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University Bancorp Inc (OTCPK:UNIB)
Shiller P/E Ratio
0.00 (As of Today)

As of today, University Bancorp Inc's current share price is $7.49. University Bancorp Inc's E10 for the quarter that ended in Sep. 2008 was $0.00. University Bancorp Inc's Shiller P/E Ratio for today is 0.00.

UNIB' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 0
Current: 0

UNIB's Shiller P/E Ratiois ranked lower than
63% of the 1093 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.35 vs. UNIB: 0.00 )

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.

University Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2008 was $0.033. 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 Sep. 2008.


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.

University Bancorp Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=7.49/0.00
=

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

University Bancorp Inc's E10 for the fiscal year that ended in Dec07 is calculated as:

For example, University Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2008 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2008*CPI of Current
=0.03/218.783*238.064
=0.033

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

Current CPI = 238.064.

University Bancorp Inc Quarterly Data

200606200609200612200703200706200709200712200803200806200809
per share eps -0.060-0.030-0.0100.0400.210-0.010-0.0900.0600.0200.030
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS -0.070-0.035-0.0120.0460.240-0.011-0.1020.0670.0220.033
200312200403200406200409200412200503200506200509200512200603
per share eps -0.030-0.050-0.020-0.050-0.0200.040-0.0200.0000.4500.000
CPI 184.300187.400189.700189.900190.300193.300194.500198.800196.800199.800
Adj_EPS -0.039-0.064-0.025-0.063-0.0250.049-0.0240.0000.5440.000
200212200303200306200309
per share eps 0.1000.0200.0000.030
CPI 180.900184.200183.700185.200
Adj_EPS 0.1320.0260.0000.039

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.

University Bancorp Inc Annual Data

Dec98Dec99Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07
ShillerPE 0.000.00-2.87-2.93-2.32-13.10-8.76-55.1243.4320.29

University Bancorp Inc Quarterly Data

Jun06Sep06Dec06Mar07Jun07Sep07Dec07Mar08Jun08Sep08
ShillerPE 140.31207.3243.4335.2920.6415.9020.2916.5213.7414.32
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