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Comerica Shiller PE Ratio

: 17.05 (As of Today)
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As of today (2021-06-16), Comerica's current share price is $74.53. Comerica's E10 for the quarter that ended in Mar. 2021 was $4.37. Comerica's Shiller PE Ratio for today is 17.05.

NYSE:CMA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.27   Med: 15.56   Max: 44.05
Current: 17.06

6.27
44.05

During the past years, Comerica's highest Shiller PE Ratio was 44.05. The lowest was 6.27. And the median was 15.56.

NYSE:CMA's Shiller PE Ratio is ranked lower than
63% of the 1093 Companies
in the Banks industry.

( Industry Median: 13.78 vs. NYSE:CMA: 17.06 )

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 Mar. 2021 was $2.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.37 for the trailing ten years ended in Mar. 2021.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comerica Shiller PE Ratio Historical Data

* 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.

Comerica Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.69 38.79 24.12 18.69 13.53

Comerica Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 7.59 9.78 9.47 13.53 16.40

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
=74.53/4.37
=17.05

* 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.

Comerica's E10 for the quarter that ended in Mar. 2021 is calculated as:

For example, Comerica's adjusted earnings per share data for the three months ended in Mar. 2021 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=2.43/112.6729*112.6729
=2.430

Current CPI (Mar. 2021) = 112.6729.

Comerica Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201106 0.530 95.319 0.626
201109 0.510 95.529 0.602
201112 0.480 95.632 0.566
201203 0.660 97.075 0.766
201206 0.730 96.661 0.851
201209 0.610 97.595 0.704
201212 0.680 97.158 0.789
201303 0.700 98.107 0.804
201306 0.760 98.557 0.869
201309 0.780 98.536 0.892
201312 0.620 98.692 0.708
201403 0.730 100.023 0.822
201406 0.800 100.520 0.897
201409 0.820 100.176 0.922
201412 0.800 98.604 0.914
201503 0.730 99.824 0.824
201506 0.730 100.691 0.817
201509 0.740 100.346 0.831
201512 0.640 99.957 0.721
201603 0.340 100.947 0.379
201606 0.580 101.524 0.644
201609 0.840 101.988 0.928
201612 0.920 102.456 1.012
201703 1.110 103.167 1.212
201706 1.130 103.278 1.233
201709 1.260 104.070 1.364
201712 0.630 104.578 0.679
201803 1.590 105.708 1.695
201806 1.870 106.324 1.982
201809 1.860 106.695 1.964
201812 1.880 106.200 1.995
201903 2.110 107.818 2.205
201906 1.940 108.250 2.019
201909 1.960 108.577 2.034
201912 1.850 108.841 1.915
202003 -0.420 108.173 -0.437
202006 0.800 109.318 0.825
202009 1.440 109.861 1.477
202012 1.490 110.364 1.521
202103 2.430 112.673 2.430

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.


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


Comerica Shiller PE Ratio Headlines

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