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Brown-Forman Corp (NYSE:BF.B)
Shiller PE Ratio
32.82 (As of Today)

As of today, Brown-Forman Corp's current share price is $48.90. Brown-Forman Corp's E10 for the quarter that ended in Apr. 2017 was $1.49. Brown-Forman Corp's Shiller P/E Ratio for today is 32.82.

BF.B' s Shiller PE Ratio Range Over the Past 10 Years
Min: 18.8   Max: 47.54
Current: 33.26

18.8
47.54

During the past 13 years, Brown-Forman Corp's highest Shiller P/E Ratio was 47.54. The lowest was 18.80. And the median was 31.77.

BF.B's Shiller PE Ratio is ranked lower than
63% of the 63 Companies
in the Global Beverages - Wineries & Distilleries industry.

( Industry Median: 28.30 vs. BF.B: 33.26 )

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.

Brown-Forman Corp's adjusted earnings per share data for the three months ended in Apr. 2017 was $0.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.49 for the trailing ten years ended in Apr. 2017.


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.

Brown-Forman Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=48.90/1.49
=32.82

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Brown-Forman Corp's E10 for the fiscal year that ended in Apr17 is calculated as:

For example, Brown-Forman Corp's adjusted earnings per share data for the three months ended in Apr. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Apr. 2017 (Change)*Current CPI (Apr. 2017)
=0.37/244.524*244.524
=0.370

Current CPI (Apr. 2017) = 244.524.

Brown-Forman Corp Quarterly Data

201501201504201507201510201601201604201607201610201701201704
per share eps 0.4350.3300.3700.4900.4701.2800.3600.5000.4700.370
CPI 233.707236.599238.654237.838236.916239.261240.628241.729242.839244.524
Adj_EPS 0.4550.3410.3790.5040.4851.3080.3660.5060.4730.370
201207201210201301201304201307201310201401201404201407201410
per share eps 0.3450.4000.3650.2650.3300.4800.4100.3050.3500.485
CPI 229.104231.317230.280232.531233.596233.546233.916237.072238.250237.433
Adj_EPS 0.3680.4230.3880.2790.3450.5030.4290.3150.3590.499
201001201004201007201010201101201104201107201110201201201204
per share eps 0.2430.1630.2530.3500.3200.3770.2700.3650.3100.240
CPI 216.687218.009218.011218.711220.223224.906225.922226.421226.665230.085
Adj_EPS 0.2740.1830.2840.3910.3550.4100.2920.3940.3340.255
200707200710200801200804200807200810200901200904200907200910
per share eps 0.2050.2770.2500.2200.1930.3130.2700.1770.2700.330
CPI 208.299208.936211.080214.823219.964216.573211.143213.240215.351216.177
Adj_EPS 0.2410.3240.2900.2500.2150.3530.3130.2030.3070.373

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 local exchange's currency.

Brown-Forman Corp Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
ShillerPE 28.2523.1526.1027.1129.9733.9138.8138.0336.6131.72

Brown-Forman Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
ShillerPE 37.4138.0347.4444.8141.0136.6136.9833.2031.2931.72
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