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

As of today, H&R Block Inc's current share price is $23.91. H&R Block Inc's E10 for the quarter that ended in Apr. 2016 was $0.94. H&R Block Inc's Shiller P/E Ratio for today is 25.44.

HRB' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.47   Max: 41.4
Current: 25.54

10.47
41.4

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 41.40. The lowest was 10.47. And the median was 22.45.

HRB's Shiller P/E Ratio is ranked higher than
62% of the 13 Companies
in the Global Personal Services industry.

( Industry Median: 26.80 vs. HRB: 25.54 )

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 Apr. 2016 was $2.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.94 for the trailing ten years ended in Apr. 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
=23.91/0.94
=25.44

* 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 Apr16 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Apr. 2016 (Change)*Current CPI (Apr. 2016)
=2.76/239.261*239.261
=2.760

Current CPI (Apr. 2016) = 239.261.

H&R Block Inc Quarterly Data

201401201404201407201410201501201504201507201510201601201604
per share eps 0.0001.740-0.420-0.410-0.1302.680-0.360-0.550-0.3502.760
CPI 233.916237.072238.250237.433233.707236.599238.654237.838236.916239.261
Adj_EPS 0.0001.756-0.422-0.413-0.1332.710-0.361-0.553-0.3532.760
201107201110201201201204201207201210201301201304201307201310
per share eps -0.180-0.0600.0001.140-0.010-0.020-0.0101.600-0.420-0.010
CPI 225.922226.421226.665230.085229.104231.317230.280232.531233.596233.546
Adj_EPS -0.191-0.0630.0001.185-0.010-0.021-0.0101.646-0.430-0.010
200901200904200907200910201001201004201007201010201101201104
per share eps 0.1402.120-0.400-0.3800.1502.060-0.010-0.3600.0001.320
CPI 211.143213.240215.351216.177216.687218.009218.011218.711220.223224.906
Adj_EPS 0.1592.379-0.444-0.4210.1662.261-0.011-0.3940.0001.404
200607200610200701200704200707200710200801200804200807200810
per share eps -0.410-0.490-0.180-0.260-0.930-1.550-0.1401.680-0.410-0.410
CPI 203.500201.800202.416206.686208.299208.936211.080214.823219.964216.573
Adj_EPS -0.482-0.581-0.213-0.301-1.068-1.775-0.1591.871-0.446-0.453

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

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
ShillerPE 21.5625.0216.0417.8915.9213.7025.8228.3631.9321.62

H&R Block Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
ShillerPE 0.0028.3632.7333.7438.6131.9335.8441.3339.2521.62
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