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Verizon Communications Shiller PE Ratio

: 19.38 (As of Today)
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As of today (2019-10-19), Verizon Communications's current share price is $61.05. Verizon Communications's E10 for the quarter that ended in Jun. 2019 was $3.15. Verizon Communications's Shiller P/E Ratio for today is 19.38.

NYSE:VZ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.98   Max: 36.24
Current: 19.37
11.98
36.24

During the past years, Verizon Communications's highest Shiller P/E Ratio was 36.24. The lowest was 11.98. And the median was 23.60.

NYSE:VZ's Shiller PE Ratio is ranked lower than
58% of the 173 Companies
in the Communication Services industry.

( Industry Median: 16.14 vs. NYSE:VZ: 19.37 )

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.

Verizon Communications's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.15 for the trailing ten years ended in Jun. 2019.

Verizon Communications 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.

Verizon Communications 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 27.59 25.31 27.66 21.35 18.71

Verizon Communications 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 19.37 19.97 18.71 19.15 18.13
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.

Verizon Communications Shiller PE Ratio Distribution

* The bar in red indicates where Verizon Communications's Shiller PE Ratio falls into.


Verizon Communications 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.

Verizon Communications's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=61.05/3.15
=19.38

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

Verizon Communications's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Verizon Communications'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)
=0.95/256.143*256.143
=0.950

Current CPI (Jun. 2019) = 256.143.

Verizon Communications Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.410 215.969 0.486
200912 -0.230 215.949 -0.273
201003 0.160 217.631 0.188
201006 -0.420 217.965 -0.494
201009 0.230 218.439 0.270
201012 0.930 219.179 1.087
201103 0.510 223.467 0.585
201106 0.570 225.722 0.647
201109 0.490 226.889 0.553
201112 -0.710 225.672 -0.806
201203 0.590 229.392 0.659
201206 0.640 229.478 0.714
201209 0.560 231.407 0.620
201212 -1.480 229.601 -1.651
201303 0.680 232.773 0.748
201306 0.780 233.504 0.856
201309 0.780 234.149 0.853
201312 1.760 233.049 1.934
201403 1.150 236.293 1.247
201406 1.010 238.343 1.085
201409 0.890 238.031 0.958
201412 -0.540 234.812 -0.589
201503 1.020 236.119 1.107
201506 1.040 238.638 1.116
201509 0.990 237.945 1.066
201512 1.320 236.525 1.429
201603 1.060 238.132 1.140
201606 0.170 241.018 0.181
201609 0.890 241.428 0.944
201612 1.100 241.432 1.167
201703 0.840 243.801 0.883
201706 1.070 244.955 1.119
201709 0.890 246.819 0.924
201712 4.560 246.524 4.738
201803 1.110 249.554 1.139
201806 1.000 251.989 1.016
201809 1.190 252.439 1.207
201812 0.470 251.233 0.479
201903 1.220 254.202 1.229
201906 0.950 256.143 0.950

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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