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Onex (ONEXF) Shiller PE Ratio : 7.40 (As of Apr. 29, 2024)


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What is Onex Shiller PE Ratio?

As of today (2024-04-29), Onex's current share price is $72.01. Onex's E10 for the quarter that ended in Dec. 2023 was $9.73. Onex's Shiller PE Ratio for today is 7.40.

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

ONEXF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.28   Med: 11.62   Max: 549.53
Current: 7.68

During the past years, Onex's highest Shiller PE Ratio was 549.53. The lowest was 5.28. And the median was 11.62.

ONEXF's Shiller PE Ratio is ranked better than
82.81% of 762 companies
in the Asset Management industry
Industry Median: 12.785 vs ONEXF: 7.68

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.

Onex's adjusted earnings per share data for the three months ended in Dec. 2023 was $4.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Onex Shiller PE Ratio Historical Data

The historical data trend for Onex'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.

Onex Shiller PE Ratio Chart

Onex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.76 8.27 9.97 5.87 7.21

Onex Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.87 5.62 5.95 6.43 7.21

Competitive Comparison of Onex's Shiller PE Ratio

For the Asset Management subindustry, Onex'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.


Onex's Shiller PE Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Onex's Shiller PE Ratio falls into.



Onex 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.

Onex's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=72.01/9.73
=7.40

* 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.

Onex's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Onex's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.71/125.4675*125.4675
=4.710

Current CPI (Dec. 2023) = 125.4675.

Onex Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 -0.360 98.604 -0.458
201406 -0.800 99.473 -1.009
201409 3.310 99.394 4.178
201412 -3.160 98.367 -4.031
201503 -0.980 99.789 -1.232
201506 -2.860 100.500 -3.571
201509 1.760 100.421 2.199
201512 -3.250 99.947 -4.080
201603 -1.790 101.054 -2.222
201606 3.120 102.002 3.838
201609 -1.270 101.765 -1.566
201612 -1.300 101.449 -1.608
201703 -8.880 102.634 -10.856
201706 26.600 103.029 32.393
201709 3.180 103.345 3.861
201712 2.740 103.345 3.327
201803 -1.560 105.004 -1.864
201806 -2.500 105.557 -2.972
201809 -4.220 105.636 -5.012
201812 1.710 105.399 2.036
201903 37.370 106.979 43.828
201906 2.580 107.690 3.006
201909 0.990 107.611 1.154
201912 1.840 107.769 2.142
202003 -9.970 107.927 -11.590
202006 6.430 108.401 7.442
202009 5.290 108.164 6.136
202012 6.270 108.559 7.247
202103 4.590 110.298 5.221
202106 1.950 111.720 2.190
202109 6.760 112.905 7.512
202112 2.490 113.774 2.746
202203 1.890 117.646 2.016
202206 -2.150 120.806 -2.233
202209 -2.120 120.648 -2.205
202212 5.100 120.964 5.290
202303 -2.870 122.702 -2.935
202306 1.630 124.203 1.647
202309 3.230 125.230 3.236
202312 4.710 125.468 4.710

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.


Onex  (OTCPK:ONEXF) 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.


Onex Shiller PE Ratio Related Terms

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


Onex (ONEXF) Business Description

Traded in Other Exchanges
Address
161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5
Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.

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