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MBIA (MBI) E10 : $-6.08 (As of Dec. 2023)


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What is MBIA 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.

MBIA's adjusted earnings per share data for the three months ended in Dec. 2023 was $-2.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-6.08 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average E10 Growth Rate was -26.30% per year. During the past 5 years, the average E10 Growth Rate was -36.30% per year. During the past 10 years, the average E10 Growth Rate was -16.10% 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 MBIA was 20.80% per year. The lowest was -92.70% per year. And the median was -6.20% per year.

As of today (2024-04-27), MBIA's current stock price is $6.82. MBIA's E10 for the quarter that ended in Dec. 2023 was $-6.08. MBIA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of MBIA was 159.75. The lowest was 0.00. And the median was 140.63.


MBIA E10 Historical Data

The historical data trend for MBIA'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.

MBIA E10 Chart

MBIA 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 -2.05 -3.02 -3.30 -4.75 -6.08

MBIA 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 -4.75 -5.12 -5.20 -5.71 -6.08

Competitive Comparison of MBIA's E10

For the Insurance - Specialty subindustry, MBIA'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.


MBIA's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MBIA's Shiller PE Ratio distribution charts can be found below:

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



MBIA 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, MBIA'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)
=-2.93/129.4194*129.4194
=-2.930

Current CPI (Dec. 2023) = 129.4194.

MBIA Quarterly Data

per share eps CPI Adj_EPS
201403 1.320 99.695 1.714
201406 0.450 100.560 0.579
201409 0.800 100.428 1.031
201412 0.100 99.070 0.131
201503 0.370 99.621 0.481
201506 0.360 100.684 0.463
201509 -0.230 100.392 -0.297
201512 0.540 99.792 0.700
201603 -0.580 100.470 -0.747
201606 -0.200 101.688 -0.255
201609 0.230 101.861 0.292
201612 -2.010 101.863 -2.554
201703 -0.550 102.862 -0.692
201706 -9.780 103.349 -12.247
201709 -2.170 104.136 -2.697
201712 -1.120 104.011 -1.394
201803 -1.120 105.290 -1.377
201806 -1.640 106.317 -1.996
201809 -0.500 106.507 -0.608
201812 -0.080 105.998 -0.098
201903 -0.240 107.251 -0.290
201906 -2.450 108.070 -2.934
201909 1.000 108.329 1.195
201912 -3.210 108.420 -3.832
202003 -4.620 108.902 -5.490
202006 -1.690 108.767 -2.011
202009 -1.110 109.815 -1.308
202012 -1.640 109.897 -1.931
202103 -2.160 111.754 -2.501
202106 -1.230 114.631 -1.389
202109 -2.490 115.734 -2.784
202112 -3.120 117.630 -3.433
202203 -1.480 121.301 -1.579
202206 -0.720 125.017 -0.745
202209 -0.670 125.227 -0.692
202212 -1.203 125.222 -1.243
202303 -1.860 127.348 -1.890
202306 -1.460 128.729 -1.468
202309 -3.940 129.860 -3.927
202312 -2.930 129.419 -2.930

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


MBIA  (NYSE:MBI) 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 MBIA was 159.75. The lowest was 0.00. And the median was 140.63.


Be Aware

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


MBIA E10 Related Terms

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


MBIA (MBI) Business Description

Traded in Other Exchanges
Address
1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.
Executives
Richard C Vaughan director C/O MBIA, 113 KING STREET, ARMONK NY 10504
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Janice L. Innis-thompson director C/O MBIA INC., 1 MANHATTANVILLE ROAD - SUITE 301, PURCHASE NY 10577
William C Fallon officer: Member, Exec. Policy Committee C/O MBIA, 113 KING STREET, ARMONK NY 10504
Charles R Rinehart director DOWNEY FINANCIAL CORP., 3501 JAMBOREE ROAD, NEWPORT BEACH CA 92660
Theodore Shasta director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Diane L Dewbrey director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Daniel M. Avitabile officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Adam T. Bergonzi officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Christopher H. Young officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Jonathan C. Harris officer: General Counsel and Secretary C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph R. Schachinger officer: Controller 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph W Brown director, officer: Chairman and CEO C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022