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Spirit Airlines Shiller PE Ratio

: 10.82 (As of Today)
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As of today (2019-10-16), Spirit Airlines's current share price is $36.89. Spirit Airlines's E10 for the quarter that ended in Jun. 2019 was $3.41. Spirit Airlines's Shiller P/E Ratio for today is 10.82.

NYSE:SAVE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.97   Max: 14.92
Current: 10.82

9.97
14.92

During the past years, Spirit Airlines's highest Shiller P/E Ratio was 14.92. The lowest was 9.97. And the median was 11.72.

NYSE:SAVE's Shiller PE Ratio is ranked higher than
78% of the 36 Companies
in the Airlines industry.

( Industry Median: 15.83 vs. NYSE:SAVE: 10.82 )

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.

Spirit Airlines's adjusted earnings per share data for the three months ended in Jun. 2019 was $1.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.41 for the trailing ten years ended in Jun. 2019.


Spirit Airlines 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.

Spirit Airlines 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 0.00 0.00 0.00

Spirit Airlines 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 0.00 0.00 0.00 0.00 14.00

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.


Spirit Airlines Shiller PE Ratio Distribution

* The bar in red indicates where Spirit Airlines's Shiller PE Ratio falls into.



Spirit Airlines 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.

Spirit Airlines's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=36.89/3.41
=10.82

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

Spirit Airlines's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Spirit Airlines'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)
=1.67/256.143*256.143
=1.670

Current CPI (Jun. 2019) = 256.143.

Spirit Airlines Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.535 215.969 0.635
200912 1.045 215.949 1.239
201003 0.420 217.631 0.494
201006 -0.380 217.965 -0.447
201009 2.330 218.439 2.732
201012 0.360 219.179 0.421
201103 0.300 223.467 0.344
201106 0.410 225.722 0.465
201109 0.380 226.889 0.429
201112 0.320 225.672 0.363
201203 0.320 229.392 0.357
201206 0.480 229.478 0.536
201209 0.430 231.407 0.476
201212 0.270 229.601 0.301
201303 0.420 232.773 0.462
201306 0.580 233.504 0.636
201309 0.840 234.149 0.919
201312 0.590 233.049 0.648
201403 0.510 236.293 0.553
201406 0.880 238.343 0.946
201409 0.910 238.031 0.979
201412 0.760 234.812 0.829
201503 0.940 236.119 1.020
201506 1.050 238.638 1.127
201509 1.350 237.945 1.453
201512 1.040 236.525 1.126
201603 0.860 238.132 0.925
201606 1.030 241.018 1.095
201609 1.170 241.428 1.241
201612 0.700 241.432 0.743
201703 0.450 243.801 0.473
201706 1.110 244.955 1.161
201709 0.860 246.819 0.892
201712 3.590 246.524 3.730
201803 -0.660 249.554 -0.677
201806 0.160 251.989 0.163
201809 1.420 252.439 1.441
201812 1.340 251.233 1.366
201903 0.820 254.202 0.826
201906 1.670 256.143 1.670

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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