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Comerica Shiller PE Ratio

: 19.49 (As of Today)
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As of today (2019-11-17), Comerica's current share price is $69.96. Comerica's E10 for the quarter that ended in Sep. 2019 was $3.59. Comerica's Shiller PE Ratio for today is 19.49.

NYSE:CMA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.81   Max: 42.35
Current: 19.46

2.81
42.35

During the past years, Comerica's highest Shiller PE Ratio was 42.35. The lowest was 2.81. And the median was 14.56.

NYSE:CMA's Shiller PE Ratio is ranked lower than
69% of the 702 Companies
in the Banks industry.

( Industry Median: 15.76 vs. NYSE:CMA: 19.46 )

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.

Comerica's adjusted earnings per share data for the three months ended in Sep. 2019 was $1.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.59 for the trailing ten years ended in Sep. 2019.


Comerica 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.

Comerica 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 15.30 15.24 28.39 37.20 23.77

Comerica Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 32.23 23.77 23.29 21.45 18.36

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.


Comerica Shiller PE Ratio Distribution

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



Comerica 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.

Comerica's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=69.96/3.59
=19.49

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

Comerica's E10 for the quarter that ended in Sep. 2019 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=1.96/256.358*256.358
=1.960

Current CPI (Sep. 2019) = 256.358.

Comerica Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
200912 -0.420 215.949 -0.499
201003 -0.460 217.631 -0.542
201006 0.390 217.965 0.459
201009 0.330 218.439 0.387
201012 0.540 219.179 0.632
201103 0.570 223.467 0.654
201106 0.530 225.722 0.602
201109 0.510 226.889 0.576
201112 0.480 225.672 0.545
201203 0.660 229.392 0.738
201206 0.730 229.478 0.816
201209 0.610 231.407 0.676
201212 0.680 229.601 0.759
201303 0.700 232.773 0.771
201306 0.760 233.504 0.834
201309 0.780 234.149 0.854
201312 0.620 233.049 0.682
201403 0.730 236.293 0.792
201406 0.800 238.343 0.860
201409 0.820 238.031 0.883
201412 0.800 234.812 0.873
201503 0.730 236.119 0.793
201506 0.730 238.638 0.784
201509 0.740 237.945 0.797
201512 0.640 236.525 0.694
201603 0.340 238.132 0.366
201606 0.580 241.018 0.617
201609 0.840 241.428 0.892
201612 0.920 241.432 0.977
201703 1.110 243.801 1.167
201706 1.130 244.955 1.183
201709 1.260 246.819 1.309
201712 0.630 246.524 0.655
201803 1.590 249.554 1.633
201806 1.870 251.989 1.902
201809 1.860 252.439 1.889
201812 1.880 251.233 1.918
201903 2.110 254.202 2.128
201906 1.940 256.143 1.942
201909 1.960 256.358 1.960

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


Comerica  (NYSE:CMA) 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.


Comerica Shiller PE Ratio Related Terms


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