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Air Industries Group (Air Industries Group) E10 : $-5.68 (As of Dec. 2023)


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What is Air Industries Group E10?

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.

Air Industries Group's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-5.68 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average E10 Growth Rate was 57.90% per year. During the past 5 years, the average E10 Growth Rate was 57.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Air Industries Group was 71.60% per year. The lowest was -172.50% per year. And the median was 48.75% per year.

As of today (2024-04-30), Air Industries Group's current stock price is $7.10. Air Industries Group's E10 for the quarter that ended in Dec. 2023 was $-5.68. Air Industries Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air Industries Group was 149.17. The lowest was 0.19. And the median was 4.61.


Air Industries Group E10 Historical Data

The historical data trend for Air Industries Group's E10 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.

Air Industries Group E10 Chart

Air Industries Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -152.61 -76.14 -3.56 -4.59 -5.68

Air Industries Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 -4.59 -4.75 -4.87 -5.55 -5.68

Competitive Comparison of Air Industries Group's E10

For the Aerospace & Defense subindustry, Air Industries Group'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.


Air Industries Group's Shiller PE Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Air Industries Group's Shiller PE Ratio falls into.



Air Industries Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get 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.

For example, Air Industries Group'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)
=0.06/129.4194*129.4194
=0.060

Current CPI (Dec. 2023) = 129.4194.

Air Industries Group Quarterly Data

per share eps CPI Adj_EPS
201403 0.600 99.695 0.779
201406 0.900 100.560 1.158
201409 0.500 100.428 0.644
201412 -1.100 99.070 -1.437
201503 0.100 99.621 0.130
201506 -0.800 100.684 -1.028
201509 0.400 100.392 0.516
201512 -0.900 99.792 -1.167
201603 -1.900 100.470 -2.447
201606 -0.400 101.688 -0.509
201609 -3.000 101.861 -3.812
201612 -15.200 101.863 -19.312
201703 1.500 102.862 1.887
201706 -3.600 103.349 -4.508
201709 -2.200 104.136 -2.734
201712 -12.500 104.011 -15.554
201803 -0.600 105.290 -0.738
201806 0.000 106.317 0.000
201809 -1.200 106.507 -1.458
201812 -2.400 105.998 -2.930
201903 -0.300 107.251 -0.362
201906 -0.300 108.070 -0.359
201909 0.000 108.329 0.000
201912 -0.400 108.420 -0.477
202003 0.300 108.902 0.357
202006 -0.500 108.767 -0.595
202009 -0.200 109.815 -0.236
202012 0.600 109.897 0.707
202103 -0.048 111.754 -0.056
202106 0.100 114.631 0.113
202109 -0.020 115.734 -0.022
202112 0.440 117.630 0.484
202203 -0.010 121.301 -0.011
202206 -0.002 125.017 -0.002
202209 -0.040 125.227 -0.041
202212 -0.280 125.222 -0.289
202303 -0.190 127.348 -0.193
202306 -0.120 128.729 -0.121
202309 -0.400 129.860 -0.399
202312 0.060 129.419 0.060

Add all the adjusted EPS together and divide 10 will get our e10.


Air Industries Group  (AMEX:AIRI) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

During the past 13 years, the highest Shiller P/E Ratio of Air Industries Group was 149.17. The lowest was 0.19. And the median was 4.61.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Air Industries Group E10 Related Terms

Thank you for viewing the detailed overview of Air Industries Group's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Air Industries Group (Air Industries Group) Business Description

Traded in Other Exchanges
Address
1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
Executives
Scott Glassman officer: CHIEF FINANCIAL OFFICER 1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Luciano M Melluzzo officer: President 93 FOXON PLACE, NEW BRITAIN CT 06053
Michael N Taglich director TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Michael Porcelain director 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata director C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Robert Taglich director, 10 percent owner 700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael Brand director 4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond 10 percent owner, other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman 10 percent owner, other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc. 10 percent owner, other: See Footnotes 1 and 2 7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca officer: Chief Financial Officer

Air Industries Group (Air Industries Group) Headlines