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BK (Bank of New York Mellon) Shiller PE Ratio : 17.13 (As of Oct. 31, 2024)


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What is Bank of New York Mellon Shiller PE Ratio?

As of today (2024-10-31), Bank of New York Mellon's current share price is $75.36. Bank of New York Mellon's E10 for the quarter that ended in Jun. 2024 was $4.40. Bank of New York Mellon's Shiller PE Ratio for today is 17.13.

The historical rank and industry rank for Bank of New York Mellon's Shiller PE Ratio or its related term are showing as below:

BK' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.63   Med: 17.08   Max: 28.22
Current: 17.13

During the past years, Bank of New York Mellon's highest Shiller PE Ratio was 28.22. The lowest was 9.63. And the median was 17.08.

BK's Shiller PE Ratio is ranked worse than
82.36% of 1168 companies
in the Banks industry
Industry Median: 10.885 vs BK: 17.13

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.

Bank of New York Mellon's adjusted earnings per share data for the three months ended in Jun. 2024 was $1.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.40 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of New York Mellon Shiller PE Ratio Historical Data

The historical data trend for Bank of New York Mellon'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.

Bank of New York Mellon Shiller PE Ratio Chart

Bank of New York Mellon 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 16.69 13.27 16.16 11.81 12.52

Bank of New York Mellon Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 10.16 12.52 13.45 13.62 -

Competitive Comparison of Bank of New York Mellon's Shiller PE Ratio

For the Banks - Diversified subindustry, Bank of New York Mellon'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.


Bank of New York Mellon's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of New York Mellon's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bank of New York Mellon's Shiller PE Ratio falls into.



Bank of New York Mellon 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.

Bank of New York Mellon's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=75.36/4.4
=17.13

* 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.

Bank of New York Mellon's E10 for the quarter that ended in Jun. 2024 is calculated as:

For example, Bank of New York Mellon's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.52/132.5538*132.5538
=1.520

Current CPI (Jun. 2024) = 132.5538.

Bank of New York Mellon Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201409 0.930 100.428 1.227
201412 0.180 99.070 0.241
201503 0.670 99.621 0.891
201506 0.730 100.684 0.961
201509 0.740 100.392 0.977
201512 0.570 99.792 0.757
201603 0.730 100.470 0.963
201606 0.750 101.688 0.978
201609 0.900 101.861 1.171
201612 0.770 101.863 1.002
201703 0.830 102.862 1.070
201706 0.880 103.349 1.129
201709 0.940 104.136 1.197
201712 1.080 104.011 1.376
201803 1.100 105.290 1.385
201806 1.030 106.317 1.284
201809 1.060 106.507 1.319
201812 0.840 105.998 1.050
201903 0.940 107.251 1.162
201906 1.010 108.070 1.239
201909 1.070 108.329 1.309
201912 1.520 108.420 1.858
202003 1.050 108.902 1.278
202006 1.010 108.767 1.231
202009 0.980 109.815 1.183
202012 0.790 109.897 0.953
202103 0.970 111.754 1.151
202106 1.130 114.631 1.307
202109 1.040 115.734 1.191
202112 1.010 117.630 1.138
202203 0.860 121.301 0.940
202206 1.030 125.017 1.092
202209 0.390 125.227 0.413
202212 0.620 125.222 0.656
202303 1.130 127.348 1.176
202306 1.310 128.729 1.349
202309 1.220 129.860 1.245
202312 0.330 129.419 0.338
202403 1.250 131.776 1.257
202406 1.520 132.554 1.520

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.


Bank of New York Mellon  (NYSE:BK) 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.


Bank of New York Mellon Shiller PE Ratio Related Terms

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


Bank of New York Mellon Business Description

Address
240 Greenwich Street, New York, NY, USA, 10286
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with $47.8 trillion in under custody or administration (as of Dec. 31, 2023), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.0 trillion in assets.
Executives
Hanneke Smits officer: Sr. Exec. Vice President 160 QUEEN VICTORIA STREET, THE BANK OF NEW YORK MELLON CENTRE, LONDON X0 EC4V 4LA
Senthilkumar Santhanakrishnan officer: Senior Exec VP 240 GREENWICH STREET, NEW YORK NY 10286
Kurtis R. Kurimsky officer: Acting Controller 225 LIBERTY STREET, NEW YORK NY 10286
J Kevin Mccarthy director, officer: SEVP & General Counsel THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Catherine Keating officer: Sr. Exec. Vice President 75 STATE ST, BOSTON MA 02109
Jayee Koffey officer: Sr. Exec. Vice President 240 GREENWICH STREET, NEW YORK NY 10286
Dermot Mcdonogh officer: Sr. Executive Vice President 240 GREENWICH STREET, NEW YORK NY 10286
Thomas P Gibbons officer: Sr. Executive Vice President THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Sandie O'connor director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
La Salla Francis J. officer: Sr. Executive Vice President 101 BARCLAY STREET, NEW YORK NY 10286
Jeffrey D Landau officer: Sr. Exec Vice President 200 PARK AVENUE, NEW YORK NY 10166
Marguerite Amy Gilliland director 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kumara Guru Gowrappan director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robin A. Vince officer: Vice Chair 240 GREENWICH STREET, `, NEW YORK NY 10286
Ralph Izzo director PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194