GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (OTCPK:FNLIF) » Definitions » Shiller PE Ratio

First National Financial (First National Financial) Shiller PE Ratio : 10.22 (As of May. 06, 2024)


View and export this data going back to 2013. Start your Free Trial

What is First National Financial Shiller PE Ratio?

As of today (2024-05-06), First National Financial's current share price is $26.6842. First National Financial's E10 for the quarter that ended in Mar. 2024 was $2.61. First National Financial's Shiller PE Ratio for today is 10.22.

The historical rank and industry rank for First National Financial's Shiller PE Ratio or its related term are showing as below:

FNLIF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.21   Med: 13.35   Max: 20.29
Current: 10.65

During the past years, First National Financial's highest Shiller PE Ratio was 20.29. The lowest was 9.21. And the median was 13.35.

FNLIF's Shiller PE Ratio is ranked worse than
52.42% of 1137 companies
in the Banks industry
Industry Median: 10.4 vs FNLIF: 10.65

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.

First National Financial's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.606. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First National Financial Shiller PE Ratio Historical Data

The historical data trend for First National Financial'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.

First National Financial Shiller PE Ratio Chart

First National Financial 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 15.66 16.04 14.29 11.39 11.35

First National Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 11.71 11.50 10.53 11.35 11.01

Competitive Comparison of First National Financial's Shiller PE Ratio

For the Mortgage Finance subindustry, First National Financial'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.


First National Financial's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First National Financial's Shiller PE Ratio distribution charts can be found below:

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



First National Financial 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.

First National Financial's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=26.6842/2.61
=10.22

* 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.

First National Financial's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, First National Financial's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.606/125.4675*125.4675
=0.606

Current CPI (Mar. 2024) = 125.4675.

First National Financial Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.406 99.473 0.512
201409 0.509 99.394 0.643
201412 0.232 98.367 0.296
201503 -0.071 99.789 -0.089
201506 0.550 100.500 0.687
201509 0.347 100.421 0.434
201512 0.479 99.947 0.601
201603 0.446 101.054 0.554
201606 0.520 102.002 0.640
201609 0.641 101.765 0.790
201612 0.883 101.449 1.092
201703 0.433 102.634 0.529
201706 0.850 103.029 1.035
201709 0.782 103.345 0.949
201712 0.587 103.345 0.713
201803 0.456 105.004 0.545
201806 0.579 105.557 0.688
201809 0.652 105.636 0.774
201812 0.391 105.399 0.465
201903 0.284 106.979 0.333
201906 0.542 107.690 0.631
201909 0.755 107.611 0.880
201912 0.607 107.769 0.707
202003 -0.036 107.927 -0.042
202006 0.620 108.401 0.718
202009 0.907 108.164 1.052
202012 0.890 108.559 1.029
202103 0.692 110.298 0.787
202106 0.704 111.720 0.791
202109 0.616 112.905 0.685
202112 0.538 113.774 0.593
202203 0.695 117.646 0.741
202206 0.789 120.806 0.819
202209 0.495 120.648 0.515
202212 0.513 120.964 0.532
202303 0.424 122.702 0.434
202306 1.106 124.203 1.117
202309 1.020 125.230 1.022
202312 0.537 125.468 0.537
202403 0.606 125.468 0.606

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.


First National Financial  (OTCPK:FNLIF) 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.


First National Financial Shiller PE Ratio Related Terms

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


First National Financial (First National Financial) Business Description

Address
16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6
First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.

First National Financial (First National Financial) Headlines