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GuruFocus has detected 4 Warning Signs with China Petroleum & Chemical Corp $SNP.
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China Petroleum & Chemical Corp (NYSE:SNP)
Shiller PE Ratio
9.43 (As of Today)

As of today, China Petroleum & Chemical Corp's current share price is $79.06. China Petroleum & Chemical Corp's E10 for the quarter that ended in Mar. 2017 was $8.38. China Petroleum & Chemical Corp's Shiller P/E Ratio for today is 9.43.

SNP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.24   Max: 22.51
Current: 10.04

7.24
22.51

During the past 13 years, China Petroleum & Chemical Corp's highest Shiller P/E Ratio was 22.51. The lowest was 7.24. And the median was 9.59.

SNP's Shiller PE Ratio is ranked higher than
68% of the 25 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 11.27 vs. SNP: 10.04 )

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.

China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2017 was $2.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.38 for the trailing ten years ended in Mar. 2017.


Definition

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.

China Petroleum & Chemical Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=79.06/8.38
=9.43

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

China Petroleum & Chemical Corp's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, China Petroleum & Chemical Corp's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=2.05976211198/243.801*243.801
=2.060

Current CPI (Mar. 2017) = 243.801.

China Petroleum & Chemical Corp Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps -0.7110.2893.1100.2040.7130.8461.6691.2592.0382.060
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS -0.7380.2983.1780.2090.7350.8661.6891.2722.0582.060
201206201209201212201303201306201309201312201403201406201409
per share eps 1.4352.4213.0162.3171.6632.8761.7781.9442.5202.639
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 1.5252.5513.2032.4271.7362.9941.8602.0062.5782.703
200912201003201006201009201012201103201106201109201112201203
per share eps 7.7472.1072.6172.5572.0472.7652.6852.7211.5871.864
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 8.7462.3612.9282.8542.2773.0172.9002.9241.7151.982
200706200709200712200803200806200809200812200903200906200909
per share eps 2.0261.2722.8220.4680.3340.0003.8471.4602.8282.141
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 2.3711.4883.2760.5340.3730.0004.4611.6743.1972.416

Add all the adjusted EPS together and divide 10 will get our E10.


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.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

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

China Petroleum & Chemical Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 0.000.000.0013.9510.999.697.6210.948.479.25

China Petroleum & Chemical Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 10.9410.9711.587.918.478.137.998.319.259.69
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