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McMillan Shakespeare (ASX:MMS) Shiller PE Ratio : 22.94 (As of May. 05, 2024)


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What is McMillan Shakespeare Shiller PE Ratio?

As of today (2024-05-05), McMillan Shakespeare's current share price is A$18.58. McMillan Shakespeare's E10 for the fiscal year that ended in Jun23 was A$0.81. McMillan Shakespeare's Shiller PE Ratio for today is 22.94.

The historical rank and industry rank for McMillan Shakespeare's Shiller PE Ratio or its related term are showing as below:

ASX:MMS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.63   Med: 19.73   Max: 43.98
Current: 22.9

During the past 13 years, McMillan Shakespeare's highest Shiller PE Ratio was 43.98. The lowest was 7.63. And the median was 19.73.

ASX:MMS's Shiller PE Ratio is ranked worse than
57.92% of 518 companies
in the Business Services industry
Industry Median: 19.8 vs ASX:MMS: 22.90

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

McMillan Shakespeare's adjusted earnings per share data of for the fiscal year that ended in Jun23 was A$0.446. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is A$0.81 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


McMillan Shakespeare Shiller PE Ratio Historical Data

The historical data trend for McMillan Shakespeare's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

McMillan Shakespeare Shiller PE Ratio Chart

McMillan Shakespeare Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.79 12.19 16.64 11.82 22.26

McMillan Shakespeare Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial 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 - 11.82 - 22.26 -

Competitive Comparison of McMillan Shakespeare's Shiller PE Ratio

For the Staffing & Employment Services subindustry, McMillan Shakespeare's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


McMillan Shakespeare's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, McMillan Shakespeare's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where McMillan Shakespeare's Shiller PE Ratio falls into.



McMillan Shakespeare Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

McMillan Shakespeare's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=18.58/0.81
=22.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

McMillan Shakespeare's E10 for the fiscal year that ended in Jun23 is calculated as:

For example, McMillan Shakespeare's adjusted earnings per share data for the fiscal year that ended in Jun23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.446/124.1700*124.1700
=0.446

Current CPI (Jun23) = 124.1700.

McMillan Shakespeare Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.727 98.352 0.918
201506 0.868 99.838 1.080
201606 0.990 100.859 1.219
201706 0.815 102.809 0.984
201806 0.606 104.945 0.717
201906 0.764 106.617 0.890
202006 0.016 106.246 0.019
202106 0.784 110.332 0.882
202206 0.906 117.112 0.961
202306 0.446 124.170 0.446

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

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


McMillan Shakespeare  (ASX:MMS) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


McMillan Shakespeare Shiller PE Ratio Related Terms

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McMillan Shakespeare (ASX:MMS) Business Description

Traded in Other Exchanges
Address
360 Elizabeth Street, Floor 21, Melbourne, VIC, AUS, 3000
McMillan Shakespeare Ltd is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management, and related financial products and services. It also cross-sells its salary packaging services to private entities via its asset management business in Australia and New Zealand, and it has acquired asset management businesses in the U.K. McMillan's asset management businesses provide motor vehicle leasing and fleet management services. The group has three operating segments: Group Remuneration Services, Asset Management Services, and Plan and Support Services. The prime revenue is generated from Asset Management segment.