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Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) E10 : $0.22 (As of Dec. 2018)


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What is Dover Downs Gaming & Entertainment 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.

Dover Downs Gaming & Entertainment's adjusted earnings per share data for the three months ended in Dec. 2018 was $0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.22 for the trailing ten years ended in Dec. 2018.

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.

As of today (2024-05-06), Dover Downs Gaming & Entertainment's current stock price is $2.64. Dover Downs Gaming & Entertainment's E10 for the quarter that ended in Dec. 2018 was $0.22. Dover Downs Gaming & Entertainment's Shiller PE Ratio of today is 12.00.


Dover Downs Gaming & Entertainment E10 Historical Data

The historical data trend for Dover Downs Gaming & Entertainment'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.

Dover Downs Gaming & Entertainment E10 Chart

Dover Downs Gaming & Entertainment Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.37 0.32 0.25 0.22

Dover Downs Gaming & Entertainment Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 0.25 0.24 0.23 0.22 0.22

Competitive Comparison of Dover Downs Gaming & Entertainment's E10

For the Gambling subindustry, Dover Downs Gaming & Entertainment'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.


Dover Downs Gaming & Entertainment's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dover Downs Gaming & Entertainment's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dover Downs Gaming & Entertainment's Shiller PE Ratio falls into.



Dover Downs Gaming & Entertainment 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, Dover Downs Gaming & Entertainment's adjusted earnings per share data for the three months ended in Dec. 2018 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=0.01/105.9979*105.9979
=0.010

Current CPI (Dec. 2018) = 105.9979.

Dover Downs Gaming & Entertainment Quarterly Data

per share eps CPI Adj_EPS
200903 0.130 89.744 0.154
200906 0.120 91.003 0.140
200909 0.040 91.120 0.047
200912 0.050 91.111 0.058
201003 0.050 91.821 0.058
201006 0.070 91.962 0.081
201009 0.070 92.162 0.081
201012 0.020 92.474 0.023
201103 0.000 94.283 0.000
201106 0.040 95.235 0.045
201109 0.060 95.727 0.066
201112 0.070 95.213 0.078
201203 0.070 96.783 0.077
201206 0.060 96.819 0.066
201209 0.040 97.633 0.043
201212 -0.020 96.871 -0.022
201303 -0.010 98.209 -0.011
201306 0.020 98.518 0.022
201309 0.010 98.790 0.011
201312 -0.010 98.326 -0.011
201403 -0.030 99.695 -0.032
201406 0.010 100.560 0.011
201409 0.020 100.428 0.021
201412 -0.020 99.070 -0.021
201503 -0.010 99.621 -0.011
201506 0.020 100.684 0.021
201509 0.030 100.392 0.032
201512 0.020 99.792 0.021
201603 -0.010 100.470 -0.011
201606 0.020 101.688 0.021
201609 0.020 101.861 0.021
201612 -0.010 101.863 -0.010
201703 -0.010 102.862 -0.010
201706 0.001 103.349 0.001
201709 -0.004 104.136 -0.004
201712 -0.020 104.011 -0.020
201803 -0.010 105.290 -0.010
201806 0.005 106.317 0.005
201809 -0.010 106.507 -0.010
201812 0.010 105.998 0.010

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


Dover Downs Gaming & Entertainment  (NYSE:DDE) 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.

Dover Downs Gaming & Entertainment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.64/0.22
=12.00

* 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.


Be Aware

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


Dover Downs Gaming & Entertainment E10 Related Terms

Thank you for viewing the detailed overview of Dover Downs Gaming & Entertainment's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
1131 North DuPont Highway, Dover, DE, USA, 19901
Dover Downs Gaming & Entertainment Inc is a US-based gaming and entertainment company. It operates Dover Downs Casino; Dover Downs Hotel and Conference Center; and Dover Downs Raceway. The Dover Downs Casino operations include table games, including craps, roulette and card games, multi-player electronic table games, race and sports book operation, the festival buffet, Frankie's Italian restaurant, as well as several bars, restaurants and retail outlets. The Dover Downs Hotel and Conference Center include a fine dining restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities. The Dover Downs Raceway includes a harness racing track with pari-mutuel wagering on live and simulcasts horse races. The firm derives the majority of revenue from gaming operation.
Executives
R Randall Rollins other: See Footnote 1 SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Henry B Tippie other: See Footnote 1 TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Denis Mcglynn other: See Footnote 1 POST OFFICE BOX 843, DOVER DE 19903
Klaus M Belohoubek other: See Footnote 1
Timothy R Horne other: See Footnote 1
Jeffrey W Rollins other: See Footnote 1
Patrick J Bagley other: See Footnote 1
Rmt Trust other: See Footnote 1 3505 SILVERSIDE ROAD PLAZA CENTRE BLDG., SUITE 203 WILMINGTON DE 19810
Kenneth K Chalmers director
Rollins John W Jr director 1131 N DUPONT HGWY PO BOX 843 DOVER DE 19903
Eugene W Weaver 10 percent owner P O BOX 843, DOVER DE 19803
Richard K Struthers director 900 OLD KENNETT ROAD, GREENVILLE DE 19807
Gates Capital Management, Inc. 10 percent owner 1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Jeffrey L Gates 10 percent owner 1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Estate Of Rollins John W Sr 10 percent owner 2200 CONCORD PIKE WILMINGTON DE 19803