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Exponent (Exponent) E10

: $1.55 (As of Dec. 2023)
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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.

Exponent's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Exponent's average E10 Growth Rate was 10.70% per year. During the past 3 years, the average E10 Growth Rate was 15.30% per year. During the past 5 years, the average E10 Growth Rate was 15.40% per year. During the past 10 years, the average E10 Growth Rate was 14.00% 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 Exponent was 22.90% per year. The lowest was 5.30% per year. And the median was 15.20% per year.

As of today (2024-04-18), Exponent's current stock price is $78.12. Exponent's E10 for the quarter that ended in Dec. 2023 was $1.55. Exponent's Shiller PE Ratio of today is 50.40.

During the past 13 years, the highest Shiller PE Ratio of Exponent was 106.95. The lowest was 33.67. And the median was 58.03.


Exponent E10 Historical Data

The historical data trend for Exponent'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.

Exponent Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 1.01 1.21 1.40 1.55

Exponent Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 1.40 1.46 1.50 1.54 1.55

Competitive Comparison

For the Engineering & Construction subindustry, Exponent'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.


Exponent Shiller PE Ratio Distribution

For the Construction industry and Industrials sector, Exponent's Shiller PE Ratio distribution charts can be found below:

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



Exponent 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, Exponent'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)
=0.41/129.4194*129.4194
=0.410

Current CPI (Dec. 2023) = 129.4194.

Exponent Quarterly Data

per share eps CPI Adj_EPS
201403 0.165 99.695 0.214
201406 0.205 100.560 0.264
201409 0.200 100.428 0.258
201412 0.170 99.070 0.222
201503 0.190 99.621 0.247
201506 0.215 100.684 0.276
201509 0.215 100.392 0.277
201512 0.180 99.792 0.233
201603 0.280 100.470 0.361
201606 0.190 101.688 0.242
201609 0.210 101.861 0.267
201612 0.195 101.863 0.248
201703 0.305 102.862 0.384
201706 0.260 103.349 0.326
201709 0.270 104.136 0.336
201712 -0.070 104.011 -0.087
201803 0.380 105.290 0.467
201806 0.340 106.317 0.414
201809 0.320 106.507 0.389
201812 0.300 105.998 0.366
201903 0.420 107.251 0.507
201906 0.390 108.070 0.467
201909 0.360 108.329 0.430
201912 0.360 108.420 0.430
202003 0.490 108.902 0.582
202006 0.310 108.767 0.369
202009 0.340 109.815 0.401
202012 0.410 109.897 0.483
202103 0.580 111.754 0.672
202106 0.480 114.631 0.542
202109 0.460 115.734 0.514
202112 0.380 117.630 0.418
202203 0.560 121.301 0.597
202206 0.490 125.017 0.507
202209 0.470 125.227 0.486
202212 0.440 125.222 0.455
202303 0.560 127.348 0.569
202306 0.500 128.729 0.503
202309 0.480 129.860 0.478
202312 0.410 129.419 0.410

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


Exponent  (NAS:EXPO) 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.

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

Shiller PE Ratio=Share Price/E10
=78.12/1.55
=50.40

* 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 Exponent was 106.95. The lowest was 33.67. And the median was 58.03.


Be Aware

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


Exponent E10 Related Terms

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


Exponent (Exponent) Business Description

Traded in Other Exchanges
Address
149 Commonwealth Drive, Menlo Park, CA, USA, 94025
Exponent Inc provides engineering and scientific consulting services on a project-by-project basis. The company's consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which accounts for the majority of revenue, provides servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences and others. The company generates almost all of its revenues from America.
Executives
Reitman Maureen T. F. officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Bradley A James officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Steven J Murray officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Richard Reiss officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Joseph Rakow officer: Group Vice President 149 COMMONWEATH DRIVE, MENLO PARK CA 94025
Eric Guyer officer: Group Vice Presient 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Harri Kytomaa officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Carol Lindstrom director 5994 SILVERADO TRAIL, NAPA CA 94558
Sally Shepard officer: VP, Human Resources 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
George H. Brown director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Paul R Johnston officer: Chief Operating Officer EXPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Joseph Doyle officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Schlenker Richard L Jr officer: Chief Financial Officer EPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Pye officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Debra Zumwalt director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025

Exponent (Exponent) Headlines