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

As of today, Bio-Reference Laboratories Inc's current share price is $34.61. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Apr. 2015 was $1.07. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 32.35.

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. 2015 was $0.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.07 for the trailing ten years ended in Apr. 2015.


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
=34.61/1.07
=32.35

* 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 Apr. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Apr. 2015 (Change)*Current CPI (Apr. 2015)
=0.38/236.599*236.599
=0.380

Current CPI (Apr. 2015) = 236.599.

Bio-Reference Laboratories Inc Quarterly Data

201301201304201307201310201401201404201407201410201501201504
per share eps 0.3100.4100.5300.4000.1100.3700.5500.6560.2400.380
CPI 230.280232.531233.596233.546233.916237.072238.250237.433233.707236.599
Adj_EPS 0.3190.4170.5370.4050.1110.3690.5460.6540.2430.380
201007201010201101201104201107201110201201201204201207201210
per share eps 0.2900.3080.2800.2800.3600.3680.2600.3300.4500.462
CPI 218.011218.711220.223224.906225.922226.421226.665230.085229.104231.317
Adj_EPS 0.3150.3330.3010.2950.3770.3850.2710.3390.4650.473
200801200804200807200810200901200904200907200910201001201004
per share eps 0.0800.1250.1700.1880.1300.1700.2300.2570.1400.210
CPI 211.080214.823219.964216.573211.143213.240215.351216.177216.687218.009
Adj_EPS 0.0900.1380.1830.2050.1460.1890.2530.2810.1530.228
200507200510200601200604200607200610200701200704200707200710
per share eps 0.0950.1050.0450.1000.1350.1380.0700.1150.1500.168
CPI 195.400199.200198.300201.500203.500201.800202.416206.686208.299208.936
Adj_EPS 0.1150.1250.0540.1170.1570.1620.0820.1320.1700.190

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

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 78.4377.1085.3949.8444.0145.8933.4437.3736.6829.46

Bio-Reference Laboratories Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ShillerPE 36.3231.6831.3136.6830.2127.4132.0429.4632.5730.93
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