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Fortune Brands Home & Security Inc (NYSE:FBHS)
Shiller P/E Ratio
(As of Today)

As of today, Fortune Brands Home & Security Inc's current share price is \$53.80. Fortune Brands Home & Security Inc's E10 for the quarter that ended in Sep. 2016 was \$0.00. Fortune Brands Home & Security Inc's Shiller P/E Ratio for today is .

During the past 7 years, Fortune Brands Home & Security Inc's highest Shiller P/E Ratio was 37.95. The lowest was 0.00. And the median was 10.06.

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.

Fortune Brands Home & Security Inc's adjusted earnings per share data for the three months ended in Sep. 2016 was \$0.780. 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. 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.

Fortune Brands Home & Security Inc's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 53.80 / 0.00 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Fortune Brands Home & Security Inc's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Fortune Brands Home & Security Inc's adjusted earnings per share data for the three months ended in Sep. 2016 was:

 Adj_EPS = Earnigns per Share / CPI of Sep. 2016 (Change) * Current CPI (Sep. 2016) = 0.78 / 241.428 * 241.428 = 0.780

Current CPI (Sep. 2016) = 241.428.

Fortune Brands Home & Security Inc does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Fortune Brands Home & Security Inc Annual Data

 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Fortune Brands Home & Security Inc Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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