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Peapack Gladstone Financial Corp  (NAS:PGC) Shiller PE Ratio: 19.31 (As of Today)

As of today, Peapack Gladstone Financial Corp's current share price is $27.81. Peapack Gladstone Financial Corp's E10 for the quarter that ended in Mar. 2019 was $1.44. Peapack Gladstone Financial Corp's Shiller P/E Ratio for today is 19.31.

NAS:PGC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.22   Max: 44.64
Current: 19.34

10.22
44.64

During the past years, Peapack Gladstone Financial Corp's highest Shiller P/E Ratio was 44.64. The lowest was 10.22. And the median was 21.73.

NAS:PGC's Shiller PE Ratio is ranked lower than
86% of the 672 Companies
in the Global industry.

( Industry Median: 17.52 vs. NAS:PGC: 19.34 )

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.

Peapack Gladstone Financial Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.44 for the trailing ten years ended in Mar. 2019.


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.

Peapack Gladstone Financial Corp 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 23.81 27.94 39.93 42.11 18.22

Peapack Gladstone Financial Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 38.87 39.22 34.64 18.22 18.26

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.


Peapack Gladstone Financial Corp Distribution

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



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.

Peapack Gladstone Financial Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=27.81/1.44
=19.31

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

Peapack Gladstone Financial Corp's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Peapack Gladstone Financial Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.58/254.202*254.202
=0.580

Current CPI (Mar. 2019) = 254.202.

Peapack Gladstone Financial Corp Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.170 215.693 0.200
200909 0.100 215.969 0.118
200912 0.110 215.949 0.129
201003 0.160 217.631 0.187
201006 0.160 217.965 0.187
201009 0.180 218.439 0.209
201012 0.180 219.179 0.209
201103 0.180 223.467 0.205
201106 0.220 225.722 0.248
201109 0.580 226.889 0.650
201112 0.270 225.672 0.304
201203 0.300 229.392 0.332
201206 0.310 229.478 0.343
201209 0.320 231.407 0.352
201212 0.120 229.601 0.133
201303 0.320 232.773 0.349
201306 0.220 233.504 0.240
201309 0.220 234.149 0.239
201312 0.250 233.049 0.273
201403 0.260 236.293 0.280
201406 0.320 238.343 0.341
201409 0.320 238.031 0.342
201412 0.320 234.812 0.346
201503 0.330 236.119 0.355
201506 0.340 238.638 0.362
201509 0.350 237.945 0.374
201512 0.280 236.525 0.301
201603 0.340 238.132 0.363
201606 0.400 241.018 0.422
201609 0.430 241.428 0.453
201612 0.430 241.432 0.453
201703 0.460 243.801 0.480
201706 0.450 244.955 0.467
201709 0.560 246.819 0.577
201712 0.560 246.524 0.577
201803 0.570 249.554 0.581
201806 0.620 251.989 0.625
201809 0.560 252.439 0.564
201812 0.550 251.233 0.556
201903 0.580 254.202 0.580

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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