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

As of today, H&R Block Inc's current share price is $22.79. H&R Block Inc's E10 for the quarter that ended in Apr. 2016 was $0.93. H&R Block Inc's Shiller P/E Ratio for today is 24.51.

HRB' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 11   Max: 41.4
Current: 24.28

11
41.4

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 41.40. The lowest was 11.00. And the median was 22.99.

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

( Industry Median: 32.57 vs. HRB: 24.28 )

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 of for the fiscal year that ended in Apr16 was $1.490. 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 Apr16.


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
=22.79/0.93
=24.51

* 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 quarter that ended in Apr. 2016 is calculated as:

For example, H&R Block Inc's adjusted earnings per share data for the fiscal year that ended in Apr16 was:

Adj_EPS=Earnigns per Share/CPI of Apr16 (Change)*Current CPI (Apr16)
=1.49/239.261*239.261
=1.490

Current CPI (Apr16) = 239.261.

H&R Block Inc Annual Data

200704200804200904201004201104201204201304201404201504201604
per share eps -1.3-0.91.4501.4301.3100.8901.5801.7201.7101.490
CPI 206.686214.823213.240218.009224.906230.085232.531237.072236.599239.261
Adj_EPS -1.540-1.0471.6271.5691.3940.9251.6261.7361.7291.490

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 21.4625.1315.9917.8415.9013.9226.2228.3531.8121.66

H&R Block Inc Semi-Annual Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
ShillerPE 28.3532.9833.9438.2931.8135.6241.4039.5821.6625.40
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