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

As of today, Bio-Reference Laboratories Inc's current share price is $32.60. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Apr. 2014 was $1.24. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 26.60.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.42   Max: 270
Current: 26.6

15.42
270

During the past 13 years, Bio-Reference Laboratories Inc's highest Shiller P/E Ratio was 270.00. The lowest was 15.42. And the median was 35.54.

BRLI's Shiller P/E Ratiois ranked higher than
88% of the 197 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9999.00 vs. BRLI: 26.60 )

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 Apr. 2014 was $0.373. 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 $1.24 for the trailing six years ended in Apr. 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
=32.60/1.24
=26.29

* 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 Oct13 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Apr. 2014*CPI of Current
=0.37/237.072*239.229
=0.373

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

Current CPI = 239.229.

Bio-Reference Laboratories Inc Quarterly Data

201201201204201207201210201301201304201307201310201401201404
per share eps 0.2600.3300.4500.4620.3100.4100.5300.4000.1100.370
CPI 226.665230.085229.104231.317230.280232.531233.596233.546233.916237.072
Adj_EPS 0.2740.3430.4700.4780.3220.4220.5430.4100.1120.373
200907200910201001201004201007201010201101201104201107201110
per share eps 0.2300.2570.1400.2100.2900.3080.2800.2800.3600.368
CPI 215.351216.177216.687218.009218.011218.711220.223224.906225.922226.421
Adj_EPS 0.2560.2840.1550.2300.3180.3370.3040.2980.3810.389
200807200810200901200904
per share eps 0.1700.1880.1300.170
CPI 219.964216.573211.143213.240
Adj_EPS 0.1850.2080.1470.191

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

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
ShillerPE 79.4545.4242.1145.3529.0132.2135.5125.5428.3227.67

Bio-Reference Laboratories Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
ShillerPE 23.6124.4726.8828.3227.5023.9323.5427.6722.8920.53
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