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United Technologies Shiller PE Ratio

: 18.55 (As of Today)
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As of today, United Technologies's current share price is $125.05. United Technologies's E10 for the quarter that ended in Jun. 2019 was $6.74. United Technologies's Shiller P/E Ratio for today is 18.55.

NYSE:UTX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.79   Max: 24.64
Current: 18.55

11.79
24.64

During the past years, United Technologies's highest Shiller P/E Ratio was 24.64. The lowest was 11.79. And the median was 19.20.

NYSE:UTX's Shiller PE Ratio is ranked higher than
73% of the 110 Companies
in the Aerospace & Defense industry.

( Industry Median: 30.11 vs. NYSE:UTX: 18.55 )

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.

United Technologies's adjusted earnings per share data for the three months ended in Jun. 2019 was $2.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $6.74 for the trailing ten years ended in Jun. 2019.


United Technologies 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.

United Technologies 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 21.98 16.61 18.08 20.42 16.50

United Technologies 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 19.19 21.25 16.50 19.59 19.32

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.


United Technologies Shiller PE Ratio Distribution

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



United Technologies 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.

United Technologies's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=125.05/6.74
=18.55

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

United Technologies's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, United Technologies'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)
=2.2/256.143*256.143
=2.200

Current CPI (Jun. 2019) = 256.143.

United Technologies Quarterly Data

per_share_eps CPI Adj_EPS
200909 1.140 215.969 1.352
200912 1.150 215.949 1.364
201003 0.930 217.631 1.095
201006 1.200 217.965 1.410
201009 1.300 218.439 1.524
201012 1.310 219.179 1.531
201103 1.110 223.467 1.272
201106 1.450 225.722 1.645
201109 1.470 226.889 1.660
201112 1.470 225.672 1.668
201203 0.360 229.392 0.402
201206 1.470 229.478 1.641
201209 1.560 231.407 1.727
201212 2.260 229.601 2.521
201303 1.390 232.773 1.530
201306 1.710 233.504 1.876
201309 1.570 234.149 1.717
201312 1.600 233.049 1.759
201403 1.320 236.293 1.431
201406 1.840 238.343 1.977
201409 2.040 238.031 2.195
201412 1.620 234.812 1.767
201503 1.580 236.119 1.714
201506 1.730 238.638 1.857
201509 1.540 237.945 1.658
201512 3.860 236.525 4.180
201603 1.420 238.132 1.527
201606 1.650 241.018 1.754
201609 1.780 241.428 1.888
201612 1.250 241.432 1.326
201703 1.730 243.801 1.818
201706 1.800 244.955 1.882
201709 1.670 246.819 1.733
201712 0.500 246.524 0.520
201803 1.620 249.554 1.663
201806 2.560 251.989 2.602
201809 1.540 252.439 1.563
201812 0.830 251.233 0.846
201903 1.560 254.202 1.572
201906 2.200 256.143 2.200

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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