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Hormel Foods Corp  (NYSE:HRL) Shiller PE Ratio: 31.85 (As of Today)

As of today, Hormel Foods Corp's current share price is USD 42.04. Hormel Foods Corp's E10 for the quarter that ended in Apr. 2019 was USD 1.32. Hormel Foods Corp's Shiller P/E Ratio for today is 31.85.

NYSE:HRL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 14.43   Max: 50.01
Current: 31.87

14.43
50.01

During the past years, Hormel Foods Corp's highest Shiller P/E Ratio was 50.01. The lowest was 14.43. And the median was 30.01.

NYSE:HRL's Shiller PE Ratio is ranked lower than
76% of the 537 Companies
in the Global industry.

( Industry Median: 20.26 vs. NYSE:HRL: 31.87 )

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.

Hormel Foods Corp's adjusted earnings per share data for the three months ended in Apr. 2019 was USD 0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is USD 1.32 for the trailing ten years ended in Apr. 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.

Hormel Foods Corp Annual Data

Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.45 39.21 39.55 28.43 35.05

Hormel Foods Corp Quarterly Data

Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19
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 30.93 29.68 35.05 33.29 30.30

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.


Hormel Foods Corp Distribution

* The bar in red indicates where Hormel Foods Corp'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.

Hormel Foods Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=42.04/1.32
=31.85

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

Hormel Foods Corp's E10 for the fiscal year that ended in Oct18 is calculated as:

For example, Hormel Foods Corp's adjusted earnings per share data for the three months ended in Apr. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Apr. 2019 (Change)*Current CPI (Apr. 2019)
=0.52/254.915*254.915
=0.520

Current CPI (Apr. 2019) = 254.915.

Hormel Foods Corp Quarterly Data

per_share_eps CPI Adj_EPS
200907 0.143 215.351 0.169
200910 0.193 216.177 0.228
201001 0.205 216.687 0.241
201004 0.145 218.009 0.170
201007 0.160 218.011 0.187
201010 0.225 218.711 0.262
201101 0.275 220.223 0.318
201104 0.200 224.906 0.227
201107 0.180 225.922 0.203
201110 0.215 226.421 0.242
201201 0.240 226.665 0.270
201204 0.240 230.085 0.266
201207 0.205 229.104 0.228
201210 0.245 231.317 0.270
201301 0.240 230.280 0.266
201304 0.230 232.531 0.252
201307 0.210 233.596 0.229
201310 0.290 233.546 0.317
201401 0.285 233.916 0.311
201404 0.260 237.072 0.280
201407 0.255 238.250 0.273
201410 0.315 237.433 0.338
201501 0.320 233.707 0.349
201504 0.330 236.599 0.356
201507 0.270 238.654 0.288
201510 0.345 237.838 0.370
201601 0.430 236.916 0.463
201604 0.400 239.261 0.426
201607 0.360 240.628 0.381
201610 0.450 241.729 0.475
201701 0.440 242.839 0.462
201704 0.390 244.524 0.407
201707 0.340 244.786 0.354
201710 0.410 246.663 0.424
201801 0.560 247.867 0.576
201804 0.440 250.546 0.448
201807 0.390 252.006 0.395
201810 0.480 252.885 0.484
201901 0.440 251.712 0.446
201904 0.520 254.915 0.520

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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