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Hudson City Bancorp Inc (NAS:HCBK)
Shiller P/E Ratio
21.53 (As of Today)

As of today, Hudson City Bancorp Inc's current share price is $10.12. Hudson City Bancorp Inc's E10 for the quarter that ended in Jun. 2015 was $0.47. Hudson City Bancorp Inc's Shiller P/E Ratio for today is 21.53.

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.

Hudson City Bancorp Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was $0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.47 for the trailing ten years ended in Jun. 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.

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

Shiller P/E Ratio=Share Price/E10
=10.12/0.47
=21.53

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

Hudson City Bancorp Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Hudson City Bancorp Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)
=0.07/238.638*238.638
=0.070

Current CPI (Jun. 2015) = 238.638.

Hudson City Bancorp Inc Quarterly Data

201303201306201309201312201403201406201409201412201503201506
per share eps 0.1000.1000.0900.0920.0900.0800.0700.0770.0100.070
CPI 232.773233.504234.149233.049236.293238.343238.031234.812236.119238.638
Adj_EPS 0.1030.1020.0920.0940.0910.0800.0700.0780.0100.070
201009201012201103201106201109201112201203201206201209201212
per share eps 0.2500.245-1.1300.1900.170-0.7260.1500.1500.1100.096
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS 0.2730.267-1.2070.2010.179-0.7680.1560.1560.1130.100
200803200806200809200812200903200906200909200912201003201006
per share eps 0.1800.2200.2500.2550.2600.2600.2700.2780.3000.290
CPI 213.528218.815218.783210.228212.709215.693215.969215.949217.631217.965
Adj_EPS 0.2010.2400.2730.2890.2920.2880.2980.3070.3290.318
200509200512200603200606200609200612200703200706200709200712
per share eps 0.1300.1370.1300.1300.1300.1310.1300.1400.1500.156
CPI 198.800196.800199.800202.900202.900201.800205.352208.352208.490210.036
Adj_EPS 0.1560.1660.1550.1530.1530.1550.1510.1600.1720.177

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.

Hudson City Bancorp Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.000.000.000.0025.5520.0313.1116.3819.0421.04

Hudson City Bancorp Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ShillerPE 17.2818.3917.9919.0419.5719.7419.7921.0422.1220.93
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