KMB - Printable Version +- Dividend Growth Forum (http://DividendGrowthForum.com) +-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15) +--- Forum: Individual Dividend Growth Stocks (http://DividendGrowthForum.com/forumdisplay.php?fid=35) +--- Thread: KMB (/showthread.php?tid=1466)

KMB - Rasec - 01-25-2016 Has anyone been following KMB for long enough that can help me understand what happened in Q3 2015? The P/E is ridiculously high but the stock price kept going up from that moment on. P/E Price It raised my attention because it's an aristocrat and it was down roughly 3% this morning. RE: KMB - EricL - 01-25-2016 The second quarter saw a $1.322 billion charge due to pension settlements that resulted in a net income of -$0.83 for the quarter. Adjusted earnings were $1.41, which is why you saw the spike in PE calculated with reported earnings. This compares with a 21.4 PE based on adjusted earnings of $5.76. In short, what you are seeing is the difference between GAAP and non-GAAP earnings being used to calculate the PE. RE: KMB - Rasec - 01-25-2016 Thanks Eric. Great explanation.