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Henry Schein Inc (NAS:HSIC)
Shiller P/E Ratio
31.96 (As of Today)

As of today, Henry Schein Inc's current share price is $144.45. Henry Schein Inc's E10 for the quarter that ended in Mar. 2015 was $4.52. Henry Schein Inc's Shiller P/E Ratio for today is 31.96.

HSIC' s 10-Year Shiller P/E Ratio Range
Min: 16.87   Max: 37.37
Current: 31.94

16.87
37.37

During the past 13 years, Henry Schein Inc's highest Shiller P/E Ratio was 37.37. The lowest was 16.87. And the median was 27.69.

HSIC's Shiller P/E Ratiois ranked higher than
56% of the 25 Companies
in the Global Medical Distribution industry.

( Industry Median: 32.31 vs. HSIC: 31.94 )

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.

Henry Schein Inc's adjusted earnings per share data for the three months ended in Mar. 2015 was $1.224. 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 $4.52 for the trailing six years ended in Mar. 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.

Henry Schein Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=144.45/4.52
=31.96

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

Henry Schein Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Henry Schein Inc's adjusted earnings per share data for the three months ended in Mar. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2015*CPI of Current
=1.22/236.119*236.959
=1.224

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 236.959.

Henry Schein Inc Quarterly Data

201212201303201306201309201312201403201406201409201412201503
per share eps 1.2631.0301.2301.2301.4351.1801.3501.3401.5611.220
CPI 229.601232.773233.504234.149233.049236.293238.343238.031234.812236.119
Adj_EPS 1.3031.0491.2481.2451.4591.1831.3421.3341.5751.224
201006201009201012201103201106201109201112201203201206201209
per share eps 0.9000.9400.9920.8201.0100.9901.1520.8901.0801.080
CPI 217.965218.439219.179223.467225.722226.889225.672229.392229.478231.407
Adj_EPS 0.9781.0201.0720.8701.0601.0341.2100.9191.1151.106
200906200909200912201003
per share eps 0.8101.0500.9550.660
CPI 215.693215.969215.949217.631
Adj_EPS 0.8901.1521.0480.719

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.

Henry Schein Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 32.9432.4534.4618.8123.1423.1920.9122.8829.0831.03

Henry Schein Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ShillerPE 22.8825.4925.1826.7129.0829.1127.9927.1631.0330.87
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