Mar. 2017) = 243.801.

Coca-Cola European Partners PLC Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 0.2590.3900.7510.7150.5640.2840.5450.7520.0840.321
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS 0.2690.4020.7670.7330.5820.2910.5510.7590.0850.321
201206201209201212201303201306201309201312201403201406201409
per share eps 0.6640.8880.3020.2120.6681.0600.4710.4430.7770.976
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.7050.9350.3210.2220.6971.1040.4930.4570.7950.999
200912201003201006201009201012201103201106201109201112201203
per share eps 0.3150.2480.3990.3960.8100.3090.7540.9220.3500.359
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.3550.2780.4460.4420.9000.3370.8140.9900.3780.382
200706200709200712200803200806200809200812200903200906200909
per share eps 0.5560.5350.2940.020-6.4040.448-2.9680.1280.6290.583
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 0.6500.6260.3410.023-7.1360.499-3.4410.1470.7110.658

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.

Coca-Cola European Partners PLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 62.960.000.000.00275.42166.50165.67119.67103.2833.13

Coca-Cola European Partners PLC Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 119.67111.59111.64117.34103.28100.2374.0279.0133.1337.86
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