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Pier 1 Imports Inc (NYSE:PIR)
Shiller P/E Ratio
57.86 (As of Today)

As of today, Pier 1 Imports Inc's current share price is $4.05. Pier 1 Imports Inc's E10 for the quarter that ended in Nov. 2015 was $0.07. Pier 1 Imports Inc's Shiller P/E Ratio for today is 57.86.

PIR' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 0.73   Max: 1970
Current: 57.21

0.73
1970

During the past 13 years, Pier 1 Imports Inc's highest Shiller P/E Ratio was 1970.00. The lowest was 0.73. And the median was 64.00.

PIR's Shiller P/E Ratio is ranked lower than
89% of the 356 Companies
in the Global Specialty Retail industry.

( Industry Median: 19.41 vs. PIR: 57.21 )

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.

Pier 1 Imports Inc's adjusted earnings per share data for the three months ended in Nov. 2015 was $0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.07 for the trailing ten years ended in Nov. 2015.


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.

Pier 1 Imports Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=4.05/0.07
=57.86

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

Pier 1 Imports Inc's E10 for the fiscal year that ended in Feb15 is calculated as:

For example, Pier 1 Imports Inc's adjusted earnings per share data for the three months ended in Nov. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Nov. 2015 (Change)*Current CPI (Nov. 2015)
=0.13/237.336*237.336
=0.130

Current CPI (Nov. 2015) = 237.336.

Pier 1 Imports Inc Quarterly Data

201308201311201402201405201408201411201502201505201508201511
per share eps 0.1700.2600.4000.1600.1000.2000.3700.0800.0400.130
CPI 233.877233.069234.781237.900237.852236.151234.722237.805238.316237.336
Adj_EPS 0.1730.2650.4040.1600.1000.2010.3740.0800.0400.130
201102201105201108201111201202201205201208201211201302201305
per share eps 0.4800.1200.1400.2101.0100.1600.2400.2200.5800.190
CPI 221.309225.964226.545226.230227.663229.815230.379230.221232.166232.945
Adj_EPS 0.5150.1260.1470.2201.0530.1650.2470.2270.5930.194
200808200811200902200905200908200911201002201005201008201011
per share eps -0.340-0.410-0.3300.320-0.1700.3700.3100.0700.1200.180
CPI 219.086212.425212.193213.856215.834216.330216.741218.178218.312218.803
Adj_EPS -0.368-0.458-0.3690.355-0.1870.4060.3390.0760.1300.195
200602200605200608200611200702200705200708200711200802200805
per share eps -0.120-0.270-0.840-0.830-0.660-0.640-0.490-0.1100.160-0.370
CPI 198.700202.500203.900201.500203.499207.949207.917210.177211.693216.632
Adj_EPS -0.143-0.316-0.978-0.978-0.770-0.730-0.559-0.1240.179-0.405

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 own currency.

Pier 1 Imports Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
ShillerPE 11.6811.8813.361.4144.0997.44141.40317.623,066.452,416.79

Pier 1 Imports Inc Quarterly Data

Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15
ShillerPE 396.55603.723,066.453,026.7220,003.080.002,416.79420.83208.8395.51
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