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

As of today, BB&T Corp's current share price is $38.49. BB&T Corp's E10 for the quarter that ended in Dec. 2014 was $2.01. BB&T Corp's Shiller P/E Ratio for today is 19.15.

BBT' s 10-Year Shiller P/E Ratio Range
Min: 4.73   Max: 19.79
Current: 19.1

4.73
19.79

During the past 13 years, BB&T Corp's highest Shiller P/E Ratio was 19.79. The lowest was 4.73. And the median was 14.07.

BBT's Shiller P/E Ratiois ranked higher than
82% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. BBT: 19.10 )

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 Dec. 2014 was $0.759. 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 $2.01 for the trailing six years ended in Dec. 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
=38.49/2.01
=19.15

* 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 Dec14 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Dec. 2014*CPI of Current
=0.762/234.812*233.808
=0.759

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 233.808.

BB&T Corp Quarterly Data

201209201212201303201306201309201312201403201406201409201412
per share eps 0.6600.7120.2900.7700.3700.7480.6900.5800.7100.762
CPI 231.407229.601232.773233.504234.149233.049236.293238.343238.031234.812
Adj_EPS 0.6670.7250.2910.7710.3690.7500.6830.5690.6970.759
201003201006201009201012201103201106201109201112201203201206
per share eps 0.2700.3000.3000.2960.3200.4400.5200.5540.6100.720
CPI 217.631217.965218.439219.179223.467225.722226.889225.672229.392229.478
Adj_EPS 0.2900.3220.3210.3160.3350.4560.5360.5740.6220.734
200903200906200909200912
per share eps 0.4800.2000.2300.266
CPI 212.709215.693215.969215.949
Adj_EPS 0.5280.2170.2490.288

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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 16.4715.8210.199.399.1010.6511.0813.0318.1819.33

BB&T Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ShillerPE 14.9113.0314.4015.7316.3418.1819.6619.5318.4319.33
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