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Fidelity China Special Situations (LSE:FCSS) Shiller PE Ratio : 8.56 (As of Jun. 05, 2024)


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What is Fidelity China Special Situations Shiller PE Ratio?

As of today (2024-06-05), Fidelity China Special Situations's current share price is £2.225. Fidelity China Special Situations's E10 for the fiscal year that ended in Mar23 was £0.26. Fidelity China Special Situations's Shiller PE Ratio for today is 8.56.

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

LSE:FCSS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.01   Med: 9.6   Max: 30.69
Current: 8.65

During the past 13 years, Fidelity China Special Situations's highest Shiller PE Ratio was 30.69. The lowest was 7.01. And the median was 9.60.

LSE:FCSS's Shiller PE Ratio is ranked better than
77.59% of 754 companies
in the Asset Management industry
Industry Median: 12.87 vs LSE:FCSS: 8.65

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.

Fidelity China Special Situations's adjusted earnings per share data of for the fiscal year that ended in Mar23 was £0.046. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is £0.26 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fidelity China Special Situations Shiller PE Ratio Historical Data

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Shiller PE Ratio Chart

Fidelity China Special Situations Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.43 12.03 10.20 9.64

Fidelity China Special Situations Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 10.20 - 9.64 -

Competitive Comparison of Fidelity China Special Situations's Shiller PE Ratio

For the Asset Management subindustry, Fidelity China Special Situations'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.


Fidelity China Special Situations's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidelity China Special Situations's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fidelity China Special Situations's Shiller PE Ratio falls into.



Fidelity China Special Situations 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.

Fidelity China Special Situations's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=2.225/0.26
=8.56

* 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.

Fidelity China Special Situations's E10 for the fiscal year that ended in Mar23 is calculated as:

For example, Fidelity China Special Situations's adjusted earnings per share data for the fiscal year that ended in Mar23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.046/126.8000*126.8000
=0.046

Current CPI (Mar23) = 126.8000.

Fidelity China Special Situations Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.176 99.300 0.225
201503 0.516 99.600 0.657
201603 -0.002 100.400 -0.003
201703 0.629 102.700 0.777
201803 0.497 105.100 0.600
201903 -0.142 107.000 -0.168
202003 -0.152 108.600 -0.177
202103 1.908 109.700 2.205
202203 -1.464 116.500 -1.593
202303 0.046 126.800 0.046

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.


Fidelity China Special Situations  (LSE:FCSS) 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.


Fidelity China Special Situations Shiller PE Ratio Related Terms

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Fidelity China Special Situations (LSE:FCSS) Business Description

Traded in Other Exchanges
Address
Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.

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