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Dun & Bradstreet Corp (NYSE:DNB)
Shiller P/E Ratio
18.71 (As of Today)

As of today, Dun & Bradstreet Corp's current share price is $119.48. Dun & Bradstreet Corp's E10 for the quarter that ended in Jun. 2014 was $6.39. Dun & Bradstreet Corp's Shiller P/E Ratio for today is 18.71.

DNB' s 10-Year Shiller P/E Ratio Range
Min: 11.43   Max: 34.01
Current: 18.71

11.43
34.01

During the past 13 years, Dun & Bradstreet Corp's highest Shiller P/E Ratio was 34.01. The lowest was 11.43. And the median was 17.05.

DNB's Shiller P/E Ratiois ranked higher than
86% of the 1096 Companies
in the Global Business Services industry.

( Industry Median: 228.80 vs. DNB: 18.71 )

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.

Dun & Bradstreet Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was $1.343. 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 $6.39 for the trailing six years ended in Jun. 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.

Dun & Bradstreet Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=119.48/6.39
=18.70

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

Dun & Bradstreet Corp's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Dun & Bradstreet Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=1.35/238.343*237.056
=1.343

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

Current CPI = 237.056.

Dun & Bradstreet Corp Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 1.3201.2001.7602.2021.2901.4401.8701.9662.2601.350
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.3641.2401.8032.2731.3141.4621.8932.0002.2671.343
200909200912201003201006201009201012201103201106201109201112
per share eps 1.0201.6230.9201.1001.1201.8481.0001.1801.1901.932
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 1.1201.7821.0021.1961.2151.9991.0611.2391.2432.029
200809200812200903200906
per share eps 1.1801.8611.9301.430
CPI 218.783210.228212.709215.693
Adj_EPS 1.2792.0982.1511.572

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.

Dun & Bradstreet Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.000.0029.4926.1919.6018.3416.5413.9213.4420.22

Dun & Bradstreet Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 15.2512.6913.6913.4414.0316.4416.9620.2215.5917.26
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