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GuruFocus has detected 4 Warning Signs with Cabela's Inc $CAB.
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Cabela's Inc (NYSE:CAB)
Shiller PE Ratio
24.73 (As of Today)

As of today, Cabela's Inc's current share price is $53.16. Cabela's Inc's E10 for the quarter that ended in Mar. 2017 was $2.15. Cabela's Inc's Shiller P/E Ratio for today is 24.73.

CAB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 16.97   Max: 45.75
Current: 24.72

16.97
45.75

During the past 13 years, Cabela's Inc's highest Shiller P/E Ratio was 45.75. The lowest was 16.97. And the median was 29.00.

CAB's Shiller PE Ratio is ranked lower than
57% of the 243 Companies
in the Global Specialty Retail industry.

( Industry Median: 20.72 vs. CAB: 24.72 )

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.

Cabela's Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was $0.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.15 for the trailing ten years ended in Mar. 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.

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

Shiller P/E Ratio=Share Price/E10
=53.16/2.15
=24.73

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

Cabela's Inc's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Cabela's Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=0.28/243.985*243.985
=0.280

Current CPI (Mar. 2017) = 243.985.

Cabela's Inc Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 1.1000.3700.5600.6201.1300.3300.5500.4100.8400.280
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.985
Adj_EPS 1.1430.3820.5730.6361.1660.3380.5570.4140.8490.280
201206201209201212201303201306201309201312201403201406201409
per share eps 0.4700.6000.9500.7000.6200.7001.1200.3600.6100.750
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.5000.6331.0100.7340.6480.7291.1730.3720.6240.769
200912201003201006201009201012201103201106201109201112201203
per share eps 0.2500.1200.2600.2900.9500.2500.3100.4700.9800.400
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.2820.1350.2910.3241.0580.2730.3350.5051.0600.425
200706200709200712200803200806200809200812200903200906200909
per share eps 0.1700.2000.8400.1500.1100.1500.7400.0800.1400.280
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 0.1990.2340.9760.1710.1230.1670.8590.0920.1580.316

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.

Cabela's Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 0.000.000.000.000.0026.2539.3228.2623.1727.42

Cabela's Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 28.2629.3725.3823.0023.1723.9423.6925.8227.4224.70
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