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Premier Exhibitions Inc (OTCPK:PRXI)
E10
$-0.94 (As of Aug. 2015)

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.

Premier Exhibitions Inc's adjusted earnings per share data for the three months ended in Aug. 2015 was $-0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.94 for the trailing ten years ended in Aug. 2015.

As of today, Premier Exhibitions Inc's current stock price is $0.42. Premier Exhibitions Inc's E10 for the quarter that ended in Aug. 2015 was $-0.94. Premier Exhibitions Inc's Shiller P/E Ratio of today is .

During the past 13 years, the highest Shiller P/E Ratio of Premier Exhibitions Inc was 148.57. The lowest was 15.00. And the median was 38.75.


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, Premier Exhibitions Inc's adjusted earnings per share data for the three months ended in Aug. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Aug. 2015 (Change)*Current CPI (Aug. 2015)
=-0.63/238.316*238.316
=-0.630

Current CPI (Aug. 2015) = 238.316.

Premier Exhibitions Inc Quarterly Data

201305201308201311201402201405201408201411201502201505201508
per share eps 0.2000.0000.000-0.283-0.250-0.340-0.400-1.113-0.460-0.630
CPI 232.945233.877233.069234.781237.900237.852236.151234.722237.805238.316
Adj_EPS 0.2050.0000.000-0.287-0.250-0.341-0.404-1.130-0.461-0.630
201011201102201105201108201111201202201205201208201211201302
per share eps -1.200-1.0870.200-0.400-0.500-0.6100.2000.500-0.200-0.226
CPI 218.803221.309225.964226.545226.230227.663229.815230.379230.221232.166
Adj_EPS -1.307-1.1710.211-0.421-0.527-0.6390.2070.517-0.207-0.232
200805200808200811200902200905200908200911201002201005201008
per share eps -0.3000.300-0.600-2.821-2.000-0.200-0.500-2.475-0.3000.000
CPI 216.632219.086212.425212.193213.856215.834216.330216.741218.178218.312
Adj_EPS -0.3300.326-0.673-3.168-2.229-0.221-0.551-2.721-0.3280.000
200511200602200605200608200611200702200705200708200711200802
per share eps 0.0001.0010.4000.4000.7000.8791.0001.7000.8000.232
CPI 197.600198.700202.500203.900201.500203.499207.949207.917210.177211.693
Adj_EPS 0.0001.2010.4710.4680.8281.0291.1461.9490.9070.261

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.

Premier Exhibitions Inc's Shiller P/E Ratio of today is calculated as

Shiller P/E Ratio=Share Price/E10
=0.42/-0.94
=

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

During the past 13 years, the highest Shiller P/E Ratio of Premier Exhibitions Inc was 148.57. The lowest was 15.00. And the median was 38.75.


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.

Premier Exhibitions Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
e10 0.000.000.000.07-0.80-1.13-0.76-0.69-0.64-0.70

Premier Exhibitions Inc Quarterly Data

May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15
e10 -0.650.000.00-0.64-0.60-0.66-0.71-0.70-0.79-0.94
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