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

As of today, H&R Block Inc's current share price is $33.16. H&R Block Inc's E10 for the quarter that ended in Oct. 2015 was $0.86. H&R Block Inc's Shiller P/E Ratio for today is 38.56.

HRB' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11.59   Max: 43.33
Current: 38.55

11.59
43.33

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 43.33. The lowest was 11.59. And the median was 23.34.

HRB's Shiller P/E Ratio is ranked lower than
63% of the 19 Companies
in the Global Personal Services industry.

( Industry Median: 32.94 vs. HRB: 38.55 )

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. 2015 was $-0.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.86 for the trailing ten years ended in Oct. 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.

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

Shiller P/E Ratio=Share Price/E10
=33.16/0.86
=38.56

* 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 Oct. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2015 (Change)*Current CPI (Oct. 2015)
=-0.55/237.838*237.838
=-0.550

Current CPI (Oct. 2015) = 237.838.

H&R Block Inc Quarterly Data

201307201310201401201404201407201410201501201504201507201510
per share eps -0.420-0.390-0.7803.310-0.420-0.410-0.1302.680-0.360-0.550
CPI 233.596233.546233.916237.072238.250237.433233.707236.599238.654237.838
Adj_EPS -0.428-0.397-0.7933.321-0.419-0.411-0.1322.694-0.359-0.550
201101201104201107201110201201201204201207201210201301201304
per share eps -0.0402.120-0.570-0.470-0.0101.960-0.390-0.390-0.0702.420
CPI 220.223224.906225.922226.421226.665230.085229.104231.317230.280232.531
Adj_EPS -0.0432.242-0.600-0.494-0.0102.026-0.405-0.401-0.0722.475
200807200810200901200904200907200910201001201004201007201010
per share eps -0.410-0.4100.1402.120-0.400-0.3800.1502.060-0.410-0.360
CPI 219.964216.573211.143213.240215.351216.177216.687218.009218.011218.711
Adj_EPS -0.443-0.4500.1582.365-0.442-0.4180.1652.247-0.447-0.391
200601200604200607200610200701200704200707200710200801200804
per share eps 0.0401.770-0.410-0.490-0.190-0.260-0.930-1.550-0.1501.680
CPI 198.300201.500203.500201.800202.416206.686208.299208.936211.080214.823
Adj_EPS 0.0482.089-0.479-0.578-0.223-0.299-1.062-1.764-0.1691.860

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 18.2522.7927.1517.4018.9716.8414.7526.5129.2933.18

H&R Block Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
ShillerPE 31.4129.6936.0829.2933.7534.7539.6733.1837.2343.34
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