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

As of today, Bio-Reference Laboratories Inc's current share price is $27.20. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Jan. 2014 was $1.18. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 22.80.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.23   Max: 270
Current: 22.8

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 36.58.

BRLI's Shiller P/E Ratiois ranked higher than
81% of the 52 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 34.50 vs. BRLI: 22.80 )

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 Jan. 2014 was $0.111. 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 $1.18 for the trailing six years ended in Jan. 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
=27.20/1.18
=23.05

* 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 Jan. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2014*CPI of Current
=0.11/233.916*236.511
=0.111

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

Current CPI = 236.511.

Bio-Reference Laboratories Inc Quarterly Data

201110201201201204201207201210201301201304201307201310201401
per share eps 0.3680.2600.3300.4500.4620.3100.4100.5300.4000.110
CPI 226.421226.665230.085229.104231.317230.280232.531233.596233.546233.916
Adj_EPS 0.3840.2710.3390.4650.4720.3180.4170.5370.4050.111
200904200907200910201001201004201007201010201101201104201107
per share eps 0.1700.2300.2570.1400.2100.2900.3080.2800.2800.360
CPI 213.240215.351216.177216.687218.009218.011218.711220.223224.906225.922
Adj_EPS 0.1890.2530.2810.1530.2280.3150.3330.3010.2940.377
200804200807200810200901
per share eps 0.1250.1700.1880.130
CPI 214.823219.964216.573211.143
Adj_EPS 0.1380.1830.2050.146

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 79.3945.4541.8745.0929.0732.0035.6325.3928.4027.72

Bio-Reference Laboratories Inc Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ShillerPE 25.3923.4824.5626.9728.4027.5823.9923.6027.7222.71
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