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Bio-Reference Laboratories Inc (NAS:BRLI)
Shiller P/E Ratio
21.99 (As of Today)

As of today, Bio-Reference Laboratories Inc's current share price is $29.91. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Oct. 2014 was $1.36. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 21.99.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.23   Max: 270
Current: 22.05

15.23
270

During the past 13 years, Bio-Reference Laboratories Inc's highest Shiller P/E Ratio was 270.00. The lowest was 15.23. And the median was 34.95.

BRLI's Shiller P/E Ratiois ranked higher than
96% of the 281 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9999.00 vs. BRLI: 22.05 )

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.

Bio-Reference Laboratories Inc's adjusted earnings per share data for the three months ended in Oct. 2014 was $0.655. 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 $1.36 for the trailing six years ended in Oct. 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.

Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=29.91/1.36
=21.99

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

Bio-Reference Laboratories Inc's E10 for the fiscal year that ended in Oct14 is calculated as:

For example, Bio-Reference Laboratories Inc's adjusted earnings per share data for the three months ended in Oct. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2014*CPI of Current
=0.66/237.433*235.51
=0.655

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

Current CPI = 235.51.

Bio-Reference Laboratories Inc Quarterly Data

201207201210201301201304201307201310201401201404201407201410
per share eps 0.4500.4620.3100.4100.5300.4000.1100.3700.5500.660
CPI 229.104231.317230.280232.531233.596233.546233.916237.072238.250237.433
Adj_EPS 0.4630.4700.3170.4150.5340.4030.1110.3680.5440.655
201001201004201007201010201101201104201107201110201201201204
per share eps 0.1400.2100.2900.3080.2800.2800.3600.3680.2600.330
CPI 216.687218.009218.011218.711220.223224.906225.922226.421226.665230.085
Adj_EPS 0.1520.2270.3130.3320.2990.2930.3750.3830.2700.338
200901200904200907200910
per share eps 0.1300.1700.2300.257
CPI 211.143213.240215.351216.177
Adj_EPS 0.1450.1880.2520.280

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.

Bio-Reference Laboratories Inc Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
ShillerPE 45.3342.0545.2829.1932.1235.7225.4528.4727.8022.15

Bio-Reference Laboratories Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ShillerPE 27.0428.4727.3823.8323.6627.8023.0020.6324.5122.15
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