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National Bankshares Shiller PE Ratio

: 15.25 (As of Today)
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As of today (2019-10-15), National Bankshares's current share price is $38.90. National Bankshares's E10 for the quarter that ended in Jun. 2019 was $2.55. National Bankshares's Shiller P/E Ratio for today is 15.25.

NAS:NKSH' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.27   Max: 19.68
Current: 15.24

11.27
19.68

During the past years, National Bankshares's highest Shiller P/E Ratio was 19.68. The lowest was 11.27. And the median was 14.94.

NAS:NKSH's Shiller PE Ratio is ranked higher than
50% of the 703 Companies
in the Banks industry.

( Industry Median: 15.24 vs. NAS:NKSH: 15.24 )

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.

National Bankshares's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.55 for the trailing ten years ended in Jun. 2019.


National Bankshares Shiller PE Ratio Historical Data

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

* Premium members only.

National Bankshares Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.33 15.19 18.03 18.61 14.61

National Bankshares Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 18.67 18.11 14.61 16.97 15.24

Competitive Comparison
* 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.


National Bankshares Shiller PE Ratio Distribution

* The bar in red indicates where National Bankshares's Shiller PE Ratio falls into.



National Bankshares Shiller PE Ratio Calculation

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.

National Bankshares's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=38.90/2.55
=15.25

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

National Bankshares's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, National Bankshares's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.61/256.143*256.143
=0.610

Current CPI (Jun. 2019) = 256.143.

National Bankshares Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.540 215.969 0.640
200912 0.540 215.949 0.641
201003 0.540 217.631 0.636
201006 0.580 217.965 0.682
201009 0.580 218.439 0.680
201012 0.550 219.179 0.643
201103 0.580 223.467 0.665
201106 0.610 225.722 0.692
201109 0.650 226.889 0.734
201112 0.700 225.672 0.795
201203 0.640 229.392 0.715
201206 0.620 229.478 0.692
201209 0.620 231.407 0.686
201212 0.670 229.601 0.747
201303 0.600 232.773 0.660
201306 0.640 233.504 0.702
201309 0.650 234.149 0.711
201312 0.660 233.049 0.725
201403 0.630 236.293 0.683
201406 0.590 238.343 0.634
201409 0.610 238.031 0.656
201412 0.590 234.812 0.644
201503 0.570 236.119 0.618
201506 0.590 238.638 0.633
201509 0.600 237.945 0.646
201512 0.510 236.525 0.552
201603 0.540 238.132 0.581
201606 0.560 241.018 0.595
201609 0.550 241.428 0.584
201612 0.500 241.432 0.530
201703 0.520 243.801 0.546
201706 0.510 244.955 0.533
201709 0.540 246.819 0.560
201712 0.440 246.524 0.457
201803 0.470 249.554 0.482
201806 0.580 251.989 0.590
201809 0.610 252.439 0.619
201812 0.660 251.233 0.673
201903 0.650 254.202 0.655
201906 0.610 256.143 0.610

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


  (:) 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.


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