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Home Inns & Hotels Management, Inc. (NAS:HMIN)
Shiller P/E Ratio
51.00 (As of Today)

As of today, Home Inns & Hotels Management, Inc.'s current share price is $32.98. Home Inns & Hotels Management, Inc.'s E10 for the quarter that ended in Dec. 2013 was $0.00. Home Inns & Hotels Management, Inc.'s Shiller P/E Ratio for today is 51.00.

HMIN' s 10-Year Shiller P/E Ratio Range
Min: 30.36   Max: 108.83
Current: 51

30.36
108.83

During the past 12 years, Home Inns & Hotels Management, Inc.'s highest Shiller P/E Ratio was 108.83. The lowest was 30.36. And the median was 56.22.

HMIN's Shiller P/E Ratiois ranked lower than
51% of the 359 Companies
in the Global Lodging industry.

( Industry Median: 24.79 vs. HMIN: 51.00 )

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.

Home Inns & Hotels Management, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was $0.047. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $0.00 for the trailing six years ended in Dec. 2013.


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.

Home Inns & Hotels Management, Inc.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=32.98/0.00
=

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

Home Inns & Hotels Management, Inc.'s E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Home Inns & Hotels Management, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=0.046273343249/233.049*236.511
=0.047

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

Home Inns & Hotels Management, Inc. Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 0.0970.000-0.3620.1160.1180.023-0.0680.2740.3800.046
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.1010.000-0.3730.1200.1210.023-0.0690.2770.3840.047
200903200906200909200912201003201006201009201012201103201106
per share eps -0.0590.2050.2900.6930.1580.4690.5130.0000.1100.263
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS -0.0650.2250.3180.7590.1720.5090.5550.0000.1170.276
200803200806200809200812
per share eps -0.2000.0290.1170.241
CPI 213.528218.815218.783210.228
Adj_EPS -0.2220.0320.1270.271

Add all the adjusted EPS together and divide 6 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.

Home Inns & Hotels Management, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.000.000.000.000.000.000.000.0045.140.00

Home Inns & Hotels Management, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 37.540.0041.1235.7938.1145.1447.3840.5547.110.00
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