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Baidu (HKSE:09888) Shiller PE Ratio : 14.75 (As of May. 03, 2024)


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What is Baidu Shiller PE Ratio?

As of today (2024-05-03), Baidu's current share price is HK$110.00. Baidu's E10 for the quarter that ended in Dec. 2023 was HK$7.46. Baidu's Shiller PE Ratio for today is 14.75.

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

HKSE:09888' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.53   Med: 35.21   Max: 117.78
Current: 14.65

During the past years, Baidu's highest Shiller PE Ratio was 117.78. The lowest was 10.53. And the median was 35.21.

HKSE:09888's Shiller PE Ratio is ranked better than
70.56% of 180 companies
in the Interactive Media industry
Industry Median: 24.185 vs HKSE:09888: 14.65

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.

Baidu's adjusted earnings per share data for the three months ended in Dec. 2023 was HK$0.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$7.46 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baidu Shiller PE Ratio Historical Data

The historical data trend for Baidu'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.

Baidu Shiller PE Ratio Chart

Baidu 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 19.02 28.96 19.47 15.28 15.56

Baidu Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.28 19.84 17.97 17.33 15.56

Competitive Comparison of Baidu's Shiller PE Ratio

For the Internet Content & Information subindustry, Baidu'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.


Baidu's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baidu's Shiller PE Ratio distribution charts can be found below:

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



Baidu 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.

Baidu's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=110.00/7.46
=14.75

* 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.

Baidu's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Baidu's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.93/114.6694*114.6694
=0.930

Current CPI (Dec. 2023) = 114.6694.

Baidu Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 1.134 98.600 1.319
201406 1.569 98.200 1.832
201409 1.737 98.900 2.014
201412 1.411 99.000 1.634
201503 1.050 99.900 1.205
201506 1.591 99.500 1.834
201509 1.205 100.500 1.375
201512 10.653 100.600 12.143
201603 0.803 102.200 0.901
201606 0.967 101.400 1.094
201609 1.236 102.400 1.384
201612 1.597 102.600 1.785
201703 0.652 103.200 0.724
201706 1.620 103.100 1.802
201709 3.575 104.100 3.938
201712 1.834 104.500 2.012
201803 2.898 105.300 3.156
201806 2.752 104.900 3.008
201809 5.038 106.600 5.419
201812 0.842 106.500 0.907
201903 -0.143 107.700 -0.152
201906 0.932 107.700 0.992
201909 -2.530 109.800 -2.642
201912 2.539 111.200 2.618
202003 0.011 112.300 0.011
202006 1.412 110.400 1.467
202009 5.656 111.700 5.806
202012 2.229 111.500 2.292
202103 10.996 112.662 11.192
202106 -0.254 111.769 -0.261
202109 -7.255 112.215 -7.414
202112 0.686 113.108 0.695
202203 -0.444 114.335 -0.445
202206 1.465 114.558 1.466
202209 -0.123 115.339 -0.122
202212 1.898 115.116 1.891
202303 2.267 115.116 2.258
202306 1.936 114.558 1.938
202309 2.446 115.339 2.432
202312 0.930 114.669 0.930

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.


Baidu  (HKSE:09888) 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.


Baidu Shiller PE Ratio Related Terms

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


Baidu (HKSE:09888) Business Description

Address
No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

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