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

As of today, Bio-Reference Laboratories Inc's current share price is $33.12. Bio-Reference Laboratories Inc's E10 for the quarter that ended in Jan. 2015 was $1.38. Bio-Reference Laboratories Inc's Shiller P/E Ratio for today is 24.00.

BRLI' s 10-Year Shiller P/E Ratio Range
Min: 15.23   Max: 96.67
Current: 23.9

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 33.58.

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

( Industry Median: 0.00 vs. BRLI: 23.90 )

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. 2015 was $0.244. 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 $1.38 for the trailing six years ended in Jan. 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
=33.12/1.38
=24.00

* 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 Jan. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2015*CPI of Current
=0.24/233.707*237.167
=0.244

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

Current CPI = 237.167.

Bio-Reference Laboratories Inc Quarterly Data

201210201301201304201307201310201401201404201407201410201501
per share eps 0.4620.3100.4100.5300.4000.1100.3700.5500.6560.240
CPI 231.317230.280232.531233.596233.546233.916237.072238.250237.433233.707
Adj_EPS 0.4740.3190.4180.5380.4060.1120.3700.5470.6550.244
201004201007201010201101201104201107201110201201201204201207
per share eps 0.2100.2900.3080.2800.2800.3600.3680.2600.3300.450
CPI 218.009218.011218.711220.223224.906225.922226.421226.665230.085229.104
Adj_EPS 0.2280.3150.3340.3020.2950.3780.3850.2720.3400.466
200904200907200910201001
per share eps 0.1700.2300.2570.140
CPI 213.240215.351216.177216.687
Adj_EPS 0.1890.2530.2820.153

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 45.4142.1145.3329.2432.1835.4825.5228.5427.8522.00

Bio-Reference Laboratories Inc Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
ShillerPE 28.5427.4423.8823.7127.8522.8120.6624.3322.0024.28
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