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Express Scripts Holding Co (NAS:ESRX)
Shiller P/E Ratio
31.33 (As of Today)

As of today, Express Scripts Holding Co's current share price is $71.74. Express Scripts Holding Co's E10 for the quarter that ended in Jun. 2016 was $2.29. Express Scripts Holding Co's Shiller P/E Ratio for today is 31.33.

ESRX' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 30.91   Max: 80.67
Current: 31.37

30.91
80.67

During the past 13 years, Express Scripts Holding Co's highest Shiller P/E Ratio was 80.67. The lowest was 30.91. And the median was 46.59.

ESRX's Shiller P/E Ratio is ranked lower than
69% of the 13 Companies
in the Global Health Care Plans industry.

( Industry Median: 29.39 vs. ESRX: 31.37 )

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.

Express Scripts Holding Co's adjusted earnings per share data for the three months ended in Jun. 2016 was $1.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.29 for the trailing ten years ended in Jun. 2016.


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.

Express Scripts Holding Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=71.74/2.29
=31.33

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

Express Scripts Holding Co's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Express Scripts Holding Co's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=1.13/241.038*241.038
=1.130

Current CPI (Jun. 2016) = 241.038.

Express Scripts Holding Co Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 0.4200.6700.7800.7800.6000.8800.9701.1300.8101.130
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.4280.6780.7900.8010.6120.8890.9831.1520.8201.130
201109201112201203201206201209201212201303201306201309201312
per share eps 0.6600.6000.5500.1800.4700.6300.4500.6600.5200.630
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.7010.6410.5780.1890.4900.6610.4660.6810.5350.652
200903200906200909200912201003201006201009201012201103201106
per share eps 0.4300.3700.3600.4100.4700.5300.5600.6100.6100.660
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.4870.4130.4020.4580.5210.5860.6180.6710.6580.705
200609200612200703200706200709200712200803200806200809200812
per share eps 0.2080.2650.2450.2850.2800.2700.3450.3750.4050.415
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.2470.3170.2880.3300.3240.3100.3890.4130.4460.476

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.

Express Scripts Holding Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 51.3778.5745.4357.8955.5836.4038.7644.0146.5241.72

Express Scripts Holding Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 45.7940.5439.7846.5246.5945.6639.9941.7231.5633.12
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