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ECB Bancorp Inc (AMEX:ECBE)
E10
\$0.00 (As of Sep. 2012)

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.

ECB Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2012 was \$0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is \$0.00 for the trailing ten years ended in Sep. 2012.

As of today, ECB Bancorp Inc's current stock price is \$0.00. ECB Bancorp Inc's E10 for the quarter that ended in Sep. 2012 was \$0.00. ECB Bancorp Inc's Shiller P/E Ratio of today is .

Definition

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.

For example, ECB Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2012 was:

 Adj_EPS = Earnigns per Share / CPI of Sep. 2012 (Change) * Current CPI (Sep. 2012) = 0.48 / 231.407 * 231.407 = 0.480

Current CPI (Sep. 2012) = 231.407.

ECB Bancorp Inc Quarterly Data

 201006 201009 201012 201103 201106 201109 201112 201203 201206 201209 per share eps 0.24 0.1 -0.488 -0.47 0.31 0.09 -0.659 0.04 0.11 0.48 CPI 217.965 218.439 219.179 223.467 225.722 226.889 225.672 229.392 229.478 231.407 Adj_EPS 0.255 0.106 -0.515 -0.487 0.318 0.092 -0.676 0.04 0.111 0.48 200712 200803 200806 200809 200812 200903 200906 200909 200912 201003 per share eps 0.43 0.36 0.38 0.35 0.09 0.37 0.19 0.03 -0.4 0.08 CPI 210.036 213.528 218.815 218.783 210.228 212.709 215.693 215.969 215.949 217.631 Adj_EPS 0.474 0.39 0.402 0.37 0.099 0.403 0.204 0.032 -0.429 0.085 200506 200509 200512 200603 200606 200609 200612 200703 200706 200709 per share eps 0.62 0.67 0.62 0.51 0.49 0.58 0.47 0.33 0.43 0.46 CPI 194.5 198.8 196.8 199.8 202.9 202.9 201.8 205.352 208.352 208.49 Adj_EPS 0.738 0.78 0.729 0.591 0.559 0.661 0.539 0.372 0.478 0.511 200212 200303 200306 200309 200312 200403 200406 200409 200412 200503 per share eps 0.51 0.49 0.49 0.51 0.41 0.48 0.6 0.57 -0.05 0.47 CPI 180.9 184.2 183.7 185.2 184.3 187.4 189.7 189.9 190.3 193.3 Adj_EPS 0.652 0.616 0.617 0.637 0.515 0.593 0.732 0.695 -0.061 0.563

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

Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller P/E 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.

ECB Bancorp Inc's Shiller P/E Ratio of today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 0.00 / 0.00 =

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Be Aware

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

Related Terms

Shiller P/E Ratio

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ECB Bancorp Inc Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 e10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ECB Bancorp Inc Quarterly Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 e10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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