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

As of today, Dun & Bradstreet Corporation's current share price is $105.00. Dun & Bradstreet Corporation's E10 for the quarter that ended in Dec. 2013 was $6.11. Dun & Bradstreet Corporation's Shiller P/E Ratio for today is 17.17.

DNB' s 10-Year Shiller P/E Ratio Range
Min: 11.45   Max: 34.01
Current: 17.17

11.45
34.01

During the past 13 years, Dun & Bradstreet Corporation's highest Shiller P/E Ratio was 34.01. The lowest was 11.45. And the median was 16.96.

DNB's Shiller P/E Ratiois ranked higher than
81% of the 471 Companies
in the Global Business Services industry.

( Industry Median: 24.49 vs. DNB: 17.17 )

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 Corporation's adjusted earnings per share data for the three months ended in Dec. 2013 was $1.995. 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 $6.11 for the trailing six years ended in Dec. 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.

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

Shiller P/E Ratio=Share Price/E10
=105.00/6.11
=17.18

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

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

For example, Dun & Bradstreet Corporation's adjusted earnings per share data for the three months ended in Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=1.966/233.049*236.511
=1.995

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

Current CPI = 236.511.

Dun & Bradstreet Corporation Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 1.1901.9321.3201.2001.7602.2021.2901.4401.8701.966
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.2402.0251.3611.2371.7992.2681.3111.4591.8891.995
200903200906200909200912201003201006201009201012201103201106
per share eps 1.9301.4301.0201.6230.9201.1001.1201.8481.0001.180
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 2.1461.5681.1171.7781.0001.1941.2131.9941.0581.236
200803200806200809200812
per share eps 1.0601.5101.1801.861
CPI 213.528218.815218.783210.228
Adj_EPS 1.1741.6321.2762.094

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 Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.000.0029.5626.2519.4718.3916.5813.9513.4720.07

Dun & Bradstreet Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 11.4613.9515.2812.7213.7113.4714.0616.3117.0020.07
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