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Peerless Systems Corp (NAS:PRLS)
Shiller P/E Ratio
12.89 (As of Today)

As of today, Peerless Systems Corp's current share price is \$6.96. Peerless Systems Corp's E10 for the quarter that ended in Oct. 2014 was \$0.54. Peerless Systems Corp's Shiller P/E Ratio for today is 12.89.

PRLS' s 10-Year Shiller P/E Ratio Range
Min: 5.52   Max: 65.25
Current: 12.94

5.52
65.25

During the past 13 years, Peerless Systems Corp's highest Shiller P/E Ratio was 65.25. The lowest was 5.52. And the median was 7.38.

PRLS's Shiller P/E Ratiois ranked higher than
96% of the 2302 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. PRLS: 12.94 )

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.

Peerless Systems Corp's adjusted earnings per share data for the three months ended in Oct. 2014 was \$1.467. 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 \$0.54 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.

Peerless Systems Corp's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 6.96 / 0.54 = 12.89

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

Peerless Systems Corp's E10 for the fiscal year that ended in Jan14 is calculated as:

For example, Peerless Systems Corp'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 = 1.49 / 237.433 * 233.808 = 1.467

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

Current CPI = 233.808.

Peerless Systems Corp Quarterly Data

 201207 201210 201301 201304 201307 201310 201401 201404 201407 201410 per share eps -0.09 0.43 0.074 0.04 -0.140 -0.100 -0.130 0.020 0.050 1.490 CPI 229.104 231.317 230.28 232.531 233.596 233.546 233.916 237.072 238.250 237.433 Adj_EPS -0.092 0.435 0.075 0.04 -0.140 -0.100 -0.130 0.020 0.049 1.467 201001 201004 201007 201010 201101 201104 201107 201110 201201 201204 per share eps 0.011 0.21 -0.01 0.04 0.050 0.110 -0.040 0.250 0.084 0.130 CPI 216.687 218.009 218.011 218.711 220.223 224.906 225.922 226.421 226.665 230.085 Adj_EPS 0.012 0.225 -0.011 0.043 0.053 0.114 -0.041 0.258 0.087 0.132 200901 200904 200907 200910 per share eps 0.229 0.09 0.12 0.21 CPI 211.143 213.24 215.351 216.177 Adj_EPS 0.254 0.099 0.13 0.227

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

Historical Data

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

Peerless Systems Corp Annual Data

 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 ShillerPE -3.15 -14.94 -12.02 57.80 8.65 7.25 7.07 7.51 6.09 8.92

Peerless Systems Corp Quarterly Data

 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 ShillerPE 7.71 6.55 6.09 5.83 6.80 7.12 8.92 13.61 12.82 8.61
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