Switch to:
Boise Inc (NYSE:BZ)
Shiller P/E Ratio
22.02 (As of Today)

As of today, Boise Inc's current share price is \$12.55. Boise Inc's E10 for the quarter that ended in Jun. 2013 was \$0.57. Boise Inc's Shiller P/E Ratio for today is 22.02.

BZ' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 0
Current: 0

BZ's Shiller P/E Ratiois ranked higher than
55% of the 428 Companies
in the Global Paper & Paper Products industry.

( Industry Median: 401.00 vs. BZ: 0.00 )

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.

Boise Inc's adjusted earnings per share data for the three months ended in Jun. 2013 was \$-0.020. 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 \$0.57 for the trailing six years ended in Jun. 2013.

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.

Boise Inc's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 12.55 / 0.57 = 22.02

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Boise Inc's E10 for the fiscal year that ended in Dec12 is calculated as:

For example, Boise Inc's adjusted earnings per share data for the three months ended in Jun. 2013 was:

 Adj_EPS = Earnigns per Share / CPI of Jun. 2013 * CPI of Current = -0.02 / 233.504 * 233.808 = -0.020

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

Current CPI = 233.808.

Boise Inc Quarterly Data

 201103 201106 201109 201112 201203 201206 201209 201212 201303 201306 per share eps 0.21 0.11 0.24 0.152 0.210 0.140 0.040 0.134 -0.010 -0.020 CPI 223.467 225.722 226.889 225.672 229.392 229.478 231.407 229.601 232.773 233.504 Adj_EPS 0.22 0.114 0.247 0.157 0.214 0.143 0.040 0.136 -0.010 -0.020 200809 200812 200903 200906 200909 200912 201003 201006 201009 201012 per share eps 0.06 -0.2 -0.01 0.6 0.570 0.661 -0.160 0.160 0.430 0.311 CPI 218.783 210.228 212.709 215.693 215.969 215.949 217.631 217.965 218.439 219.179 Adj_EPS 0.064 -0.222 -0.011 0.65 0.617 0.716 -0.172 0.172 0.460 0.332 200709 200712 200803 200806 per share eps 0.05 0.045 -0.26 -0.23 CPI 208.49 210.036 213.528 218.815 Adj_EPS 0.056 0.05 -0.285 -0.246

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Boise Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Boise Inc Quarterly Data

 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.03 15.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)