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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Shiller P/E Ratio
13.84 (As of Today)

As of today, Australia and New Zealand Banking Group Ltd's current share price is $20.90. Australia and New Zealand Banking Group Ltd's E10 for the quarter that ended in Sep. 2015 was $1.51. Australia and New Zealand Banking Group Ltd's Shiller P/E Ratio for today is 13.84.

ANZBY' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 7.14   Max: 22.45
Current: 12.85

7.14
22.45

During the past 13 years, Australia and New Zealand Banking Group Ltd's highest Shiller P/E Ratio was 22.45. The lowest was 7.14. And the median was 13.58.

ANZBY's Shiller P/E Ratio is ranked higher than
77% of the 494 Companies
in the Global Banks - Global industry.

( Industry Median: 17.76 vs. ANZBY: 12.85 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Australia and New Zealand Banking Group Ltd's adjusted earnings per share data of for the fiscal year that ended in Sep15 was $1.815. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.51 for the trailing ten years ended in Sep15.


Definition

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Australia and New Zealand Banking Group Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=20.90/1.51
=13.84

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Australia and New Zealand Banking Group Ltd's E10 for the quarter that ended in Sep. 2015 is calculated as:

For example, Australia and New Zealand Banking Group Ltd's adjusted earnings per share data for the fiscal year that ended in Sep15 was:

Adj_EPS=Earnigns per Share/CPI of Sep15 (Change)*Current CPI (Sep15)
=1.81510232886/237.945*237.945
=1.815

Current CPI (Sep15) = 237.945.

Australia and New Zealand Banking Group Ltd Annual Data

200609200709200809200909201009201109201209201309201409201509
per share eps 1.4641.8471.3251.1171.6412.0332.1392.0872.3241.815
CPI 202.900208.490218.783215.969218.439226.889231.407234.149238.031237.945
Adj_EPS 1.7172.1081.4411.2311.7882.1322.2002.1212.3231.815

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Australia and New Zealand Banking Group Ltd Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ShillerPE 19.3519.1111.0914.4513.5710.4912.9215.6114.8712.61

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ShillerPE 19.3519.1111.0914.4513.5710.4912.9215.6114.8712.61
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