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Netflix Shiller PE Ratio

: 310.58 (As of Today)
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As of today (2019-09-23), Netflix's current share price is $263.99. Netflix's E10 for the quarter that ended in Jun. 2019 was $0.85. Netflix's Shiller P/E Ratio for today is 310.58.

NAS:NFLX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 38.5   Max: 673.92
Current: 309.86

38.5
673.92

During the past years, Netflix's highest Shiller P/E Ratio was 673.92. The lowest was 38.50. And the median was 296.20.

NAS:NFLX's Shiller PE Ratio is ranked lower than
99% of the 146 Companies
in the Entertainment industry.

( Industry Median: 18.91 vs. NAS:NFLX: 309.86 )

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.

Netflix's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.85 for the trailing ten years ended in Jun. 2019.


Netflix 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.

Netflix 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 168.18 368.53 357.57 415.33 373.37

Netflix 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 641.20 534.43 373.37 449.25 430.90

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.


Netflix Shiller PE Ratio Distribution

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



Netflix 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.

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

Shiller P/E Ratio=Share Price/ E10
=263.99/0.85
=310.58

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

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

For example, Netflix'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)
=0.6/256.143*256.143
=0.600

Current CPI (Jun. 2019) = 256.143.

Netflix Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.074 215.969 0.088
200912 0.079 215.949 0.093
201003 0.084 217.631 0.099
201006 0.114 217.965 0.134
201009 0.100 218.439 0.117
201012 0.124 219.179 0.145
201103 0.159 223.467 0.182
201106 0.180 225.722 0.204
201109 0.166 226.889 0.187
201112 0.104 225.672 0.118
201203 -0.011 229.392 -0.013
201206 0.016 229.478 0.018
201209 0.019 231.407 0.021
201212 0.019 229.601 0.021
201303 0.007 232.773 0.008
201306 0.070 233.504 0.077
201309 0.074 234.149 0.081
201312 0.113 233.049 0.124
201403 0.123 236.293 0.133
201406 0.160 238.343 0.172
201409 0.140 238.031 0.151
201412 0.193 234.812 0.210
201503 0.050 236.119 0.054
201506 0.060 238.638 0.064
201509 0.070 237.945 0.075
201512 0.100 236.525 0.108
201603 0.060 238.132 0.065
201606 0.090 241.018 0.096
201609 0.120 241.428 0.127
201612 0.150 241.432 0.159
201703 0.400 243.801 0.420
201706 0.150 244.955 0.157
201709 0.290 246.819 0.301
201712 0.410 246.524 0.426
201803 0.640 249.554 0.657
201806 0.850 251.989 0.864
201809 0.890 252.439 0.903
201812 0.300 251.233 0.306
201903 0.760 254.202 0.766
201906 0.600 256.143 0.600

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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