GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Conagra Brands Inc (NYSE:CAG) » Definitions » E10
中文

Conagra Brands (Conagra Brands) E10 : $1.28 (As of Feb. 2024)


View and export this data going back to 1976. Start your Free Trial

What is Conagra Brands 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.

Conagra Brands's adjusted earnings per share data for the three months ended in Feb. 2024 was $0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.28 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Conagra Brands's average E10 Growth Rate was -2.30% per year. During the past 3 years, the average E10 Growth Rate was 5.90% per year. During the past 5 years, the average E10 Growth Rate was 3.10% per year. During the past 10 years, the average E10 Growth Rate was -3.10% 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 Conagra Brands was 9.60% per year. The lowest was -12.50% per year. And the median was 4.80% per year.

As of today (2024-04-25), Conagra Brands's current stock price is $31.57. Conagra Brands's E10 for the quarter that ended in Feb. 2024 was $1.28. Conagra Brands's Shiller PE Ratio of today is 24.66.

During the past 13 years, the highest Shiller PE Ratio of Conagra Brands was 35.66. The lowest was 12.56. And the median was 28.19.


Conagra Brands E10 Historical Data

The historical data trend for Conagra Brands'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.

Conagra Brands E10 Chart

Conagra Brands Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.07 1.17 1.32 1.27

Conagra Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.31 1.27 1.31 1.29 1.28

Competitive Comparison of Conagra Brands's E10

For the Packaged Foods subindustry, Conagra Brands'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.


Conagra Brands's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Shiller PE Ratio distribution charts can be found below:

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



Conagra Brands 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, Conagra Brands's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.64/129.4194*129.4194
=0.640

Current CPI (Feb. 2024) = 129.4194.

Conagra Brands Quarterly Data

per share eps CPI Adj_EPS
201405 -0.770 100.373 -0.993
201408 1.120 100.352 1.444
201411 0.020 99.635 0.026
201502 -2.230 99.032 -2.914
201505 0.480 100.333 0.619
201508 -2.680 100.548 -3.450
201511 0.350 100.135 0.452
201602 0.460 100.040 0.595
201605 0.270 101.355 0.345
201608 0.420 101.617 0.535
201611 0.280 101.829 0.356
201702 0.410 102.779 0.516
201705 0.360 103.256 0.451
201708 0.360 103.587 0.450
201711 0.540 104.072 0.672
201802 0.900 105.052 1.109
201805 0.180 106.148 0.219
201808 0.450 106.383 0.547
201811 0.310 106.338 0.377
201902 0.500 106.649 0.607
201905 0.260 108.048 0.311
201908 0.360 108.245 0.430
201911 0.530 108.519 0.632
202002 0.420 109.139 0.498
202005 0.410 108.175 0.491
202008 0.670 109.662 0.791
202011 0.770 109.793 0.908
202102 0.580 110.968 0.676
202105 0.640 113.576 0.729
202108 0.490 115.421 0.549
202111 0.570 117.269 0.629
202202 0.450 119.703 0.487
202205 0.330 123.323 0.346
202208 -0.160 124.958 -0.166
202211 0.790 125.607 0.814
202302 0.710 126.928 0.724
202305 0.080 128.314 0.081
202308 0.670 129.538 0.669
202311 0.600 129.548 0.599
202402 0.640 129.419 0.640

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


Conagra Brands  (NYSE:CAG) 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.

Conagra Brands's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=31.57/1.28
=24.66

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Conagra Brands was 35.66. The lowest was 12.56. And the median was 28.19.


Be Aware

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


Conagra Brands E10 Related Terms

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


Conagra Brands (Conagra Brands) Business Description

Traded in Other Exchanges
Address
222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.
Executives
Richard H Lenny director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga director 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Thomas M Mcgough officer: EVP and Co-COO C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
William Eric Johnson officer: SVP, Corporate Controller 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Charisse Brock officer: EVP, Chief HR Officer C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Robert G Wise officer: SVP, Corporate Controller C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell officer: EVP, GC and Corp. Secretary C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis director 8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico director 7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen officer: SVP and General Counsel ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao officer: EVP and Co-COO C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie director C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies director 6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli officer: EVP,Chief Supply Chain Officer C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153

Conagra Brands (Conagra Brands) Headlines

From GuruFocus

Conagra Brands Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q1 2021 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Conagra Brands Inc Investor Day Transcript

By GuruFocus Research 01-22-2024

Q3 2023 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2024 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2022 Conagra Brands Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024