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

As of today, Dun & Bradstreet Corp's current share price is $124.77. Dun & Bradstreet Corp's E10 for the quarter that ended in Mar. 2015 was $6.37. Dun & Bradstreet Corp's Shiller P/E Ratio for today is 19.59.

DNB' s 10-Year Shiller P/E Ratio Range
Min: 11.45   Max: 34.01
Current: 19.83

11.45
34.01

During the past 13 years, Dun & Bradstreet Corp's highest Shiller P/E Ratio was 34.01. The lowest was 11.45. And the median was 17.44.

DNB's Shiller P/E Ratiois ranked higher than
64% of the 343 Companies
in the Global Business Services industry.

( Industry Median: 23.86 vs. DNB: 19.83 )

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 Mar. 2015 was $1.142. 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 $6.37 for the trailing six years ended in Mar. 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.

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

Shiller P/E Ratio=Share Price/E10
=124.77/6.37
=19.59

* 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 Dec14 is calculated as:

For example, Dun & Bradstreet Corp's adjusted earnings per share data for the three months ended in Mar. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2015*CPI of Current
=1.13/236.119*238.709
=1.142

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

Current CPI = 238.709.

Dun & Bradstreet Corp Quarterly Data

201212201303201306201309201312201403201406201409201412201503
per share eps 2.2021.2901.4401.8701.9662.2601.3501.8502.5051.130
CPI 229.601232.773233.504234.149233.049236.293238.343238.031234.812236.119
Adj_EPS 2.2891.3231.4721.9062.0142.2831.3521.8552.5471.142
201006201009201012201103201106201109201112201203201206201209
per share eps 1.1001.1201.8481.0001.1801.1901.9321.3201.2001.760
CPI 217.965218.439219.179223.467225.722226.889225.672229.392229.478231.407
Adj_EPS 1.2051.2242.0131.0681.2481.2522.0441.3741.2481.816
200906200909200912201003
per share eps 1.4301.0201.6230.920
CPI 215.693215.969215.949217.631
Adj_EPS 1.5831.1271.7941.009

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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.0029.5526.2419.6318.3816.5713.9513.4620.0718.87

Dun & Bradstreet Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ShillerPE 13.4614.0616.3116.9920.0715.6317.2918.1718.8720.16
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