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

As of today, Dun & Bradstreet Corp's current share price is $115.11. Dun & Bradstreet Corp's E10 for the quarter that ended in Sep. 2014 was $6.37. Dun & Bradstreet Corp's Shiller P/E Ratio for today is 18.07.

DNB' s 10-Year Shiller P/E Ratio Range
Min: 11.52   Max: 33.9
Current: 18.06

11.52
33.9

During the past 13 years, Dun & Bradstreet Corp's highest Shiller P/E Ratio was 33.90. The lowest was 11.52. And the median was 17.20.

DNB's Shiller P/E Ratiois ranked higher than
91% of the 1132 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. DNB: 18.06 )

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 Sep. 2014 was $1.828. 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 Sep. 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
=115.11/6.37
=18.07

* 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 Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=1.85/238.031*235.189
=1.828

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

Current CPI = 235.189.

Dun & Bradstreet Corp Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps 1.2001.7602.2021.2901.4401.8701.9662.2601.3501.850
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 1.2301.7892.2561.3031.4501.8781.9842.2491.3321.828
200912201003201006201009201012201103201106201109201112201203
per share eps 1.6230.9201.1001.1201.8481.0001.1801.1901.9321.320
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 1.7680.9941.1871.2061.9831.0521.2291.2342.0131.353
200812200903200906200909
per share eps 1.8611.9301.4301.020
CPI 210.228212.709215.693215.969
Adj_EPS 2.0822.1341.5591.111

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 0.000.0029.6826.1219.5518.3016.5113.8913.4120.18

Dun & Bradstreet Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 12.6613.7813.4114.0016.4016.9320.1815.7117.3918.43
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