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ECB Bancorp Inc (AMEX:ECBE)
Shiller P/E Ratio
(As of Today)

As of today, ECB Bancorp Inc's current share price is $0.00. ECB Bancorp Inc's E10 for the quarter that ended in Sep. 2012 was $0.00. ECB Bancorp Inc's Shiller P/E Ratio for today is .

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.

ECB Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2012 was $0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.00 for the trailing ten years ended in Sep. 2012.


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.

ECB Bancorp Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=0.00/0.00
=

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

ECB Bancorp Inc's E10 for the fiscal year that ended in Dec11 is calculated as:

For example, ECB Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2012 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2012 (Change)*Current CPI (Sep. 2012)
=0.48/231.407*231.407
=0.480

Current CPI (Sep. 2012) = 231.407.

ECB Bancorp Inc Quarterly Data

201006201009201012201103201106201109201112201203201206201209
per share eps 0.2400.100-0.488-0.4700.3100.090-0.6590.0400.1100.480
CPI 217.965218.439219.179223.467225.722226.889225.672229.392229.478231.407
Adj_EPS 0.2550.106-0.515-0.4870.3180.092-0.6760.0400.1110.480
200712200803200806200809200812200903200906200909200912201003
per share eps 0.4300.3600.3800.3500.0900.3700.1900.030-0.4000.080
CPI 210.036213.528218.815218.783210.228212.709215.693215.969215.949217.631
Adj_EPS 0.4740.3900.4020.3700.0990.4030.2040.032-0.4290.085
200506200509200512200603200606200609200612200703200706200709
per share eps 0.6200.6700.6200.5100.4900.5800.4700.3300.4300.460
CPI 194.500198.800196.800199.800202.900202.900201.800205.352208.352208.490
Adj_EPS 0.7380.7800.7290.5910.5590.6610.5390.3720.4780.511
200212200303200306200309200312200403200406200409200412200503
per share eps 0.5100.4900.4900.5100.4100.4800.6000.570-0.0500.470
CPI 180.900184.200183.700185.200184.300187.400189.700189.900190.300193.300
Adj_EPS 0.6520.6160.6170.6370.5150.5930.7320.695-0.0610.563

Add all the adjusted EPS together and divide 10 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.

ECB Bancorp Inc Annual Data

Dec02Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11
ShillerPE 0.000.000.0015.1016.7212.378.296.7710.1213.43

ECB Bancorp Inc Quarterly Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
ShillerPE 7.799.6410.1210.289.8411.6113.4312.9014.7125.39
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