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Owens-Corning Inc  (NYSE:OC) Shiller PE Ratio: 16.57 (As of Today)

As of today, Owens-Corning Inc's current share price is $50.22. Owens-Corning Inc's E10 for the quarter that ended in Mar. 2019 was $3.03. Owens-Corning Inc's Shiller P/E Ratio for today is 16.57.

NYSE:OC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.37   Max: 1912.5
Current: 16.55

5.37
1912.5

During the past years, Owens-Corning Inc's highest Shiller P/E Ratio was 1912.50. The lowest was 5.37. And the median was 39.42.

NYSE:OC's Shiller PE Ratio is ranked lower than
64% of the 195 Companies
in the Global industry.

( Industry Median: 24.59 vs. NYSE:OC: 16.55 )

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.

Owens-Corning Inc's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.03 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.

Owens-Corning Inc 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 32.81 35.46 55.72 15.12

Owens-Corning Inc 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 45.27 33.98 19.77 15.12 15.53

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.


Owens-Corning Inc Distribution

* The bar in red indicates where Owens-Corning Inc'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.

Owens-Corning Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=50.22/3.03
=16.57

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

Owens-Corning Inc's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Owens-Corning Inc'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)
=0.4/254.202*254.202
=0.400

Current CPI (Mar. 2019) = 254.202.

Owens-Corning Inc Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.260 215.693 0.306
200909 0.630 215.969 0.742
200912 -0.170 215.949 -0.200
201003 0.380 217.631 0.444
201006 7.330 217.965 8.549
201009 0.460 218.439 0.535
201012 -0.840 219.179 -0.974
201103 0.190 223.467 0.216
201106 0.620 225.722 0.698
201109 1.010 226.889 1.132
201112 0.410 225.672 0.462
201203 -0.380 229.392 -0.421
201206 0.320 229.478 0.354
201209 0.370 231.407 0.406
201212 -0.470 229.601 -0.520
201303 0.180 232.773 0.197
201306 0.410 233.504 0.446
201309 0.430 234.149 0.467
201312 0.690 233.049 0.753
201403 1.010 236.293 1.087
201406 0.180 238.343 0.192
201409 0.440 238.031 0.470
201412 0.280 234.812 0.303
201503 0.150 236.119 0.161
201506 0.770 238.638 0.820
201509 0.950 237.945 1.015
201512 0.920 236.525 0.989
201603 0.490 238.132 0.523
201606 1.190 241.018 1.255
201609 0.970 241.428 1.021
201612 0.760 241.432 0.800
201703 0.890 243.801 0.928
201706 0.850 244.955 0.882
201709 0.850 246.819 0.875
201712 -0.040 246.524 -0.041
201803 0.820 249.554 0.835
201806 1.080 251.989 1.089
201809 1.450 252.439 1.460
201812 1.550 251.233 1.568
201903 0.400 254.202 0.400

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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