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Main Street Capital Corp  (NYSE:MAIN) Shiller PE Ratio: 15.03 (As of Today)

As of today, Main Street Capital Corp's current share price is $41.49. Main Street Capital Corp's E10 for the quarter that ended in Mar. 2019 was $2.76. Main Street Capital Corp's Shiller P/E Ratio for today is 15.03.

NYSE:MAIN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.41   Max: 17.9
Current: 15.03

12.41
17.9

During the past years, Main Street Capital Corp's highest Shiller P/E Ratio was 17.90. The lowest was 12.41. And the median was 15.72.

NYSE:MAIN's Shiller PE Ratio is ranked higher than
56% of the 310 Companies
in the Global industry.

( Industry Median: 15.31 vs. NYSE:MAIN: 15.03 )

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.

Main Street Capital Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.669. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.76 for the trailing ten years ended in Mar. 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.

Main Street Capital Corp Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 16.74 16.23 12.83

Main Street Capital Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 14.69 14.80 14.52 12.83 13.47

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.


Main Street Capital Corp Distribution

* The bar in red indicates where Main Street Capital 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.

Main Street Capital Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=41.49/2.76
=15.03

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

Main Street Capital Corp's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Main Street Capital Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.669/254.202*254.202
=0.669

Current CPI (Mar. 2019) = 254.202.

Main Street Capital Corp Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.390 215.693 0.460
200909 0.660 215.969 0.777
200912 0.140 215.949 0.165
201003 0.630 217.631 0.736
201006 0.590 217.965 0.688
201009 0.650 218.439 0.756
201012 0.280 219.179 0.325
201103 0.540 223.467 0.614
201106 0.420 225.722 0.473
201109 0.620 226.889 0.695
201112 0.820 225.672 0.924
201203 0.890 229.392 0.986
201206 0.820 229.478 0.908
201209 1.000 231.407 1.099
201212 0.760 229.601 0.841
201303 0.680 232.773 0.743
201306 0.690 233.504 0.751
201309 0.730 234.149 0.793
201312 0.530 233.049 0.578
201403 0.680 236.293 0.732
201406 0.680 238.343 0.725
201409 0.480 238.031 0.513
201412 0.490 234.812 0.530
201503 0.770 236.119 0.829
201506 0.820 238.638 0.873
201509 0.410 237.945 0.438
201512 0.150 236.525 0.161
201603 0.330 238.132 0.352
201606 0.600 241.018 0.633
201609 0.820 241.428 0.863
201612 0.900 241.432 0.948
201703 0.570 243.801 0.594
201706 0.760 244.955 0.789
201709 0.610 246.819 0.628
201712 1.050 246.524 1.083
201803 0.587 249.554 0.598
201806 0.930 251.989 0.938
201809 1.130 252.439 1.138
201812 0.160 251.233 0.162
201903 0.669 254.202 0.669

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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