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

As of today, Pep Boys - Manny Moe & Jack's current share price is $9.27. Pep Boys - Manny Moe & Jack's E10 for the quarter that ended in Oct. 2014 was $0.25. Pep Boys - Manny Moe & Jack's Shiller P/E Ratio for today is 37.08.

PBY' s 10-Year Shiller P/E Ratio Range
Min: 33.72   Max: 726
Current: 37.1

33.72
726

During the past 13 years, Pep Boys - Manny Moe & Jack's highest Shiller P/E Ratio was 726.00. The lowest was 33.72. And the median was 149.70.

PBY's Shiller P/E Ratiois ranked higher than
75% of the 1451 Companies
in the Global Auto Parts industry.

( Industry Median: 40.11 vs. PBY: 37.10 )

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.

Pep Boys - Manny Moe & Jack's adjusted earnings per share data for the three months ended in Oct. 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 $0.25 for the trailing six years ended in Oct. 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
=9.27/0.25
=37.08

* 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 Oct. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2014*CPI of Current
=-0.03/237.433*233.808
=-0.030

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 233.808.

Pep Boys - Manny Moe & Jack Quarterly Data

201207201210201301201304201307201310201401201404201407201410
per share eps 0.610-0.130-0.2720.0700.1000.020-0.0620.0300.000-0.030
CPI 229.104231.317230.280232.531233.596233.546233.916237.072238.250237.433
Adj_EPS 0.623-0.131-0.2760.0700.1000.020-0.0620.0300.000-0.030
201001201004201007201010201101201104201107201110201201201204
per share eps 0.0430.2300.2000.1100.1570.2300.2600.130-0.0830.020
CPI 216.687218.009218.011218.711220.223224.906225.922226.421226.665230.085
Adj_EPS 0.0460.2470.2140.1180.1670.2390.2690.134-0.0860.020
200901200904200907200910
per share eps -0.6370.2100.1500.040
CPI 211.143213.240215.351216.177
Adj_EPS -0.7050.2300.1630.043

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 124.46-265.03155.53-72.66-6.98-37.31-72.31463.29142.4048.06

Pep Boys - Manny Moe & Jack Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ShillerPE 67.7165.77142.40146.08151.9469.5448.0642.680.0038.12
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