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TIM (BSP:TIMS3) Shiller PE Ratio : 15.62 (As of Apr. 28, 2024)


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What is TIM Shiller PE Ratio?

As of today (2024-04-28), TIM's current share price is R$17.49. TIM's E10 for the quarter that ended in Sep. 2023 was R$1.12. TIM's Shiller PE Ratio for today is 15.62.

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

BSP:TIMS3' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.28   Med: 13.29   Max: 145.71
Current: 15.61

During the past years, TIM's highest Shiller PE Ratio was 145.71. The lowest was 10.28. And the median was 13.29.

BSP:TIMS3's Shiller PE Ratio is ranked worse than
54.25% of 212 companies
in the Telecommunication Services industry
Industry Median: 14.755 vs BSP:TIMS3: 15.61

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.

TIM's adjusted earnings per share data for the three months ended in Sep. 2023 was R$0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$1.12 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM Shiller PE Ratio Historical Data

The historical data trend for TIM'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.

TIM Shiller PE Ratio Chart

TIM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.49 15.10 12.14 11.43 -

TIM Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 11.43 11.42 13.20 13.29 -

Competitive Comparison of TIM's Shiller PE Ratio

For the Telecom Services subindustry, TIM'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.


TIM's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TIM's Shiller PE Ratio distribution charts can be found below:

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



TIM 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.

TIM's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=17.49/1.12
=15.62

* 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.

TIM's E10 for the quarter that ended in Sep. 2023 is calculated as:

For example, TIM's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.3/155.4635*155.4635
=0.300

Current CPI (Sep. 2023) = 155.4635.

TIM Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201312 0.206 88.522 0.362
201403 0.154 90.447 0.265
201406 0.151 91.838 0.256
201409 0.144 92.602 0.242
201412 0.191 94.194 0.315
201503 0.131 97.799 0.208
201506 0.390 100.006 0.606
201509 0.148 101.392 0.227
201512 0.191 104.247 0.285
201603 0.053 106.979 0.077
201606 0.031 108.851 0.044
201609 0.076 109.986 0.107
201612 0.150 110.802 0.210
201703 0.050 111.869 0.069
201706 0.090 112.115 0.125
201709 0.120 112.777 0.165
201712 0.250 114.068 0.341
201803 0.100 114.868 0.135
201806 0.140 117.038 0.186
201809 0.551 117.881 0.727
201812 0.261 118.340 0.343
201903 0.050 120.124 0.065
201906 0.840 120.977 1.079
201909 0.232 121.292 0.297
201912 0.379 123.436 0.477
202003 0.070 124.092 0.088
202006 0.110 123.557 0.138
202009 0.360 125.095 0.447
202012 0.418 129.012 0.504
202103 0.114 131.660 0.135
202106 0.280 133.871 0.325
202109 0.410 137.913 0.462
202112 0.419 141.992 0.459
202203 0.167 146.537 0.177
202206 0.120 149.784 0.125
202209 0.160 147.800 0.168
202212 0.222 150.207 0.230
202303 0.170 153.352 0.172
202306 0.260 154.519 0.262
202309 0.300 155.464 0.300

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.


TIM  (BSP:TIMS3) 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.


TIM Shiller PE Ratio Related Terms

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TIM (BSP:TIMS3) Business Description

Traded in Other Exchanges
Address
Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.

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