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Black Hills Corp (NYSE:BKH)
Shiller P/E Ratio
27.71 (As of Today)

As of today, Black Hills Corp's current share price is $59.02. Black Hills Corp's E10 for the quarter that ended in Jun. 2016 was $2.13. Black Hills Corp's Shiller P/E Ratio for today is 27.71.

BKH' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 5.7   Max: 30.08
Current: 27.68

5.7
30.08

During the past 13 years, Black Hills Corp's highest Shiller P/E Ratio was 30.08. The lowest was 5.70. And the median was 15.18.

BKH's Shiller P/E Ratio is ranked lower than
63% of the 203 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 23.86 vs. BKH: 27.68 )

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.

Black Hills Corp's adjusted earnings per share data for the three months ended in Jun. 2016 was $0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.13 for the trailing ten years ended in Jun. 2016.


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.

Black Hills Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=59.02/2.13
=27.71

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

Black Hills Corp's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Black Hills Corp's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=0.01/241.038*241.038
=0.010

Current CPI (Jun. 2016) = 241.038.

Black Hills Corp Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 1.0900.4600.6100.7700.760-0.940-0.220-0.3100.7700.010
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 1.1120.4650.6180.7900.776-0.949-0.223-0.3160.7790.010
201109201112201203201206201209201212201303201306201309201312
per share eps -0.2700.6300.680-0.3100.7801.1700.9700.6900.5200.460
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS -0.2870.6730.715-0.3260.8121.2281.0040.7120.5350.476
200903200906200909200912201003201006201009201012201103201106
per share eps 0.6800.640-0.0600.8500.810-0.2200.3200.8600.6800.190
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.7710.715-0.0670.9490.897-0.2430.3530.9460.7330.203
200609200612200703200706200709200712200803200806200809200812
per share eps 0.6600.6200.9100.6600.4600.6200.4400.5804.290-2.590
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.7840.7411.0680.7640.5320.7120.4970.6394.726-2.970

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.

Black Hills Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 15.4217.1210.329.9711.6414.3816.6323.4222.7021.61

Black Hills Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 24.6926.0120.3222.7021.4219.5918.0221.6527.9629.58
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