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As of today, MBIA Inc's current share price is $8.47. MBIA Inc's E10 for the quarter that ended in Sep. 2014 was $0.21. MBIA Inc's Shiller P/E Ratio for today is 40.33.
During the past 13 years, MBIA Inc's highest Shiller P/E Ratio was 49.57. The lowest was 0.50. And the median was 11.87.
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.
MBIA Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was $0.790. 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 $0.21 for the trailing six years ended in Sep. 2014.
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.
MBIA Inc's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
MBIA Inc's E10 for the fiscal year that ended in Dec13 is calculated as:
For example, MBIA Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Sep. 2014||*||CPI of Current|
Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.
Current CPI = 235.189.
MBIA Inc Quarterly Data
|per share eps||2.980||0.040||3.633||0.840||-0.940||0.520||0.698||1.320||0.450||0.800|
|per share eps||-1.157||-7.220||6.320||-1.060||2.229||-6.370||0.680||2.260||-3.239||0.050|
|per share eps||-5.207||3.340||4.300||-3.500|
Add all the adjusted EPS together and divide 6 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
MBIA Inc Annual Data
MBIA Inc Quarterly Data