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M D C Holdings Inc (NYSE:MDC)
Shiller P/E Ratio
(As of Today)

As of today, M D C Holdings Inc's current share price is $19.55. M D C Holdings Inc's E10 for the quarter that ended in Sep. 2015 was $-0.75. M D C Holdings Inc's Shiller P/E Ratio for today is .

During the past 13 years, M D C Holdings Inc's highest Shiller P/E Ratio was 81.43. The lowest was 0.00. And the median was 14.55.

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.

M D C Holdings Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.75 for the trailing ten years ended in Sep. 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.

M D C Holdings Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=19.55/-0.75
=

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

M D C Holdings Inc's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, M D C Holdings Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.3/237.945*237.945
=0.300

Current CPI (Sep. 2015) = 237.945.

M D C Holdings Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 0.7400.5900.2300.4400.3200.3000.1700.4100.3000.460
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.7520.6020.2320.4390.3200.3040.1710.4090.3000.463
201103201106201109201112201203201206201209201212201303201306
per share eps -0.430-0.600-0.680-0.4000.0400.2200.4100.6100.4504.550
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS -0.458-0.632-0.713-0.4220.0410.2280.4220.6320.4604.637
200809200812200903200906200909200912201003201006201009201012
per share eps -2.550-1.930-0.880-0.640-0.6902.730-0.450-0.080-0.220-0.650
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS -2.773-2.184-0.984-0.706-0.7603.008-0.492-0.087-0.240-0.706
200603200606200609200612200703200706200709200712200803200806
per share eps 2.0801.6601.060-0.140-2.070-2.320-3.400-6.150-1.580-2.180
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 2.4771.9471.243-0.165-2.399-2.650-3.880-6.967-1.761-2.371

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.

M D C Holdings Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 12.2610.9812.2513.4515.5814.3941.2634.560.000.00

M D C Holdings Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 28.1534.5635.7449.7373.280.000.000.000.000.00
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