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General Mills Inc  (NYSE:GIS) Shiller PE Ratio: 18.82 (As of Today)

As of today, General Mills Inc's current share price is $53.82. General Mills Inc's E10 for the quarter that ended in Feb. 2019 was $2.86. General Mills Inc's Shiller P/E Ratio for today is 18.82.

NYSE:GIS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.16   Max: 29.34
Current: 18.78

13.16
29.34

During the past years, General Mills Inc's highest Shiller P/E Ratio was 29.34. The lowest was 13.16. And the median was 21.52.

NYSE:GIS's Shiller PE Ratio is ranked higher than
66% of the 537 Companies
in the Global industry.

( Industry Median: 20.26 vs. NYSE:GIS: 18.78 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

General Mills Inc's adjusted earnings per share data for the three months ended in Feb. 2019 was $0.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.86 for the trailing ten years ended in Feb. 2019.


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.

General Mills Inc Annual Data

May09 May10 May11 May12 May13 May14 May15 May16 May17 May18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.55 24.00 25.45 21.81 14.95

General Mills Inc Quarterly Data

May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19
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 18.41 14.95 16.16 14.90 16.46

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.


General Mills Inc Distribution

* The bar in red indicates where General Mills Inc's Shiller PE Ratio falls into.



Calculation

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

General Mills Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=53.82/2.86
=18.82

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

General Mills Inc's E10 for the fiscal year that ended in May18 is calculated as:

For example, General Mills Inc's adjusted earnings per share data for the three months ended in Feb. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Feb. 2019 (Change)*Current CPI (Feb. 2019)
=0.74/252.776*252.776
=0.740

Current CPI (Feb. 2019) = 252.776.

General Mills Inc Quarterly Data

per_share_eps CPI Adj_EPS
200905 0.535 213.856 0.632
200908 0.620 215.834 0.726
200911 0.830 216.330 0.970
201002 0.480 216.741 0.560
201005 0.300 218.178 0.348
201008 0.700 218.312 0.811
201011 0.920 218.803 1.063
201102 0.590 221.309 0.674
201105 0.480 225.964 0.537
201108 0.610 226.545 0.681
201111 0.670 226.230 0.749
201202 0.580 227.663 0.644
201205 0.490 229.815 0.539
201208 0.820 230.379 0.900
201211 0.820 230.221 0.900
201302 0.600 232.166 0.653
201305 0.550 232.945 0.597
201308 0.700 233.877 0.757
201311 0.840 233.069 0.911
201402 0.640 234.781 0.689
201405 0.650 237.900 0.691
201408 0.550 237.852 0.585
201411 0.560 236.151 0.599
201502 0.560 234.722 0.603
201505 0.300 237.805 0.319
201508 0.690 238.316 0.732
201511 0.870 237.336 0.927
201602 0.590 237.111 0.629
201605 0.620 240.229 0.652
201608 0.670 240.849 0.703
201611 0.800 241.353 0.838
201702 0.610 243.603 0.633
201705 0.690 244.733 0.713
201708 0.690 245.519 0.710
201711 0.740 246.669 0.758
201802 1.620 248.991 1.645
201805 0.590 251.588 0.593
201808 0.650 252.146 0.652
201811 0.570 252.038 0.572
201902 0.740 252.776 0.740

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


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


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