Switch to:
E*TRADE Financial Corp (NAS:ETFC)
Shiller P/E Ratio
(As of Today)

As of today, E*TRADE Financial Corp's current share price is $25.18. E*TRADE Financial Corp's E10 for the quarter that ended in Dec. 2015 was $-4.44. E*TRADE Financial Corp's Shiller P/E Ratio for today is .

During the past 13 years, E*TRADE Financial Corp's highest Shiller P/E Ratio was 122.86. The lowest was 0.00. And the median was 74.28.

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.

E*TRADE Financial Corp's adjusted earnings per share data for the three months ended in Dec. 2015 was $0.302. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-4.44 for the trailing ten years ended in Dec. 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.

E*TRADE Financial Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=25.18/-4.44
=

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

E*TRADE Financial Corp's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, E*TRADE Financial Corp's adjusted earnings per share data for the three months ended in Dec. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=0.302/236.525*236.525
=0.302

Current CPI (Dec. 2015) = 236.525.

E*TRADE Financial Corp Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 0.1980.3300.2400.2900.1390.1400.990-0.5300.3020.530
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525237.208
Adj_EPS 0.2010.3300.2380.2880.1400.1400.981-0.5270.3020.528
201106201109201112201203201206201209201212201303201306201309
per share eps 0.1600.240-0.0220.2200.140-0.100-0.6520.120-0.1900.160
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 0.1680.250-0.0230.2270.144-0.102-0.6720.122-0.1920.162
200812200903200906200909200912201003201006201009201012201103
per share eps -5.020-4.100-2.160-6.740-0.358-0.2500.1200.030-0.1090.160
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS -5.648-4.559-2.369-7.382-0.392-0.2720.1300.032-0.1180.169
200606200609200612200703200706200709200712200803200806200809
per share eps 3.6003.5004.0523.9003.700-1.400-39.836-2.000-1.900-0.900
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 4.1974.0804.7494.4924.200-1.588-44.860-2.215-2.054-0.973

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.

E*TRADE Financial Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 82.170.000.000.000.000.000.000.000.000.00

E*TRADE Financial Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 0.000.000.000.000.000.000.000.000.000.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK