As of today (2024-04-18), Cognex's current share price is $38.69. Cognex's E10 for the quarter that ended in Dec. 2023 was $1.24. Cognex's Shiller PE Ratio for today is 31.20.
The historical rank and industry rank for Cognex's Shiller PE Ratio or its related term are showing as below:
CGNX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 27.71 Med: 66.61 Max: 124.47
Current: 31.2
During the past years, Cognex's highest Shiller PE Ratio was 124.47. The lowest was 27.71. And the median was 66.61.
CGNX's Shiller PE Ratio is ranked worse than 61.89% of 1354
companies
in the Hardware industry
Industry Median: 23.57
vs CGNX: 31.20
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.
Cognex's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.24 for the trailing ten years ended in Dec. 2023.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cognex Shiller PE Ratio Historical Data
The historical data trend for Cognex'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.
Cognex Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Shiller PE Ratio
69.43
92.08
74.57
39.77
33.80
Cognex Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Shiller PE Ratio
39.77
41.02
45.12
34.00
33.80
Competitive Comparison
For the Scientific & Technical Instruments subindustry, Cognex'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.
Cognex Shiller PE Ratio Distribution
For the Hardware industry and Technology sector, Cognex's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Cognex's Shiller PE Ratio falls into.
Cognex 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.
Cognex's Shiller PE Ratio for today is calculated as
* 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.
Cognex's E10 for the quarter that ended in Dec. 2023 is calculated as:
For example, Cognex's adjusted earnings per share data for the three months ended in Dec. 2023 was:
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.
Cognex (NAS:CGNX) 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.
Cognex Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of Cognex's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.
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