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Costamare Shiller PE Ratio

: 10.50 (As of Today)
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As of today (2021-11-28), Costamare's current share price is $12.08. Costamare's E10 for the quarter that ended in Sep. 2021 was $1.15. Costamare's Shiller PE Ratio for today is 10.50.

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

NYSE:CMRE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.15   Med: 6.39   Max: 14.15
Current: 10.54

3.15
14.15

During the past years, Costamare's highest Shiller PE Ratio was 14.15. The lowest was 3.15. And the median was 6.39.

NYSE:CMRE's Shiller PE Ratio is ranked lower than
99.99% of the 56 Companies
in the Transportation industry.

( Industry Median: 27.76 vs. NYSE:CMRE: 10.54 )

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.

Costamare's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.15 for the trailing ten years ended in Sep. 2021.

Shiller PE for Stocks: The True Measure of Stock Valuation


Costamare Shiller PE Ratio Historical Data

The historical data trend for Costamare'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.

Costamare 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 - - - 7.87 8.20

Costamare 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 5.99 8.20 9.24 10.90 13.51

Competitive Comparison

For the Marine Shipping subindustry, Costamare'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.

   

Costamare Shiller PE Ratio Distribution

For the Transportation industry and Industrials sector, Costamare's Shiller PE Ratio distribution charts can be found below:

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



Costamare 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.

Costamare's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=12.08/1.15
=10.50

* 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.

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

For example, Costamare'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)
=0.87/115.7343*115.7343
=0.870

Current CPI (Sep. 2021) = 115.7343.

Costamare Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201112 0.430 95.213 0.523
201203 0.400 96.783 0.478
201206 0.310 96.819 0.371
201209 0.180 97.633 0.213
201212 0.310 96.871 0.370
201303 0.330 98.209 0.389
201306 0.410 98.518 0.482
201309 0.270 98.790 0.316
201312 0.350 98.326 0.412
201403 0.230 99.695 0.267
201406 0.320 100.560 0.368
201409 0.450 100.428 0.519
201412 0.370 99.070 0.432
201503 0.310 99.621 0.360
201506 0.530 100.684 0.609
201509 0.390 100.392 0.450
201512 0.440 99.792 0.510
201603 0.400 100.470 0.461
201606 0.420 101.688 0.478
201609 0.200 101.861 0.227
201612 -0.200 101.863 -0.227
201703 0.200 102.862 0.225
201706 0.180 103.349 0.202
201709 0.180 104.136 0.200
201712 -0.020 104.011 -0.022
201803 0.110 105.290 0.121
201806 0.060 106.317 0.065
201809 0.060 106.507 0.065
201812 0.110 105.998 0.120
201903 -0.080 107.251 -0.086
201906 0.180 108.070 0.193
201909 0.240 108.329 0.256
201912 0.240 108.420 0.256
202003 0.210 108.902 0.223
202006 -0.700 108.767 -0.745
202009 0.140 109.815 0.148
202012 0.160 109.897 0.168
202103 0.490 111.754 0.507
202106 0.680 114.631 0.687
202109 0.870 115.734 0.870

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.


Costamare  (NYSE:CMRE) 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.


Costamare Shiller PE Ratio Related Terms

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


Costamare Business Description

Costamare logo
Industry
Industrials » Transportation NAICS : 488320 SIC : 4789
Address
7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.

Costamare Headlines

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