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Schweitzer-Mauduit International Inc (NYSE:SWM)
Shiller PE Ratio
18.16 (As of Today)

As of today, Schweitzer-Mauduit International Inc's current share price is $37.40. Schweitzer-Mauduit International Inc's E10 for the quarter that ended in Mar. 2017 was $2.06. Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is 18.16.

SWM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.28   Max: 49.78
Current: 18.17

7.28
49.78

During the past 13 years, Schweitzer-Mauduit International Inc's highest Shiller P/E Ratio was 49.78. The lowest was 7.28. And the median was 27.64.

SWM's Shiller PE Ratio is ranked higher than
72% of the 64 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 45.17 vs. SWM: 18.17 )

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.

Schweitzer-Mauduit International Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was $0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.06 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.

Schweitzer-Mauduit International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=37.40/2.06
=18.16

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

Schweitzer-Mauduit International Inc's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Schweitzer-Mauduit International Inc'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)
=0.45/243.985*243.985
=0.450

Current CPI (Mar. 2017) = 243.985.

Schweitzer-Mauduit International Inc Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 0.6100.6100.7600.8500.7200.6900.8500.6100.5500.450
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.985
Adj_EPS 0.6340.6300.7770.8720.7430.7070.8600.6160.5560.450
201206201209201212201303201306201309201312201403201406201409
per share eps 0.6600.8700.5300.9600.8400.920-0.3100.7500.8100.760
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.7020.9170.5631.0060.8780.959-0.3250.7740.8290.779
200912201003201006201009201012201103201106201109201112201203
per share eps 0.3050.5100.3900.4900.3700.4550.5700.2901.4200.450
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.3450.5720.4370.5470.4120.4970.6160.3121.5350.479
200706200709200712200803200806200809200812200903200906200909
per share eps 0.030-0.1350.080-0.0400.0650.215-0.2200.4350.2250.135
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 0.035-0.1580.093-0.0460.0720.240-0.2550.4990.2550.153

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.

Schweitzer-Mauduit International Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 14.1612.6444.1136.0331.1332.5339.2328.8124.7022.46

Schweitzer-Mauduit International Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 28.8130.2625.0620.9824.7017.9718.8819.9222.4620.14
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