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Lazard Shiller PE Ratio

: 10.49 (As of Today)
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As of today (2020-09-27), Lazard's current share price is $31.17. Lazard's E10 for the quarter that ended in Jun. 2020 was $2.97. Lazard's Shiller PE Ratio for today is 10.49.

NYSE:LAZ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.71   Med: 20.5   Max: 39.91
Current: 10.51

7.71
39.91

During the past years, Lazard's highest Shiller PE Ratio was 39.91. The lowest was 7.71. And the median was 20.50.

NYSE:LAZ's Shiller PE Ratio is ranked higher than
66% of the 412 Companies
in the Capital Markets industry.

( Industry Median: 16.25 vs. NYSE:LAZ: 10.51 )

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.

Lazard's adjusted earnings per share data for the three months ended in Jun. 2020 was $0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.97 for the trailing ten years ended in Jun. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lazard 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.

Lazard Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.28 20.55 27.68 15.98 14.11

Lazard Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 13.53 13.78 14.11 8.08 9.65

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.


Lazard Shiller PE Ratio Distribution

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



Lazard 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.

Lazard's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=31.17/2.97
=10.49

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

Lazard's E10 for the quarter that ended in Jun. 2020 is calculated as:

For example, Lazard's adjusted earnings per share data for the three months ended in Jun. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=0.66/109.3175*109.3175
=0.660

Current CPI (Jun. 2020) = 109.3175.

Lazard Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201009 0.510 92.277 0.604
201012 0.780 92.914 0.918
201103 0.430 94.890 0.495
201106 0.480 95.319 0.550
201109 0.490 95.529 0.561
201112 -0.050 95.632 -0.057
201203 0.200 97.075 0.225
201206 0.240 96.661 0.271
201209 0.260 97.595 0.291
201212 -0.050 97.158 -0.056
201303 0.120 98.107 0.134
201306 0.240 98.557 0.266
201309 0.450 98.536 0.499
201312 0.400 98.692 0.443
201403 0.610 100.023 0.667
201406 0.640 100.520 0.696
201409 0.670 100.176 0.731
201412 1.290 98.604 1.430
201503 0.420 99.824 0.460
201506 2.820 100.691 3.062
201509 2.990 100.346 3.257
201512 1.180 99.957 1.290
201603 0.500 100.947 0.541
201606 0.610 101.524 0.657
201609 0.850 101.988 0.911
201612 0.960 102.456 1.024
201703 0.810 103.167 0.858
201706 0.910 103.278 0.963
201709 0.820 104.070 0.861
201712 -0.700 104.578 -0.732
201803 1.210 105.708 1.251
201806 1.130 106.324 1.162
201809 0.820 106.695 0.840
201812 0.890 106.200 0.916
201903 0.800 107.818 0.811
201906 0.550 108.250 0.555
201909 0.400 108.577 0.403
201912 0.670 108.841 0.673
202003 0.560 108.173 0.566
202006 0.660 109.318 0.660

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.


Lazard  (NYSE:LAZ) 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.


Lazard Shiller PE Ratio Related Terms


Lazard Shiller PE Ratio Headlines

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