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BB&T Corp (NYSE:BBT)
Shiller P/E Ratio
18.30 (As of Today)

As of today, BB&T Corp's current share price is $37.33. BB&T Corp's E10 for the quarter that ended in Mar. 2014 was $2.05. BB&T Corp's Shiller P/E Ratio for today is 18.30.

BBT' s 10-Year Shiller P/E Ratio Range
Min: 4.75   Max: 19.6
Current: 18.3

4.75
19.6

During the past 13 years, BB&T Corp's highest Shiller P/E Ratio was 19.60. The lowest was 4.75. And the median was 14.04.

BBT's Shiller P/E Ratiois ranked higher than
85% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 140.07 vs. BBT: 18.30 )

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.

BB&T Corp's adjusted earnings per share data for the three months ended in Mar. 2014 was $0.700. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $2.05 for the trailing six years ended in Mar. 2014.


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.

BB&T Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=37.33/2.05
=18.21

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

BB&T Corp's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, BB&T Corp's adjusted earnings per share data for the three months ended in Mar. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2014*CPI of Current
=0.69/236.293*239.556
=0.700

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 239.556.

BB&T Corp Quarterly Data

201112201203201206201209201212201303201306201309201312201403
per share eps 0.5540.6100.7200.6600.7120.2900.7700.3700.7480.690
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 0.5880.6370.7520.6830.7430.2980.7900.3790.7690.700
200906200909200912201003201006201009201012201103201106201109
per share eps 0.2000.2300.2660.2700.3000.3000.2960.3200.4400.520
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.2220.2550.2950.2970.3300.3290.3240.3430.4670.549
200806200809200812200903
per share eps 0.7800.6500.5100.480
CPI 218.815218.783210.228212.709
Adj_EPS 0.8540.7120.5810.541

Add all the adjusted EPS together and divide 6 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.

BB&T Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 18.2416.4815.8310.219.429.1310.5911.0312.9818.30

BB&T Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ShillerPE 11.0313.7913.7314.9912.9814.4915.8316.2818.3019.59
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