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.
Northern Technologies International's adjusted earnings per share data for the three months ended in Feb. 2024 was $0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.44 for the trailing ten years ended in Feb. 2024.
During the past 12 months, Northern Technologies International's average E10 Growth Rate was -2.20% 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 6.70% 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 Northern Technologies International was 14.90% per year. The lowest was -12.60% per year. And the median was 3.20% per year.
* 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.
Competitive Comparison of Northern Technologies International's E10
For the Specialty Chemicals subindustry, Northern Technologies International'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.
Northern Technologies International's Shiller PE Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Northern Technologies International's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Northern Technologies International's Shiller PE Ratio falls into.
Northern Technologies International 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.
Northern Technologies International Quarterly Data
per share eps
CPI
Adj_EPS
201405
0.105
100.373
0.135
201408
0.135
100.352
0.174
201411
0.110
99.635
0.143
201502
-0.015
99.032
-0.020
201505
0.100
100.333
0.129
201508
0.000
100.548
0.000
201511
-0.025
100.135
-0.032
201602
-0.010
100.040
-0.013
201605
0.100
101.355
0.128
201608
-0.160
101.617
-0.204
201611
0.035
101.829
0.044
201702
0.045
102.779
0.057
201705
0.150
103.256
0.188
201708
0.150
103.587
0.187
201711
0.120
104.072
0.149
201802
0.145
105.052
0.179
201805
0.230
106.148
0.280
201808
0.225
106.383
0.274
201811
0.160
106.338
0.195
201902
0.150
106.649
0.182
201905
0.160
108.048
0.192
201908
0.090
108.245
0.108
201911
0.130
108.519
0.155
202002
0.020
109.139
0.024
202005
-0.110
108.175
-0.132
202008
-0.190
109.662
-0.224
202011
0.130
109.793
0.153
202102
0.130
110.968
0.152
202105
0.210
113.576
0.239
202108
0.170
115.421
0.191
202111
0.460
117.269
0.508
202202
0.020
119.703
0.022
202205
0.110
123.323
0.115
202208
0.070
124.958
0.072
202211
0.050
125.607
0.052
202302
0.040
126.928
0.041
202305
0.110
128.314
0.111
202308
0.100
129.538
0.100
202311
0.090
129.548
0.090
202402
0.170
129.419
0.170
Add all the adjusted EPS together and divide 10 will get our e10.
Northern Technologies International (NAS:NTIC) 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.
Northern Technologies International's Shiller P/E Ratio of today is calculated as
* 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 Northern Technologies International was 71.71. The lowest was 16.02. And the median was 30.34.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Northern Technologies International E10 Related Terms
Thank you for viewing the detailed overview of Northern Technologies International's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Northern Technologies International (Northern Technologies International) Business Description
Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NTIC has been successfully added to your 