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

As of today, Pier 1 Imports Inc's current share price is $5.44. Pier 1 Imports Inc's E10 for the quarter that ended in Feb. 2016 was $0.11. Pier 1 Imports Inc's Shiller P/E Ratio for today is 49.45.

PIR' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 0.73   Max: 1970
Current: 50.13

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 64.83.

PIR's Shiller P/E Ratio is ranked lower than
88% of the 235 Companies
in the Global Specialty Retail industry.

( Industry Median: 18.83 vs. PIR: 50.13 )

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 Feb. 2016 was $0.229. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.11 for the trailing ten years ended in Feb. 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.

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

Shiller P/E Ratio=Share Price/E10
=5.44/0.11
=49.45

* 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 Feb16 is calculated as:

For example, Pier 1 Imports Inc's adjusted earnings per share data for the three months ended in Feb. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=0.229/237.111*237.111
=0.229

Current CPI (Feb. 2016) = 237.111.

Pier 1 Imports Inc Quarterly Data

201311201402201405201408201411201502201505201508201511201602
per share eps 0.2600.4090.1600.1000.2000.3700.0800.0400.1300.229
CPI 233.069234.781237.900237.852236.151234.722237.805238.316237.336237.111
Adj_EPS 0.2650.4130.1590.1000.2010.3740.0800.0400.1300.229
201105201108201111201202201205201208201211201302201305201308
per share eps 0.1200.1400.2101.0370.1600.2400.2200.5740.1900.170
CPI 225.964226.545226.230227.663229.815230.379230.221232.166232.945233.877
Adj_EPS 0.1260.1470.2201.0800.1650.2470.2270.5860.1930.172
200811200902200905200908200911201002201005201008201011201102
per share eps -0.410-0.3290.320-0.1700.3700.2980.0700.1200.1800.482
CPI 212.425212.193213.856215.834216.330216.741218.178218.312218.803221.309
Adj_EPS -0.458-0.3680.355-0.1870.4060.3260.0760.1300.1950.516
200605200608200611200702200705200708200711200802200805200808
per share eps -0.270-0.840-0.830-0.669-0.640-0.490-0.1100.155-0.370-0.340
CPI 202.500203.900201.500203.499207.949207.917210.177211.693216.632219.086
Adj_EPS -0.316-0.977-0.977-0.779-0.730-0.559-0.1240.174-0.405-0.368

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

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
ShillerPE 11.9413.501.4545.61100.80142.74331.253,020.092,691.7345.57

Pier 1 Imports Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
ShillerPE 661.273,020.092,944.7217,686.220.002,691.73427.76211.1795.3845.57
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