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

As of today, H&R Block Inc's current share price is $28.16. H&R Block Inc's E10 for the quarter that ended in Jan. 2014 was $1.20. H&R Block Inc's Shiller P/E Ratio for today is 23.60.

HRB' s 10-Year Shiller P/E Ratio Range
Min: 14.55   Max: 60.04
Current: 23.6

14.55
60.04

During the past 13 years, H&R Block Inc's highest Shiller P/E Ratio was 60.04. The lowest was 14.55. And the median was 25.91.

HRB's Shiller P/E Ratiois ranked higher than
62% of the 34 Companies
in the Global Personal Services industry.

( Industry Median: 26.70 vs. HRB: 23.60 )

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. 2014 was $-0.789. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $1.20 for the trailing six years ended in Jan. 2014.


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
=28.16/1.20
=23.47

* 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 Apr13 is calculated as:

For example, H&R Block Inc's adjusted earnings per share data for the three months ended in Jan. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2014*CPI of Current
=-0.78/233.916*236.511
=-0.789

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

H&R Block Inc Quarterly Data

201110201201201204201207201210201301201304201307201310201401
per share eps -0.470-0.0101.980-0.390-0.390-0.0702.393-0.420-0.390-0.780
CPI 226.421226.665230.085229.104231.317230.280232.531233.596233.546233.916
Adj_EPS -0.491-0.0102.035-0.403-0.399-0.0722.434-0.425-0.395-0.789
200904200907200910201001201004201007201010201101201104201107
per share eps 2.056-0.400-0.3800.1502.093-0.410-0.360-0.0402.142-0.570
CPI 213.240215.351216.177216.687218.009218.011218.711220.223224.906225.922
Adj_EPS 2.280-0.439-0.4160.1642.271-0.445-0.389-0.0432.253-0.597
200804200807200810200901
per share eps 1.617-0.410-0.4100.140
CPI 214.823219.964216.573211.143
Adj_EPS 1.780-0.441-0.4480.157

Add all the adjusted EPS together and divide 6 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

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
ShillerPE 21.8319.5815.8320.5529.7819.5928.0832.6334.0929.25

H&R Block Inc Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ShillerPE 36.0739.4634.0936.4037.1745.9229.2529.5822.1025.39
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