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CIT Group Shiller PE Ratio

: 24.48 (As of Today)
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As of today (2020-12-01), CIT Group's current share price is $35.01. CIT Group's E10 for the quarter that ended in Sep. 2020 was $1.43. CIT Group's Shiller PE Ratio for today is 24.48.

NYSE:CIT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.63   Med: 57.6   Max: 318.47
Current: 24.48

8.63
318.47

During the past years, CIT Group's highest Shiller PE Ratio was 318.47. The lowest was 8.63. And the median was 57.60.

NYSE:CIT's Shiller PE Ratio is ranked lower than
90% of the 1013 Companies
in the Banks industry.

( Industry Median: 12.27 vs. NYSE:CIT: 24.48 )

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. 2020 was $0.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.43 for the trailing ten years ended in Sep. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


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 46.92 0.00 284.92 21.73 19.48

CIT Group Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 14.30 19.48 10.77 14.67 12.35

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.


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
=35.01/1.43
=24.48

* 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 Sep. 2020 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=0.84/109.8149*109.8149
=0.840

Current CPI (Sep. 2020) = 109.8149.

CIT Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201012 0.410 92.914 0.485
201103 0.330 94.890 0.382
201106 -0.250 95.319 -0.288
201109 -0.160 95.529 -0.184
201112 0.150 95.632 0.172
201203 -2.130 97.075 -2.410
201206 -0.360 96.661 -0.409
201209 -1.490 97.595 -1.677
201212 1.030 97.158 1.164
201303 0.810 98.107 0.907
201306 0.910 98.557 1.014
201309 0.990 98.536 1.103
201312 0.650 98.692 0.723
201403 0.590 100.023 0.648
201406 1.290 100.520 1.409
201409 2.760 100.176 3.026
201412 1.370 98.604 1.526
201503 0.590 99.824 0.649
201506 0.660 100.691 0.720
201509 3.610 100.346 3.951
201512 0.720 99.957 0.791
201603 0.720 100.947 0.783
201606 0.080 101.524 0.087
201609 0.650 101.988 0.700
201612 -5.710 102.456 -6.120
201703 0.880 103.167 0.937
201706 0.850 103.278 0.904
201709 1.610 104.070 1.699
201712 -0.740 104.578 -0.777
201803 0.740 105.708 0.769
201806 0.940 106.324 0.971
201809 1.150 106.695 1.184
201812 0.780 106.200 0.807
201903 1.180 107.818 1.202
201906 1.330 108.250 1.349
201909 1.500 108.577 1.517
201912 1.270 108.841 1.281
202003 -6.400 108.173 -6.497
202006 -0.990 109.318 -0.995
202009 0.840 109.815 0.840

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


CIT Group Shiller PE Ratio Headlines

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