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WH Smith (LSE:SMWH) Shiller PE Ratio : 23.33 (As of Apr. 27, 2024)


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What is WH Smith Shiller PE Ratio?

As of today (2024-04-27), WH Smith's current share price is £11.20. WH Smith's E10 for the fiscal year that ended in Aug23 was £0.48. WH Smith's Shiller PE Ratio for today is 23.33.

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

LSE:SMWH' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.99   Med: 28.39   Max: 36.43
Current: 24.54

During the past 13 years, WH Smith's highest Shiller PE Ratio was 36.43. The lowest was 9.99. And the median was 28.39.

LSE:SMWH's Shiller PE Ratio is ranked worse than
65.06% of 561 companies
in the Retail - Cyclical industry
Industry Median: 17.22 vs LSE:SMWH: 24.54

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.

WH Smith's adjusted earnings per share data of for the fiscal year that ended in Aug23 was £0.598. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is £0.48 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


WH Smith Shiller PE Ratio Historical Data

The historical data trend for WH Smith'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.

WH Smith Shiller PE Ratio Chart

WH Smith Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.54 20.24 34.35 30.02 30.45

WH Smith Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 30.02 - 30.45 -

Competitive Comparison of WH Smith's Shiller PE Ratio

For the Specialty Retail subindustry, WH Smith'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.


WH Smith's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

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



WH Smith 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.

WH Smith's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=11.20/0.48
=23.33

* 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.

WH Smith's E10 for the fiscal year that ended in Aug23 is calculated as:

For example, WH Smith's adjusted earnings per share data for the fiscal year that ended in Aug23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Aug23 (Change)*Current CPI (Aug23)
=0.598/129.4000*129.4000
=0.598

Current CPI (Aug23) = 129.4000.

WH Smith Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201408 0.760 99.900 0.984
201508 0.856 100.300 1.104
201608 0.939 101.200 1.201
201708 1.036 104.000 1.289
201808 0.982 106.500 1.193
201908 0.972 108.300 1.161
202008 -1.992 108.800 -2.369
202108 -0.626 112.100 -0.723
202208 0.356 121.800 0.378
202308 0.598 129.400 0.598

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.


WH Smith  (LSE:SMWH) 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.


WH Smith Shiller PE Ratio Related Terms

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WH Smith (LSE:SMWH) Business Description

Traded in Other Exchanges
Address
Greenbridge Road, Swindon, Wiltshire, GBR, SN3 3RX
WH Smith PLC is a U.K. retailer selling a wide range of products. Its two core business segments are travel and high street. WHSmith's travel stores offer products such as food, drink, publications, books, and tech accessories and other products to travelers. This segment operates predominantly in airports, railway stations, hospitals, and workplaces across Europe, Australia, the Middle East, Southeast Asia, and India. The high street segment operates stores in the United Kingdom, predominantly on the U.K. high street. The high street segment sells products into the following categories: stationery, books, newspapers, magazines, and confectionery. WH Smith also has an online retail business that sells a range of books, stationery, magazines, and gifts through its websites.

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