GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pzena Investment Management Inc (NYSE:PZN) » Definitions » Shiller PE Ratio

Pzena Investment Management (Pzena Investment Management) Shiller PE Ratio : 14.19 (As of Apr. 26, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Pzena Investment Management Shiller PE Ratio?

As of today (2024-04-26), Pzena Investment Management's current share price is $9.65. Pzena Investment Management's E10 for the quarter that ended in Jun. 2022 was $0.68. Pzena Investment Management's Shiller PE Ratio for today is 14.19.

The historical rank and industry rank for Pzena Investment Management's Shiller PE Ratio or its related term are showing as below:

PZN's Shiller PE Ratio is not ranked *
in the Asset Management industry.
Industry Median: 12.595
* Ranked among companies with meaningful Shiller PE Ratio only.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Pzena Investment Management's adjusted earnings per share data for the three months ended in Jun. 2022 was $0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.68 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pzena Investment Management Shiller PE Ratio Historical Data

The historical data trend for Pzena Investment Management's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pzena Investment Management Shiller PE Ratio Chart

Pzena Investment Management Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.39 18.46 17.47 13.87 14.97

Pzena Investment Management Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.35 14.97 12.20 9.62 -

Competitive Comparison of Pzena Investment Management's Shiller PE Ratio

For the Asset Management subindustry, Pzena Investment Management's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pzena Investment Management's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pzena Investment Management's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Pzena Investment Management's Shiller PE Ratio falls into.



Pzena Investment Management Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Pzena Investment Management's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=9.65/0.68
=14.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pzena Investment Management's E10 for the quarter that ended in Jun. 2022 is calculated as:

For example, Pzena Investment Management's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=0.15/125.0168*125.0168
=0.150

Current CPI (Jun. 2022) = 125.0168.

Pzena Investment Management Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.090 97.633 0.115
201212 0.080 96.871 0.103
201303 0.090 98.209 0.115
201306 0.100 98.518 0.127
201309 0.120 98.790 0.152
201312 0.150 98.326 0.191
201403 0.110 99.695 0.138
201406 0.130 100.560 0.162
201409 0.140 100.428 0.174
201412 0.140 99.070 0.177
201503 0.120 99.621 0.151
201506 0.130 100.684 0.161
201509 0.130 100.392 0.162
201512 0.120 99.792 0.150
201603 0.100 100.470 0.124
201606 0.090 101.688 0.111
201609 0.120 101.861 0.147
201612 0.270 101.863 0.331
201703 0.120 102.862 0.146
201706 0.150 103.349 0.181
201709 0.170 104.136 0.204
201712 -0.060 104.011 -0.072
201803 0.200 105.290 0.237
201806 0.200 106.317 0.235
201809 0.220 106.507 0.258
201812 0.150 105.998 0.177
201903 0.170 107.251 0.198
201906 0.180 108.070 0.208
201909 0.190 108.329 0.219
201912 -0.080 108.420 -0.092
202003 0.000 108.902 0.000
202006 0.130 108.767 0.149
202009 0.160 109.815 0.182
202012 0.220 109.897 0.250
202103 0.240 111.754 0.268
202106 0.250 114.631 0.273
202109 0.270 115.734 0.292
202112 0.240 117.630 0.255
202203 0.160 121.301 0.165
202206 0.150 125.017 0.150

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Pzena Investment Management  (NYSE:PZN) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Pzena Investment Management Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Pzena Investment Management's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Pzena Investment Management (Pzena Investment Management) Business Description

Traded in Other Exchanges
N/A
Address
320 Park Avenue, 8th Floor, New York, NY, USA, 10022
Pzena Investment Management Inc is a United States (U.S) based investment management company. The company adopts value-oriented investment strategies across a wide range of market capitalizations in both U.S. and non-U.S. capital markets. It manages separate accounts on behalf of institutions; acts as the sub-investment adviser for a variety of Securities and Exchange Commission registered mutual funds and non-U.S. funds, and act as investment adviser for the Pzena Mutual Funds as well as certain private placement funds. In addition, the company offers institutional investment products to public and corporate pension funds, endowments, foundations, and certain commingled vehicles geared toward institutional investors. The primary source of the revenue is management fees received.
Executives
Shavar Dakel Jeffries director 50 HALSEY STREET, APT. 708T, NEWARK NJ 07102
Chenyu Caroline Cai director, officer: Executive Vice President 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Joel Greenblatt director 535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Steven M Galbraith director C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard P. Meyerowich director C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Evan K. Fire officer: Chief Operating Officer PZENA INVESTMENT MANAGEMENT, INC., 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
John Paul Goetz director, officer: President and Co-CIO C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard Stanton Pzena director, officer: Chairman, CEO and Co-CIO C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
William Louis Lipsey director, officer: Pres., Marketing/Client Serv. C/O PZENA INVESTMENT MANAGEMENT LLC, 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Jessica R Doran officer: Chief Financial Officer 320 PARK AVENUE, 8TH FLOOR, C/O PZENA INVESTMENT MANAGEMENT, LLC, NEW YORK NY 10022
Punch Howard D. Jr 10 percent owner 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Punch & Associates Investment Management, Inc. 10 percent owner 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Charles D Johnston director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Gary J Bachman officer: Chief Financial Officer C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Michael D Peterson officer: Executive Vice President C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036

Pzena Investment Management (Pzena Investment Management) Headlines

From GuruFocus