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Stewart Enterprises, Inc. (NAS:STEI)
Shiller P/E Ratio
38.14 (As of Today)

As of today, Stewart Enterprises, Inc.'s current share price is $13.25. Stewart Enterprises, Inc.'s E10 for the quarter that ended in Oct. 2013 was $0.00. Stewart Enterprises, Inc.'s Shiller P/E Ratio for today is 38.14.

STEI' s 10-Year Shiller P/E Ratio Range
Min: 16.27   Max: 108
Current: 38.14

16.27
108

During the past 13 years, Stewart Enterprises, Inc.'s highest Shiller P/E Ratio was 108.00. The lowest was 16.27. And the median was 27.41.

STEI's Shiller P/E Ratiois ranked lower than
76% of the 34 Companies
in the Global Personal Services industry.

( Industry Median: 26.70 vs. STEI: 38.14 )

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.

Stewart Enterprises, Inc.'s adjusted earnings per share data for the three months ended in Oct. 2013 was $0.062. 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 $0.00 for the trailing six years ended in Oct. 2013.


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.

Stewart Enterprises, Inc.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=13.25/0.00
=

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

Stewart Enterprises, Inc.'s E10 for the fiscal year that ended in Oct13 is calculated as:

For example, Stewart Enterprises, Inc.'s adjusted earnings per share data for the three months ended in Oct. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Oct. 2013*CPI of Current
=0.061/233.546*236.511
=0.062

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

Current CPI = 236.511.

Stewart Enterprises, Inc. Quarterly Data

201107201110201201201204201207201210201301201304201307201310
per share eps 0.1300.0960.1000.1000.1100.1050.1800.1400.1000.061
CPI 225.922226.421226.665230.085229.104231.317230.280232.531233.596233.546
Adj_EPS 0.1360.1000.1040.1030.1140.1070.1850.1420.1010.062
200901200904200907200910201001201004201007201010201101201104
per share eps 0.0600.1400.1200.0640.0800.0900.0600.0980.0900.110
CPI 211.143213.240215.351216.177216.687218.009218.011218.711220.223224.906
Adj_EPS 0.0670.1550.1320.0700.0870.0980.0650.1060.0970.116
200801200804200807200810
per share eps 0.0900.1500.100-0.389
CPI 211.080214.823219.964216.573
Adj_EPS 0.1010.1650.108-0.425

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.

Stewart Enterprises, Inc. Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
ShillerPE -13.29-8.72-9.4767.0272.0917.1123.0019.7223.260.00

Stewart Enterprises, Inc. Quarterly Data

Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13
ShillerPE 25.3319.7218.7519.3320.5623.2624.2726.0237.830.00
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