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CoreCivic (CoreCivic) Shiller PE Ratio : 10.76 (As of Apr. 28, 2024)


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What is CoreCivic Shiller PE Ratio?

As of today (2024-04-28), CoreCivic's current share price is $15.06. CoreCivic's E10 for the quarter that ended in Dec. 2023 was $1.40. CoreCivic's Shiller PE Ratio for today is 10.76.

The historical rank and industry rank for CoreCivic's Shiller PE Ratio or its related term are showing as below:

CXW' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.28   Med: 11.42   Max: 28.84
Current: 10.73

During the past years, CoreCivic's highest Shiller PE Ratio was 28.84. The lowest was 3.28. And the median was 11.42.

CXW's Shiller PE Ratio is ranked better than
78.04% of 510 companies
in the Business Services industry
Industry Median: 19.145 vs CXW: 10.73

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

CoreCivic's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CoreCivic Shiller PE Ratio Historical Data

The historical data trend for CoreCivic's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CoreCivic Shiller PE Ratio Chart

CoreCivic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 3.71 6.04 6.96 10.35

CoreCivic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.96 6.27 6.39 7.82 10.35

Competitive Comparison of CoreCivic's Shiller PE Ratio

For the Security & Protection Services subindustry, CoreCivic's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CoreCivic's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CoreCivic's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CoreCivic's Shiller PE Ratio falls into.



CoreCivic Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

CoreCivic's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=15.06/1.4
=10.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CoreCivic's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, CoreCivic's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.23/129.4194*129.4194
=0.230

Current CPI (Dec. 2023) = 129.4194.

CoreCivic Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.440 99.695 0.571
201406 0.480 100.560 0.618
201409 0.490 100.428 0.631
201412 0.250 99.070 0.327
201503 0.490 99.621 0.637
201506 0.550 100.684 0.707
201509 0.430 100.392 0.554
201512 0.410 99.792 0.532
201603 0.390 100.470 0.502
201606 0.490 101.688 0.624
201609 0.470 101.861 0.597
201612 0.520 101.863 0.661
201703 0.420 102.862 0.528
201706 0.380 103.349 0.476
201709 0.350 104.136 0.435
201712 0.350 104.011 0.435
201803 0.320 105.290 0.393
201806 0.330 106.317 0.402
201809 0.340 106.507 0.413
201812 0.350 105.998 0.427
201903 0.410 107.251 0.495
201906 0.410 108.070 0.491
201909 0.410 108.329 0.490
201912 0.350 108.420 0.418
202003 0.270 108.902 0.321
202006 0.180 108.767 0.214
202009 0.220 109.815 0.259
202012 -0.220 109.897 -0.259
202103 -1.050 111.754 -1.216
202106 0.130 114.631 0.147
202109 0.250 115.734 0.280
202112 0.230 117.630 0.253
202203 0.160 121.301 0.171
202206 0.090 125.017 0.093
202209 0.580 125.227 0.599
202212 0.210 125.222 0.217
202303 0.110 127.348 0.112
202306 0.130 128.729 0.131
202309 0.120 129.860 0.120
202312 0.230 129.419 0.230

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


CoreCivic  (NYSE:CXW) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


CoreCivic Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of CoreCivic's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CoreCivic (CoreCivic) Business Description

Traded in Other Exchanges
Address
5501 Virginia Way, Suite 110, Brentwood, TN, USA, 37027
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Safety segment operates roughly 50 facilities and owns majority of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation.
Executives
Carter, Cole G. officer: SVP, General Counsel, Secretar 10 BURTON HILLS BLVD., NASHVILLE TN 37215
Anthony L Grande officer: Senior VP, Customer Relations CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215
Lucibeth Mayberry officer: SVP, Real Estate 10 BURTON HILLS BLVD, NASHVILLE TN 37215
David Garfinkle officer: Vice President, Finance
Prann John R Jr director
Patrick D. Swindle, officer: EVP, Chief Corrections Officer 10 BURTON HILLS BLVD., NASHVILLE TN 37215
Damon T Hininger officer: Senior VP, Customer Relations CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215
Thurgood Jr Marshall director 3000 K STREET N W, SUITE 300, WASHINGTON DC 20007-5116
Harley G. Lappin officer: Chief Corrections Officer 10 BURTON HILLS BLVD, NASHVILLE TN 37215
Mark A Emkes director 425 WINTER ROAD, DELAWARE OH 43015
David K Churchill officer: Chief Human Resources 10 BURTON HILLS BLVD, NASHVILLE TN 37215
Devin Ignatius Murphy director 104 MAIN STREET, SOUTHPORT CT 06890
Charles L Overby director
Kim White officer: SVP, Human Resources 10 BURTON HILLS BLVD, NASHVILLE TN 37215
C Michael Jacobi director C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762