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Texas Instruments Shiller PE Ratio

: 40.84 (As of Today)
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As of today (2019-10-19), Texas Instruments's current share price is $129.46. Texas Instruments's E10 for the quarter that ended in Jun. 2019 was $3.17. Texas Instruments's Shiller P/E Ratio for today is 40.84.

NAS:TXN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.76   Max: 47.88
Current: 40.78

11.76
47.88

During the past years, Texas Instruments's highest Shiller P/E Ratio was 47.88. The lowest was 11.76. And the median was 23.66.

NAS:TXN's Shiller PE Ratio is ranked lower than
68% of the 263 Companies
in the Semiconductors industry.

( Industry Median: 26.91 vs. NAS:TXN: 40.78 )

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.

Texas Instruments's adjusted earnings per share data for the three months ended in Jun. 2019 was $1.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.17 for the trailing ten years ended in Jun. 2019.


Texas Instruments 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.

Texas Instruments 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 25.92 24.98 32.38 42.81 32.82

Texas Instruments 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 41.51 38.45 32.82 34.98 36.15

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.


Texas Instruments Shiller PE Ratio Distribution

* The bar in red indicates where Texas Instruments's Shiller PE Ratio falls into.



Texas Instruments 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.

Texas Instruments's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=129.46/3.17
=40.84

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

Texas Instruments's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Texas Instruments'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)
=1.36/256.143*256.143
=1.360

Current CPI (Jun. 2019) = 256.143.

Texas Instruments Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.420 215.969 0.498
200912 0.520 215.949 0.617
201003 0.520 217.631 0.612
201006 0.620 217.965 0.729
201009 0.710 218.439 0.833
201012 0.770 219.179 0.900
201103 0.550 223.467 0.630
201106 0.560 225.722 0.635
201109 0.510 226.889 0.576
201112 0.260 225.672 0.295
201203 0.220 229.392 0.246
201206 0.380 229.478 0.424
201209 0.670 231.407 0.742
201212 0.230 229.601 0.257
201303 0.320 232.773 0.352
201306 0.580 233.504 0.636
201309 0.560 234.149 0.613
201312 0.460 233.049 0.506
201403 0.440 236.293 0.477
201406 0.620 238.343 0.666
201409 0.760 238.031 0.818
201412 0.760 234.812 0.829
201503 0.610 236.119 0.662
201506 0.650 238.638 0.698
201509 0.760 237.945 0.818
201512 0.800 236.525 0.866
201603 0.690 238.132 0.742
201606 0.790 241.018 0.840
201609 0.980 241.428 1.040
201612 1.020 241.432 1.082
201703 0.970 243.801 1.019
201706 1.030 244.955 1.077
201709 1.260 246.819 1.308
201712 0.340 246.524 0.353
201803 1.350 249.554 1.386
201806 1.400 251.989 1.423
201809 1.580 252.439 1.603
201812 1.270 251.233 1.295
201903 1.260 254.202 1.270
201906 1.360 256.143 1.360

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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