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

As of today, Bio-Reference Laboratories Inc's current share price is $28.20. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Jul. 2014 was $1.30. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 21.80.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.23   Max: 270
Current: 21.8

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 35.01.

BRLI's Shiller P/E Ratiois ranked higher than
95% of the 277 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9999.00 vs. BRLI: 21.80 )

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 Jul. 2014 was $0.550. 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 $1.30 for the trailing six years ended in Jul. 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
=28.20/1.30
=21.69

* 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 Jul. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jul. 2014*CPI of Current
=0.55/238.25*238.389
=0.550

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

Current CPI = 238.389.

Bio-Reference Laboratories Inc Quarterly Data

201204201207201210201301201304201307201310201401201404201407
per share eps 0.3300.4500.4620.3100.4100.5300.4000.1100.3700.550
CPI 230.085229.104231.317230.280232.531233.596233.546233.916237.072238.250
Adj_EPS 0.3420.4680.4760.3210.4200.5410.4080.1120.3720.550
200910201001201004201007201010201101201104201107201110201201
per share eps 0.2570.1400.2100.2900.3080.2800.2800.3600.3680.260
CPI 216.177216.687218.009218.011218.711220.223224.906225.922226.421226.665
Adj_EPS 0.2830.1540.2300.3170.3360.3030.2970.3800.3870.273
200810200901200904200907
per share eps 0.1880.1300.1700.230
CPI 216.573211.143213.240215.351
Adj_EPS 0.2070.1470.1900.255

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 79.3045.4641.8845.1329.1232.0435.6725.4228.4327.74

Bio-Reference Laboratories Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
ShillerPE 24.5926.9928.4327.6024.0123.6127.7422.9520.7824.65
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