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GE Aerospace (XPAR:GNE) Shiller PE Ratio

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Shiller PE for Stocks: The True Measure of Stock Valuation


GE Aerospace Shiller PE Ratio Historical Data

The historical data trend for GE Aerospace'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.

GE Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.94 25.00 129.92 - -

GE Aerospace 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 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Aerospace & Defense subindustry, GE Aerospace'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.


GE Aerospace Shiller PE Ratio Distribution

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

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



GE Aerospace 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.

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

For example, GE Aerospace'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)
=1.33/129.4194*129.4194
=1.330

Current CPI (Dec. 2023) = 129.4194.

GE Aerospace Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 1.735 99.695 2.252
201406 2.061 100.560 2.652
201409 2.173 100.428 2.800
201412 3.309 99.070 4.323
201503 -9.979 99.621 -12.964
201506 -0.927 100.684 -1.192
201509 1.782 100.392 2.297
201512 4.700 99.792 6.095
201603 -0.072 100.470 -0.093
201606 2.136 101.688 2.719
201609 1.568 101.861 1.992
201612 2.958 101.863 3.758
201703 -0.075 102.862 -0.094
201706 0.712 103.349 0.892
201709 1.007 104.136 1.251
201712 -7.639 104.011 -9.505
201803 -0.908 105.290 -1.116
201806 0.479 106.317 0.583
201809 -17.963 106.507 -21.827
201812 0.492 105.998 0.601
201903 2.832 107.251 3.417
201906 -0.071 108.070 -0.085
201909 -7.845 108.329 -9.372
201912 0.432 108.420 0.516
202003 5.068 108.902 6.023
202006 -1.847 108.767 -2.198
202009 -0.925 109.815 -1.090
202012 1.776 109.897 2.091
202103 -2.201 111.754 -2.549
202106 -0.896 114.631 -1.012
202109 0.918 115.734 1.027
202112 -3.142 117.630 -3.457
202203 -0.981 121.301 -1.047
202206 -0.814 125.017 -0.843
202209 0.081 125.227 0.084
202212 1.473 125.222 1.522
202303 6.267 127.348 6.369
202306 -0.018 128.729 -0.018
202309 0.216 129.860 0.215
202312 1.330 129.419 1.330

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.


GE Aerospace  (XPAR:GNE) 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.


GE Aerospace Shiller PE Ratio Related Terms

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GE Aerospace (XPAR:GNE) Business Description

Address
5 Necco Street, Boston, MA, USA, 02210
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.