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McGrath RentCorp Shiller PE Ratio

: 26.39 (As of Today)
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As of today (2019-10-14), McGrath RentCorp's current share price is $67.29. McGrath RentCorp's E10 for the quarter that ended in Jun. 2019 was $2.55. McGrath RentCorp's Shiller P/E Ratio for today is 26.39.

NAS:MGRC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.86   Max: 28.73
Current: 26.37

9.86
28.73

During the past years, McGrath RentCorp's highest Shiller P/E Ratio was 28.73. The lowest was 9.86. And the median was 18.24.

NAS:MGRC's Shiller PE Ratio is ranked lower than
68% of the 109 Companies
in the Consulting & Outsourcing industry.

( Industry Median: 17.99 vs. NAS:MGRC: 26.37 )

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.

McGrath RentCorp's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.55 for the trailing ten years ended in Jun. 2019.


McGrath RentCorp 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.

McGrath RentCorp 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 19.84 14.09 21.93 20.82 21.24

McGrath RentCorp Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 27.19 22.74 21.24 22.78 24.35

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.


McGrath RentCorp Shiller PE Ratio Distribution

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



McGrath RentCorp Shiller PE Ratio Calculation

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.

McGrath RentCorp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=67.29/2.55
=26.39

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

McGrath RentCorp's E10 for the fiscal year that ended in Dec18 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.79/256.143*256.143
=0.790

Current CPI (Jun. 2019) = 256.143.

McGrath RentCorp Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.400 215.969 0.474
200912 0.370 215.949 0.439
201003 0.280 217.631 0.330
201006 0.310 217.965 0.364
201009 0.400 218.439 0.469
201012 0.520 219.179 0.608
201103 0.390 223.467 0.447
201106 0.460 225.722 0.522
201109 0.620 226.889 0.700
201112 0.530 225.672 0.602
201203 0.390 229.392 0.435
201206 0.420 229.478 0.469
201209 0.500 231.407 0.553
201212 0.470 229.601 0.524
201303 0.360 232.773 0.396
201306 0.380 233.504 0.417
201309 0.480 234.149 0.525
201312 0.450 233.049 0.495
201403 0.300 236.293 0.325
201406 0.390 238.343 0.419
201409 0.530 238.031 0.570
201412 0.530 234.812 0.578
201503 0.260 236.119 0.282
201506 0.320 238.638 0.343
201509 0.540 237.945 0.581
201512 0.480 236.525 0.520
201603 0.270 238.132 0.290
201606 0.380 241.018 0.404
201609 0.540 241.428 0.573
201612 0.400 241.432 0.424
201703 0.330 243.801 0.347
201706 0.480 244.955 0.502
201709 0.690 246.819 0.716
201712 4.820 246.524 5.008
201803 0.590 249.554 0.606
201806 0.650 251.989 0.661
201809 1.010 252.439 1.025
201812 0.990 251.233 1.009
201903 0.750 254.202 0.756
201906 0.790 256.143 0.790

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


  (:) 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.


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