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CIT Group Shiller PE Ratio

: 10.08 (As of Today)
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As of today (2020-05-26), CIT Group's current share price is $16.03. CIT Group's E10 for the quarter that ended in Mar. 2020 was $1.59. CIT Group's Shiller PE Ratio for today is 10.08.

NYSE:CIT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.68   Med: 59.49   Max: 338.38
Current: 10.07

8.68
338.38

During the past years, CIT Group's highest Shiller PE Ratio was 338.38. The lowest was 8.68. And the median was 59.49.

NYSE:CIT's Shiller PE Ratio is ranked higher than
56% of the 739 Companies
in the Banks industry.

( Industry Median: 10.80 vs. NYSE:CIT: 10.07 )

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.

CIT Group's adjusted earnings per share data for the three months ended in Mar. 2020 was $-6.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.59 for the trailing ten years ended in Mar. 2020.


CIT Group 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.

CIT Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.46 0.00 312.69 21.93 19.51

CIT Group Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 23.93 19.69 14.42 19.51 10.84

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.


CIT Group Shiller PE Ratio Distribution

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



CIT Group 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.

CIT Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=16.03/1.59
=10.08

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

CIT Group's E10 for the quarter that ended in Mar. 2020 is calculated as:

For example, CIT Group's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=-6.4/258.12*258.12
=-6.400

Current CPI (Mar. 2020) = 258.12.

CIT Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201006 0.910 217.970 1.078
201009 0.580 218.440 0.685
201012 0.410 219.180 0.483
201103 0.330 223.470 0.381
201106 -0.250 225.720 -0.286
201109 -0.160 226.890 -0.182
201112 0.150 225.670 0.172
201203 -2.130 229.390 -2.397
201206 -0.360 229.480 -0.405
201209 -1.490 231.410 -1.662
201212 1.030 229.600 1.158
201303 0.810 232.770 0.898
201306 0.910 233.500 1.006
201309 0.990 234.150 1.091
201312 0.650 233.050 0.720
201403 0.590 236.290 0.645
201406 1.290 238.340 1.397
201409 2.760 238.030 2.993
201412 1.370 234.810 1.506
201503 0.590 236.120 0.645
201506 0.660 238.640 0.714
201509 3.610 237.940 3.916
201512 0.720 236.530 0.786
201603 0.720 238.130 0.780
201606 0.080 241.020 0.086
201609 0.650 241.430 0.695
201612 -5.710 241.430 -6.105
201703 0.880 243.800 0.932
201706 0.850 244.960 0.896
201709 1.610 246.820 1.684
201712 -0.740 246.520 -0.775
201803 0.740 249.550 0.765
201806 0.940 251.990 0.963
201809 1.150 252.440 1.176
201812 0.780 251.230 0.801
201903 1.180 254.200 1.198
201906 1.330 256.140 1.340
201909 1.500 256.760 1.508
201912 1.270 256.970 1.276
202003 -6.400 258.120 -6.400

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


CIT Group  (NYSE:CIT) 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.


CIT Group Shiller PE Ratio Related Terms


CIT Group Shiller PE Ratio Headlines

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