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

As of today, H&R Block Inc's current share price is $21.10. H&R Block Inc's E10 for the quarter that ended in Jan. 2016 was $0.83. H&R Block Inc's Shiller P/E Ratio for today is 25.42.

HRB' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11.59   Max: 42.83
Current: 25.39

11.59
42.83

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 42.83. The lowest was 11.59. And the median was 23.57.

HRB's Shiller P/E Ratio is ranked higher than
55% of the 11 Companies
in the Global Personal Services industry.

( Industry Median: 25.23 vs. HRB: 25.39 )

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 Jan. 2016 was $-0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.83 for the trailing ten years ended in Jan. 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
=21.10/0.83
=25.42

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

H&R Block Inc's E10 for the fiscal year that ended in Apr15 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Jan. 2016 (Change)*Current CPI (Jan. 2016)
=-0.35/236.916*236.916
=-0.350

Current CPI (Jan. 2016) = 236.916.

H&R Block Inc Quarterly Data

201310201401201404201407201410201501201504201507201510201601
per share eps -0.390-0.7803.215-0.420-0.410-0.1302.605-0.360-0.550-0.350
CPI 233.546233.916237.072238.250237.433233.707236.599238.654237.838236.916
Adj_EPS -0.396-0.7903.213-0.418-0.409-0.1322.608-0.357-0.548-0.350
201104201107201110201201201204201207201210201301201304201307
per share eps 2.142-0.570-0.470-0.0101.980-0.390-0.390-0.0702.393-0.420
CPI 224.906225.922226.421226.665230.085229.104231.317230.280232.531233.596
Adj_EPS 2.256-0.598-0.492-0.0102.039-0.403-0.399-0.0722.438-0.426
200810200901200904200907200910201001201004201007201010201101
per share eps -0.4100.1402.056-0.400-0.3800.1502.093-0.410-0.360-0.040
CPI 216.573211.143213.240215.351216.177216.687218.009218.011218.711220.223
Adj_EPS -0.4490.1572.284-0.440-0.4160.1642.275-0.446-0.390-0.043
200604200607200610200701200704200707200710200801200804200807
per share eps 1.677-0.410-0.490-0.190-0.262-0.930-1.550-0.1501.617-0.410
CPI 201.500203.500201.800202.416206.686208.299208.936211.080214.823219.964
Adj_EPS 1.972-0.477-0.575-0.222-0.300-1.058-1.758-0.1681.783-0.442

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.

H&R Block Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
ShillerPE 18.2922.8326.9717.3019.0216.7614.7026.6429.1833.12

H&R Block Inc Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
ShillerPE 29.5435.8729.1833.6234.9839.5233.1237.1642.7840.97
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