GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Shiller PE Ratio

CI Financial (CI Financial) Shiller PE Ratio : 7.40 (As of May. 08, 2024)


View and export this data going back to 2009. Start your Free Trial

What is CI Financial Shiller PE Ratio?

As of today (2024-05-08), CI Financial's current share price is $12.144. CI Financial's E10 for the quarter that ended in Dec. 2023 was $1.64. CI Financial's Shiller PE Ratio for today is 7.40.

The historical rank and industry rank for CI Financial's Shiller PE Ratio or its related term are showing as below:

CIXXF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.35   Med: 12.8   Max: 25.78
Current: 7.74

During the past years, CI Financial's highest Shiller PE Ratio was 25.78. The lowest was 5.35. And the median was 12.80.

CIXXF's Shiller PE Ratio is ranked better than
83.2% of 762 companies
in the Asset Management industry
Industry Median: 12.86 vs CIXXF: 7.74

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

CI Financial's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.298. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Financial Shiller PE Ratio Historical Data

The historical data trend for CI Financial's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CI Financial Shiller PE Ratio Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.49 7.93 12.41 5.95 6.89

CI Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.95 5.62 6.59 6.89 6.89

Competitive Comparison of CI Financial's Shiller PE Ratio

For the Asset Management subindustry, CI Financial's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CI Financial's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CI Financial's Shiller PE Ratio falls into.



CI Financial Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

CI Financial's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=12.144/1.64
=7.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CI Financial's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, CI Financial's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.298/125.4675*125.4675
=-0.298

Current CPI (Dec. 2023) = 125.4675.

CI Financial Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.387 98.604 0.492
201406 0.416 99.473 0.525
201409 0.436 99.394 0.550
201412 0.425 98.367 0.542
201503 0.404 99.789 0.508
201506 0.404 100.500 0.504
201509 0.384 100.421 0.480
201512 0.335 99.947 0.421
201603 0.318 101.054 0.395
201606 0.365 102.002 0.449
201609 0.389 101.765 0.480
201612 0.337 101.449 0.417
201703 0.411 102.634 0.502
201706 0.316 103.029 0.385
201709 0.489 103.345 0.594
201712 0.399 103.345 0.484
201803 0.456 105.004 0.545
201806 0.457 105.557 0.543
201809 0.476 105.636 0.565
201812 0.424 105.399 0.505
201903 0.434 106.979 0.509
201906 0.354 107.690 0.412
201909 0.453 107.611 0.528
201912 0.494 107.769 0.575
202003 0.387 107.927 0.450
202006 0.406 108.401 0.470
202009 0.461 108.164 0.535
202012 0.390 108.559 0.451
202103 0.469 110.298 0.534
202106 0.466 111.720 0.523
202109 0.174 112.905 0.193
202112 0.484 113.774 0.534
202203 0.553 117.646 0.590
202206 0.633 120.806 0.657
202209 0.060 120.648 0.062
202212 -0.022 120.964 -0.023
202303 0.117 122.702 0.120
202306 0.211 124.203 0.213
202309 -0.059 125.230 -0.059
202312 -0.298 125.468 -0.298

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


CI Financial  (OTCPK:CIXXF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


CI Financial Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of CI Financial's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CI Financial (CI Financial) Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.