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OneBeacon Insurance Group Ltd (NYSE:OB)
Shiller PE Ratio
20.19 (As of Today)

As of today, OneBeacon Insurance Group Ltd's current share price is $15.95. OneBeacon Insurance Group Ltd's E10 for the quarter that ended in Dec. 2016 was $0.79. OneBeacon Insurance Group Ltd's Shiller P/E Ratio for today is 20.19.

OB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.08   Max: 21.11
Current: 20.1

6.08
21.11

During the past 13 years, OneBeacon Insurance Group Ltd's highest Shiller P/E Ratio was 21.11. The lowest was 6.08. And the median was 13.30.

OB's Shiller PE Ratio is ranked lower than
65% of the 20 Companies
in the Global Insurance - Specialty industry.

( Industry Median: 14.99 vs. OB: 20.10 )

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.

OneBeacon Insurance Group Ltd's adjusted earnings per share data for the three months ended in Dec. 2016 was $0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.79 for the trailing ten years ended in Dec. 2016.


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.

OneBeacon Insurance Group Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=15.95/0.79
=20.19

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

OneBeacon Insurance Group Ltd's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, OneBeacon Insurance Group Ltd's adjusted earnings per share data for the three months ended in Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=0.08/241.432*241.432
=0.080

Current CPI (Dec. 2016) = 241.432.

OneBeacon Insurance Group Ltd Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps -0.020-0.3900.2500.030-0.1400.2300.4900.2600.3000.080
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS -0.020-0.4010.2560.030-0.1420.2350.4970.2600.3000.080
201203201206201209201212201303201306201309201312201403201406
per share eps 0.4600.130-0.658-0.1410.724-0.0300.4100.4300.4900.261
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.4840.137-0.687-0.1480.751-0.0310.4230.4450.5010.264
200909200912201003201006201009201012201103201106201109201112
per share eps 1.1400.7700.0000.0900.9200.2380.4400.160-0.3500.330
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 1.2740.8610.0000.1001.0170.2620.4750.171-0.3720.353
200703200706200709200712200803200806200809200812200903200906
per share eps 0.6100.6200.8200.460-0.2500.250-2.210-1.8000.3401.350
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.7170.7180.9500.529-0.2830.276-2.439-2.0670.3861.511

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 local exchange's currency.

OneBeacon Insurance Group Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 0.000.000.000.000.000.0012.6513.5813.0320.22

OneBeacon Insurance Group Ltd Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 11.9613.5813.3613.6914.8413.0313.1915.3216.9420.22
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