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Big Lots Inc (NYSE:BIG)
Shiller P/E Ratio
17.62 (As of Today)

As of today, Big Lots Inc's current share price is $47.57. Big Lots Inc's E10 for the quarter that ended in Jan. 2015 was $2.70. Big Lots Inc's Shiller P/E Ratio for today is 17.62.

BIG' s 10-Year Shiller P/E Ratio Range
Min: 9.89   Max: 75.86
Current: 17.7

9.89
75.86

During the past 13 years, Big Lots Inc's highest Shiller P/E Ratio was 75.86. The lowest was 9.89. And the median was 19.36.

BIG's Shiller P/E Ratiois ranked higher than
92% of the 676 Companies
in the Global Discount Stores industry.

( Industry Median: 0.00 vs. BIG: 17.70 )

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.

Big Lots Inc's adjusted earnings per share data for the three months ended in Jan. 2015 was $1.786. 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 $2.70 for the trailing six years ended in Jan. 2015.


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.

Big Lots Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=47.57/2.70
=17.62

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

Big Lots Inc's E10 for the fiscal year that ended in Jan15 is calculated as:

For example, Big Lots Inc's adjusted earnings per share data for the three months ended in Jan. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2015*CPI of Current
=1.763/233.707*236.818
=1.786

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

Current CPI = 236.818.

Big Lots Inc Quarterly Data

201210201301201304201307201310201401201404201407201410201501
per share eps -0.1002.0930.5600.310-0.1701.4540.0600.360-0.0601.763
CPI 231.317230.280232.531233.596233.546233.916237.072238.250237.433233.707
Adj_EPS -0.1022.1520.5700.314-0.1721.4720.0600.358-0.0601.786
201004201007201010201101201104201107201110201201201204201207
per share eps 0.6800.4800.2301.4570.7000.5000.0601.7550.6300.360
CPI 218.009218.011218.711220.223224.906225.922226.421226.665230.085229.104
Adj_EPS 0.7390.5210.2491.5670.7370.5240.0631.8340.6480.372
200904200907200910201001
per share eps 0.4400.3400.3701.266
CPI 213.240215.351216.177216.687
Adj_EPS 0.4890.3740.4051.384

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.

Big Lots Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
ShillerPE -31.2359.0023.2314.4323.2118.9017.5512.4610.0917.02

Big Lots Inc Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
ShillerPE 12.0912.4613.7513.5813.9510.0914.9516.5417.5117.02
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