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Heico (FRA:HC1) Shiller PE Ratio : 73.97 (As of May. 04, 2024)


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What is Heico Shiller PE Ratio?

As of today (2024-05-04), Heico's current share price is €194.55. Heico's E10 for the quarter that ended in Jan. 2024 was €2.63. Heico's Shiller PE Ratio for today is 73.97.

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

FRA:HC1' s Shiller PE Ratio Range Over the Past 10 Years
Min: 34   Med: 62.56   Max: 100.31
Current: 75.67

During the past years, Heico's highest Shiller PE Ratio was 100.31. The lowest was 34.00. And the median was 62.56.

FRA:HC1's Shiller PE Ratio is ranked worse than
78.83% of 137 companies
in the Aerospace & Defense industry
Industry Median: 39.88 vs FRA:HC1: 75.67

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.

Heico's adjusted earnings per share data for the three months ended in Jan. 2024 was €0.753. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €2.63 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heico Shiller PE Ratio Historical Data

The historical data trend for Heico'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.

Heico Shiller PE Ratio Chart

Heico Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.98 67.49 77.21 65.96 58.21

Heico Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 67.37 65.01 66.02 58.21 63.39

Competitive Comparison of Heico's Shiller PE Ratio

For the Aerospace & Defense subindustry, Heico'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.


Heico's Shiller PE Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Heico's Shiller PE Ratio distribution charts can be found below:

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



Heico 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.

Heico's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=194.55/2.63
=73.97

* 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.

Heico's E10 for the quarter that ended in Jan. 2024 is calculated as:

For example, Heico's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.753/129.4194*129.4194
=0.753

Current CPI (Jan. 2024) = 129.4194.

Heico Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201404 0.156 100.023 0.202
201407 0.185 100.520 0.238
201410 0.194 100.176 0.251
201501 0.181 98.604 0.238
201504 0.232 99.824 0.301
201507 0.237 100.691 0.305
201510 0.255 100.346 0.329
201601 0.217 99.957 0.281
201604 0.254 100.947 0.326
201607 0.284 101.524 0.362
201610 0.302 101.988 0.383
201701 0.286 102.456 0.361
201704 0.313 103.167 0.393
201707 0.295 103.278 0.370
201710 0.338 104.070 0.420
201801 0.394 104.578 0.488
201804 0.359 105.708 0.440
201807 0.419 106.324 0.510
201810 0.435 106.695 0.528
201901 0.508 106.200 0.619
201904 0.534 107.818 0.641
201907 0.526 108.250 0.629
201910 0.560 108.577 0.667
202001 0.802 108.841 0.954
202004 0.506 108.173 0.605
202007 0.348 109.318 0.412
202010 0.383 109.861 0.451
202101 0.419 110.364 0.491
202104 0.426 112.673 0.489
202107 0.474 115.183 0.533
202110 0.534 116.696 0.592
202201 0.557 118.619 0.608
202204 0.574 121.978 0.609
202207 0.590 125.002 0.611
202210 0.710 125.734 0.731
202301 0.622 126.223 0.638
202304 0.693 127.992 0.701
202307 0.669 128.974 0.671
202310 0.701 129.810 0.699
202401 0.753 129.419 0.753

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.


Heico  (FRA:HC1) 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.


Heico Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Heico's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Heico (FRA:HC1) Business Description

Traded in Other Exchanges
Address
3000 Taft Street, Hollywood, FL, USA, 33021
Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

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