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BofI Holding Inc (NAS:BOFI)
Shiller P/E Ratio
31.96 (As of Today)

As of today, BofI Holding Inc's current share price is $77.33. BofI Holding Inc's E10 for the quarter that ended in Jun. 2014 was $2.42. BofI Holding Inc's Shiller P/E Ratio for today is 31.96.

BOFI' s 10-Year Shiller P/E Ratio Range
Min: 11.35   Max: 46.91
Current: 31.96

11.35
46.91

During the past 13 years, BofI Holding Inc's highest Shiller P/E Ratio was 46.91. The lowest was 11.35. And the median was 17.63.

BOFI's Shiller P/E Ratiois ranked higher than
57% of the 1093 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 16.35 vs. BOFI: 31.96 )

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.

BofI Holding Inc's adjusted earnings per share data for the three months ended in Jun. 2014 was $1.085. 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 $2.42 for the trailing six years ended in Jun. 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.

BofI Holding Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=77.33/2.42
=31.95

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

BofI Holding Inc's E10 for the fiscal year that ended in Jun14 is calculated as:

For example, BofI Holding Inc's adjusted earnings per share data for the three months ended in Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=1.086/238.343*238.064
=1.085

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

Current CPI = 238.064.

BofI Holding Inc Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 0.5800.6280.6700.7000.7400.7760.8500.9101.0001.086
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.6020.6510.6890.7260.7570.7910.8640.9301.0071.085
200909200912201003201006201009201012201103201106201109201112
per share eps 0.4100.6100.7700.4390.4500.4500.4800.4450.5800.540
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.4520.6720.8420.4790.4900.4890.5110.4690.6090.570
200809200812200903200906
per share eps -0.2400.3000.2900.389
CPI 218.783210.228212.709215.693
Adj_EPS -0.2610.3400.3250.429

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.

BofI Holding Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
ShillerPE 0.000.000.000.000.0017.7613.8014.3425.1731.01

BofI Holding Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 13.2414.3417.5117.6820.9825.1733.2837.6038.0631.01
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