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CIT Group Shiller PE Ratio

: 22.00 (As of Today)
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As of today (2021-12-03), CIT Group's current share price is $47.75. CIT Group's E10 for the quarter that ended in Sep. 2021 was $2.17. CIT Group's Shiller PE Ratio for today is 22.00.

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

NYSE:CIT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.52   Med: 48.25   Max: 318.47
Current: 22

8.52
318.47

During the past years, CIT Group's highest Shiller PE Ratio was 318.47. The lowest was 8.52. And the median was 48.25.

NYSE:CIT's Shiller PE Ratio is ranked lower than
84% of the 1076 Companies
in the Banks industry.

( Industry Median: 13.54 vs. NYSE:CIT: 22.00 )

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 Sep. 2021 was $1.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.17 for the trailing ten years ended in Sep. 2021.

Shiller PE for Stocks: The True Measure of Stock Valuation


CIT Group Shiller PE Ratio Historical Data

The historical data trend for CIT Group'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.

CIT Group 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 - 295.20 21.78 19.57 25.93

CIT Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 12.33 25.93 30.80 26.32 23.94

Competitive Comparison

For the Banks - Regional subindustry, CIT Group'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.

   

CIT Group Shiller PE Ratio Distribution

For the Banks industry and Financial Services sector, CIT Group's Shiller PE Ratio distribution charts can be found below:

* 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
=47.75/2.17
=22.00

* 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.

CIT Group's E10 for the quarter that ended in Sep. 2021 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=1.72/115.7343*115.7343
=1.720

Current CPI (Sep. 2021) = 115.7343.

CIT Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201112 0.150 95.213 0.182
201203 -2.130 96.783 -2.547
201206 -0.360 96.819 -0.430
201209 -1.490 97.633 -1.766
201212 1.030 96.871 1.231
201303 0.810 98.209 0.955
201306 0.910 98.518 1.069
201309 0.990 98.790 1.160
201312 0.650 98.326 0.765
201403 0.590 99.695 0.685
201406 1.290 100.560 1.485
201409 2.760 100.428 3.181
201412 1.370 99.070 1.600
201503 0.590 99.621 0.685
201506 0.660 100.684 0.759
201509 3.610 100.392 4.162
201512 0.720 99.792 0.835
201603 0.720 100.470 0.829
201606 0.080 101.688 0.091
201609 0.650 101.861 0.739
201612 -5.710 101.863 -6.488
201703 0.880 102.862 0.990
201706 0.850 103.349 0.952
201709 1.610 104.136 1.789
201712 -0.740 104.011 -0.823
201803 0.740 105.290 0.813
201806 0.940 106.317 1.023
201809 1.150 106.507 1.250
201812 0.780 105.998 0.852
201903 1.180 107.251 1.273
201906 1.330 108.070 1.424
201909 1.500 108.329 1.603
201912 1.270 108.420 1.356
202003 -6.400 108.902 -6.802
202006 -0.990 108.767 -1.053
202009 0.840 109.815 0.885
202012 -0.040 109.897 -0.042
202103 3.040 111.754 3.148
202106 2.140 114.631 2.161
202109 1.720 115.734 1.720

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.


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

Thank you for viewing the detailed overview of CIT Group's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CIT Group Business Description

CIT Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
11 West 42nd Street, New York, NY, USA, 10036
CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.
Executives
Alemany Ellen R director, officer: Chair & CEO ONE ADP BOULEVARD ROSELAND NJ 07068
Rosenfeld Gerald director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Duffy James J officer: EVP & Chief HR Officer C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Solk Steve officer: President, Consumer Banking C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Fawcett John J. officer: EVP and Chief Financial Office C/O CIT GROUP INC. 1 CIT DRIVE LIVINGSTON NJ 07039
Sperling Edward K officer: EVP & Controller C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Menelly Denise M. officer: EVP, Head of Technology & Ops C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Proia Gina M. officer: EVP & Head of Marketing C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Plummer Wahida officer: EVP & Chief Risk Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harney Marisa officer: EVP & Chief Credit Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harnisch David officer: Pres., Commercial Finance C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Tran Khanh T director C/O CIT GROUP INC., 1 CIT DRIVE, #3521-9 LIVINGSTON NJ 07039
Freeman William M director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Oates R. Brad director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Frank Alan L director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039

CIT Group Headlines

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