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

As of today, Bio-Reference Laboratories Inc's current share price is $44.37. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Apr. 2015 was $1.42. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 31.25.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.23   Max: 96.67
Current: 30.98

15.23
96.67

During the past 13 years, Bio-Reference Laboratories Inc's highest Shiller P/E Ratio was 96.67. The lowest was 15.23. And the median was 33.45.

BRLI's Shiller P/E Ratiois ranked lower than
55% of the 53 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 27.91 vs. BRLI: 30.98 )

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 $0.383. 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 $1.42 for the trailing six 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
=44.37/1.42
=31.25

* 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*CPI of Current
=0.38/236.599*238.709
=0.383

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

Current CPI = 238.709.

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 0.3210.4210.5420.4090.1120.3730.5510.6600.2450.383
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 0.3180.3360.3040.2970.3800.3880.2740.3420.4690.477
200907200910201001201004
per share eps 0.2300.2570.1400.210
CPI 215.351216.177216.687218.009
Adj_EPS 0.2550.2840.1540.230

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 45.4341.8645.0929.0932.0135.6425.4028.4227.7322.12

Bio-Reference Laboratories Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ShillerPE 27.5924.0023.6127.7322.9420.7824.2322.1224.1723.35
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