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Raytheon Co Shiller PE Ratio

: 27.22 (As of Today)
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As of today (2019-10-22), Raytheon Co's current share price is $202.24. Raytheon Co's E10 for the quarter that ended in Jun. 2019 was $7.43. Raytheon Co's Shiller P/E Ratio for today is 27.22.

NYSE:RTN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.19   Max: 36.08
Current: 27.22

13.19
36.08

During the past years, Raytheon Co's highest Shiller P/E Ratio was 36.08. The lowest was 13.19. And the median was 21.93.

NYSE:RTN's Shiller PE Ratio is ranked higher than
60% of the 112 Companies
in the Aerospace & Defense industry.

( Industry Median: 31.82 vs. NYSE:RTN: 27.22 )

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.

Raytheon Co's adjusted earnings per share data for the three months ended in Jun. 2019 was $2.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.43 for the trailing ten years ended in Jun. 2019.


Raytheon Co 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.

Raytheon Co 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 20.95 22.01 22.97 29.74 21.91

Raytheon Co Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 28.76 29.98 21.91 25.25 23.41

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.


Raytheon Co Shiller PE Ratio Distribution

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



Raytheon Co Shiller PE Ratio 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.

Raytheon Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=202.24/7.43
=27.22

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

Raytheon Co's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Raytheon Co's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=2.92/256.143*256.143
=2.920

Current CPI (Jun. 2019) = 256.143.

Raytheon Co Quarterly Data

per_share_eps CPI Adj_EPS
200909 1.250 215.969 1.483
200912 1.300 215.949 1.542
201003 1.160 217.631 1.365
201006 0.550 217.965 0.646
201009 1.940 218.439 2.275
201012 1.250 219.179 1.461
201103 1.060 223.467 1.215
201106 1.230 225.722 1.396
201109 1.430 226.889 1.614
201112 1.570 225.672 1.782
201203 1.320 229.392 1.474
201206 1.410 229.478 1.574
201209 1.500 231.407 1.660
201212 1.420 229.601 1.584
201303 1.490 232.773 1.640
201306 1.500 233.504 1.645
201309 1.510 234.149 1.652
201312 1.660 233.049 1.824
201403 1.890 236.293 2.049
201406 1.760 238.343 1.891
201409 1.650 238.031 1.776
201412 1.880 234.812 2.051
201503 1.790 236.119 1.942
201506 1.650 238.638 1.771
201509 1.470 237.945 1.582
201512 1.890 236.525 2.047
201603 1.430 238.132 1.538
201606 2.410 241.018 2.561
201609 1.840 241.428 1.952
201612 1.840 241.432 1.952
201703 1.740 243.801 1.828
201706 1.890 244.955 1.976
201709 1.970 246.819 2.044
201712 1.350 246.524 1.403
201803 2.190 249.554 2.248
201806 2.780 251.989 2.826
201809 2.250 252.439 2.283
201812 2.930 251.233 2.987
201903 2.770 254.202 2.791
201906 2.920 256.143 2.920

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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