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Pep Boys - Manny Moe & Jack (NYSE:PBY)
Shiller P/E Ratio
44.40 (As of Today)

As of today, Pep Boys - Manny Moe & Jack's current share price is $10.88. Pep Boys - Manny Moe & Jack's E10 for the quarter that ended in Apr. 2014 was $0.24. Pep Boys - Manny Moe & Jack's Shiller P/E Ratio for today is 44.40.

PBY' s 10-Year Shiller P/E Ratio Range
Min: 41.96   Max: 2260
Current: 44.4

41.96
2260

During the past 13 years, Pep Boys - Manny Moe & Jack's highest Shiller P/E Ratio was 2260.00. The lowest was 41.96. And the median was 162.40.

PBY's Shiller P/E Ratiois ranked higher than
76% of the 1169 Companies
in the Global Specialty Retail industry.

( Industry Median: 9999.00 vs. PBY: 44.40 )

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.

Pep Boys - Manny Moe & Jack's adjusted earnings per share data for the three months ended in Apr. 2014 was $0.030. 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 $0.24 for the trailing six years ended in Apr. 2014.


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.

Pep Boys - Manny Moe & Jack's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=10.88/0.24
=45.33

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

Pep Boys - Manny Moe & Jack's E10 for the fiscal year that ended in Jan14 is calculated as:

For example, Pep Boys - Manny Moe & Jack's adjusted earnings per share data for the three months ended in Apr. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Apr. 2014*CPI of Current
=0.03/237.072*239.556
=0.030

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 239.556.

Pep Boys - Manny Moe & Jack Quarterly Data

201201201204201207201210201301201304201307201310201401201404
per share eps -0.0830.0200.610-0.130-0.2720.0700.1000.020-0.0620.030
CPI 226.665230.085229.104231.317230.280232.531233.596233.546233.916237.072
Adj_EPS -0.0880.0210.638-0.135-0.2830.0720.1030.021-0.0630.030
200907200910201001201004201007201010201101201104201107201110
per share eps 0.1500.0400.0430.2300.2000.1100.1570.2300.2600.130
CPI 215.351216.177216.687218.009218.011218.711220.223224.906225.922226.421
Adj_EPS 0.1670.0440.0480.2530.2200.1200.1710.2450.2760.138
200807200810200901200904
per share eps 0.100-0.140-0.6370.210
CPI 219.964216.573211.143213.240
Adj_EPS 0.109-0.155-0.7230.236

Add all the adjusted EPS together and divide 6 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.

Pep Boys - Manny Moe & Jack Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ShillerPE 125.46-265.03155.43-72.66-6.98-37.31-72.31444.47137.5847.43

Pep Boys - Manny Moe & Jack Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
ShillerPE 444.47376.6667.0365.26137.58141.31148.4568.9447.4341.72
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