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Toll Brothers Inc (NYSE:TOL)
Shiller P/E Ratio
(As of Today)

As of today, Toll Brothers Inc's current share price is $36.07. Toll Brothers Inc's E10 for the quarter that ended in Jul. 2015 was $0.00. Toll Brothers Inc's Shiller P/E Ratio for today is .

TOL' s 10-Year Shiller P/E Ratio Range
Min: 6.41   Max: 709
Current: 78.46

6.41
709

During the past 13 years, Toll Brothers Inc's highest Shiller P/E Ratio was 709.00. The lowest was 6.41. And the median was 16.45.

TOL's Shiller P/E Ratiois ranked lower than
88% of the 220 Companies
in the Global Residential Construction industry.

( Industry Median: 20.79 vs. TOL: 78.46 )

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.

Toll Brothers Inc's adjusted earnings per share data for the three months ended in Jul. 2015 was $0.000. 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 Jul. 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.

Toll Brothers Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=36.07/0.00
=

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

Toll Brothers Inc's E10 for the fiscal year that ended in Oct14 is calculated as:

For example, Toll Brothers Inc's adjusted earnings per share data for the three months ended in Jul. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jul. 2015*CPI of Current
=0/238.654*238.662
=0.000

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

Current CPI = 238.662.

Toll Brothers Inc Quarterly Data

201304201307201310201401201404201407201410201501201504201507
per share eps 0.1400.2600.5330.2500.3500.5300.7080.4400.3700.000
CPI 232.531233.596233.546233.916237.072238.250237.433233.707236.599238.654
Adj_EPS 0.1440.2660.5450.2550.3520.5310.7120.4490.3730.000
201010201101201104201107201110201201201204201207201210201301
per share eps 0.3040.020-0.1200.2500.090-0.0200.1000.3602.3540.030
CPI 218.711220.223224.906225.922226.421226.665230.085229.104231.317230.280
Adj_EPS 0.3320.022-0.1270.2640.095-0.0210.1040.3752.4290.031
200910201001201004201007
per share eps -0.683-0.250-0.2400.160
CPI 216.177216.687218.009218.011
Adj_EPS -0.754-0.275-0.2630.175

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.

Toll Brothers Inc Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
ShillerPE 16.2410.268.5610.6816.6532.113.874.130.00263.27

Toll Brothers Inc Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
ShillerPE 0.000.000.000.000.000.00263.27117.3477.310.00
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