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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 $21.03. E*Trade Financial Corp's E10 for the quarter that ended in Sep. 2015 was $-4.08. 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 171.24. The lowest was 13.81. And the median was 86.28.

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 Sep. 2015 was $-0.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-4.08 for the trailing ten years ended in Sep. 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
=21.03/-4.08
=

* 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 Dec14 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-0.53/237.945*237.945
=-0.530

Current CPI (Sep. 2015) = 237.945.

E*Trade Financial Corp Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.1600.1980.3300.2400.2900.1390.1400.990-0.5300.000
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.1630.2020.3320.2400.2900.1410.1410.987-0.5300.000
201103201106201109201112201203201206201209201212201303201306
per share eps 0.1600.1600.240-0.0220.2200.140-0.100-0.6510.120-0.190
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.1700.1690.252-0.0230.2280.145-0.103-0.6750.123-0.194
200809200812200903200906200909200912201003201006201009201012
per share eps -0.900-5.020-4.100-2.160-6.740-0.358-0.2500.1200.030-0.109
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS -0.979-5.682-4.586-2.383-7.426-0.394-0.2730.1310.033-0.118
200603200606200609200612200703200706200709200712200803200806
per share eps 3.3003.6003.5004.0523.9003.700-1.400-39.836-2.000-1.900
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 3.9304.2224.1054.7784.5194.226-1.598-45.129-2.229-2.066

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 82.140.000.000.000.000.000.000.000.000.00

E*Trade Financial Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 0.000.000.000.000.000.000.000.000.000.00
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