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H&R Block Inc (NYSE:HRB)
Shiller P/E Ratio
21.56 (As of Today)

As of today, H&R Block Inc's current share price is $20.05. H&R Block Inc's E10 for the quarter that ended in Oct. 2016 was $0.93. H&R Block Inc's Shiller P/E Ratio for today is 21.56.

HRB' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.89   Max: 41.4
Current: 21.67

10.89
41.4

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 41.40. The lowest was 10.89. And the median was 23.35.

HRB's Shiller P/E Ratio is ranked higher than
67% of the 15 Companies
in the Global Personal Services industry.

( Industry Median: 33.00 vs. HRB: 21.67 )

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.

H&R Block Inc's adjusted earnings per share data for the three months ended in Oct. 2016 was $-0.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.93 for the trailing ten years ended in Oct. 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.

H&R Block Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=20.05/0.93
=21.56

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

H&R Block Inc's E10 for the fiscal year that ended in Apr16 is calculated as:

For example, H&R Block Inc's adjusted earnings per share data for the three months ended in Oct. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2016 (Change)*Current CPI (Oct. 2016)
=-0.68/241.729*241.729
=-0.680

Current CPI (Oct. 2016) = 241.729.

H&R Block Inc Quarterly Data

201407201410201501201504201507201510201601201604201607201610
per share eps -0.420-0.410-0.1302.680-0.360-0.550-0.3502.760-0.560-0.680
CPI 238.250237.433233.707236.599238.654237.838236.916239.261240.628241.729
Adj_EPS -0.426-0.417-0.1342.738-0.365-0.559-0.3572.788-0.563-0.680
201201201204201207201210201301201304201307201310201401201404
per share eps -0.0111.959-0.388-0.384-0.0652.423-0.420-0.383-0.7833.309
CPI 226.665230.085229.104231.317230.280232.531233.596233.546233.916237.072
Adj_EPS -0.0122.058-0.409-0.401-0.0682.519-0.435-0.396-0.8093.374
200907200910201001201004201007201010201101201104201107201110
per share eps -0.400-0.3800.1502.060-0.409-0.360-0.0422.120-0.573-0.473
CPI 215.351216.177216.687218.009218.011218.711220.223224.906225.922226.421
Adj_EPS -0.449-0.4250.1672.284-0.453-0.398-0.0462.279-0.613-0.505
200701200704200707200710200801200804200807200810200901200904
per share eps -0.180-0.260-0.930-1.550-0.1401.680-0.410-0.4100.1402.120
CPI 202.416206.686208.299208.936211.080214.823219.964216.573211.143213.240
Adj_EPS -0.215-0.304-1.079-1.793-0.1601.890-0.451-0.4580.1602.403

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 local exchange's currency.

H&R Block Inc Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
ShillerPE 21.5425.0516.0717.9215.8513.9926.3228.3931.8421.69

H&R Block Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
ShillerPE 32.6833.9738.3331.8435.6841.4739.6521.6925.4424.81
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