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Bank of Montreal (NYSE:BMO)
Shiller PE Ratio
16.66 (As of Today)

As of today, Bank of Montreal's current share price is \$74.29. Bank of Montreal's E10 for the quarter that ended in Jan. 2017 was \$4.46. Bank of Montreal's Shiller P/E Ratio for today is 16.66.

BMO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.15   Max: 19.75
Current: 17.3

6.15
19.75

During the past 13 years, Bank of Montreal's highest Shiller P/E Ratio was 19.75. The lowest was 6.15. And the median was 13.90.

BMO's Shiller PE Ratio is ranked higher than
65% of the 479 Companies
in the Global Banks - Global industry.

( Industry Median: 20.93 vs. BMO: 17.30 )

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.

Bank of Montreal's adjusted earnings per share data for the three months ended in Jan. 2017 was \$1.684. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is \$4.46 for the trailing ten years ended in Jan. 2017.

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.

Bank of Montreal's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 74.29 / 4.46 = 16.66

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Bank of Montreal's E10 for the fiscal year that ended in Oct16 is calculated as:

For example, Bank of Montreal's adjusted earnings per share data for the three months ended in Jan. 2017 was:

 Adj_EPS = Earnigns per Share / CPI of Jan. 2017 (Change) * Current CPI (Jan. 2017) = 1.68398695289 / 242.839 * 242.839 = 1.684

Current CPI (Jan. 2017) = 242.839.

Bank of Montreal Quarterly Data

 201410 201501 201504 201507 201510 201601 201604 201607 201610 201701 per share eps 1.391 1.204 1.208 1.399 1.392 1.112 1.131 1.425 1.524 1.684 CPI 237.433 233.707 236.599 238.654 237.838 236.916 239.261 240.628 241.729 242.839 Adj_EPS 1.423 1.251 1.24 1.424 1.422 1.14 1.148 1.438 1.531 1.684 201204 201207 201210 201301 201304 201307 201310 201401 201404 201407 per share eps 1.521 1.4 1.56 1.522 1.374 1.596 1.544 1.444 1.456 1.555 CPI 230.085 229.104 231.317 230.28 232.531 233.596 233.546 233.916 237.072 238.25 Adj_EPS 1.605 1.484 1.638 1.605 1.435 1.659 1.605 1.499 1.491 1.585 200910 201001 201004 201007 201010 201101 201104 201107 201110 201201 per share eps 1.052 1.073 1.253 1.084 1.218 1.348 1.378 1.141 1.079 1.609 CPI 216.177 216.687 218.009 218.011 218.711 220.223 224.906 225.922 226.421 226.665 Adj_EPS 1.182 1.203 1.396 1.208 1.353 1.487 1.488 1.226 1.157 1.724 200704 200707 200710 200801 200804 200807 200810 200901 200904 200907 per share eps 1.132 1.222 0.883 0.465 1.233 0.967 0.895 0.318 0.498 0.864 CPI 206.686 208.299 208.936 211.08 214.823 219.964 216.573 211.143 213.24 215.351 Adj_EPS 1.33 1.424 1.026 0.535 1.394 1.068 1.003 0.366 0.567 0.974

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Bank of Montreal Annual Data

 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 ShillerPE 15.98 10.35 12.04 14.15 12.91 12.00 14.11 15.33 14.03 15.08

Bank of Montreal Quarterly Data

 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 ShillerPE 15.33 13.80 14.75 13.41 14.03 13.83 14.89 15.04 15.08 16.97
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