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San Miguel (PHS:SMC) Shiller PE Ratio : 25.11 (As of May. 11, 2024)


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What is San Miguel Shiller PE Ratio?

As of today (2024-05-11), San Miguel's current share price is ₱104.70. San Miguel's E10 for the quarter that ended in Dec. 2023 was ₱4.17. San Miguel's Shiller PE Ratio for today is 25.11.

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

PHS:SMC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.02   Med: 15.11   Max: 29.02
Current: 24.96

During the past years, San Miguel's highest Shiller PE Ratio was 29.02. The lowest was 8.02. And the median was 15.11.

PHS:SMC's Shiller PE Ratio is ranked worse than
69.5% of 341 companies
in the Conglomerates industry
Industry Median: 16.17 vs PHS:SMC: 24.96

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.

San Miguel's adjusted earnings per share data for the three months ended in Dec. 2023 was ₱-0.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₱4.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


San Miguel Shiller PE Ratio Historical Data

The historical data trend for San Miguel'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.

San Miguel Shiller PE Ratio Chart

San Miguel 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 19.86 16.95 14.86 15.13 24.50

San Miguel 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 15.13 16.69 16.42 17.94 24.50

Competitive Comparison of San Miguel's Shiller PE Ratio

For the Conglomerates subindustry, San Miguel'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.


San Miguel's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, San Miguel's Shiller PE Ratio distribution charts can be found below:

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



San Miguel 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.

San Miguel's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=104.70/4.17
=25.11

* 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.

San Miguel's E10 for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.8/129.4194*129.4194
=-0.800

Current CPI (Dec. 2023) = 129.4194.

San Miguel Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.260 99.695 0.338
201406 3.490 100.560 4.492
201409 -0.160 100.428 -0.206
201412 0.190 99.070 0.248
201503 0.360 99.621 0.468
201506 2.668 100.684 3.429
201509 -1.022 100.392 -1.318
201512 2.010 99.792 2.607
201603 2.580 100.470 3.323
201606 7.153 101.688 9.104
201609 0.583 101.861 0.741
201612 0.640 101.863 0.813
201703 1.850 102.862 2.328
201706 2.827 103.349 3.540
201709 2.560 104.136 3.182
201712 2.310 104.011 2.874
201803 2.310 105.290 2.839
201806 1.520 106.317 1.850
201809 2.200 106.507 2.673
201812 0.580 105.998 0.708
201903 1.630 107.251 1.967
201906 2.390 108.070 2.862
201909 2.170 108.329 2.592
201912 -0.260 108.420 -0.310
202003 -1.250 108.902 -1.486
202006 -3.250 108.767 -3.867
202009 2.240 109.815 2.640
202012 1.000 109.897 1.178
202103 2.980 111.754 3.451
202106 0.700 114.631 0.790
202109 -1.350 115.734 -1.510
202112 0.150 117.630 0.165
202203 1.990 121.301 2.123
202206 -3.890 125.017 -4.027
202209 -6.460 125.227 -6.676
202212 0.210 125.222 0.217
202303 3.130 127.348 3.181
202306 -3.970 128.729 -3.991
202309 -0.870 129.860 -0.867
202312 -0.800 129.419 -0.800

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.


San Miguel  (PHS:SMC) 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.


San Miguel Shiller PE Ratio Related Terms

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


San Miguel (PHS:SMC) Business Description

Address
No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550
San Miguel Corp is a holding company based in the Philippines. The company's operating segments include food and beverage; packaging; energy; fuel and oil; and infrastructure. The company generates a majority of its revenue from the fuel and oil segments. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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