Steiner Leisure (Steiner Leisure) E10 : $1.45 (As of Sep. 2015)

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What is Steiner Leisure 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.

Steiner Leisure's adjusted earnings per share data for the three months ended in Sep. 2015 was $-1.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.45 for the trailing ten years ended in Sep. 2015.

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.

As of today (2024-05-12), Steiner Leisure's current stock price is $62.73. Steiner Leisure's E10 for the quarter that ended in Sep. 2015 was $1.45. Steiner Leisure's Shiller PE Ratio of today is 43.26.

Steiner Leisure E10 Historical Data

The historical data trend for Steiner Leisure'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.

Steiner Leisure E10 Chart

Steiner Leisure Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

E10

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2.18

2.46

2.84

3.07

1.64

Steiner Leisure Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
E10	Get a 7-Day Free Trial															3.14	1.64	1.64	1.66	1.45

Competitive Comparison of Steiner Leisure's E10

For the Personal Services subindustry, Steiner Leisure'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.

Steiner Leisure's Shiller PE Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Steiner Leisure's Shiller PE Ratio distribution charts can be found below:

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

Steiner Leisure 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, Steiner Leisure's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Sep. 2015 (Change)	*	Current CPI (Sep. 2015)
	=	-1.36	/	100.3915	*	100.3915
	=	-1.360

Current CPI (Sep. 2015) = 100.3915.

Steiner Leisure Quarterly Data

	per share eps	CPI	Adj_EPS
200512	0.652	83.032	0.788
200603	0.600	84.298	0.715
200606	0.610	85.606	0.715
200609	0.660	85.606	0.774
200612	0.751	85.142	0.886
200703	0.620	86.640	0.718
200706	0.670	87.906	0.765
200709	0.680	87.964	0.776
200712	0.669	88.616	0.758
200803	0.610	90.090	0.680
200806	0.680	92.320	0.739
200809	0.890	92.307	0.968
200812	0.799	88.697	0.904
200903	0.540	89.744	0.604
200906	0.560	91.003	0.618
200909	0.730	91.120	0.804
200912	0.732	91.111	0.807
201003	0.640	91.821	0.700
201006	0.660	91.962	0.720
201009	0.780	92.162	0.850
201012	0.862	92.474	0.936
201103	0.900	94.283	0.958
201106	0.870	95.235	0.917
201109	0.770	95.727	0.808
201112	0.808	95.213	0.852
201203	0.950	96.783	0.985
201206	0.920	96.819	0.954
201209	0.850	97.633	0.874
201212	0.807	96.871	0.836
201303	0.860	98.209	0.879
201306	0.830	98.518	0.846
201309	0.770	98.790	0.782
201312	0.876	98.326	0.894
201403	0.500	99.695	0.503
201406	0.570	100.560	0.569
201409	0.870	100.428	0.870
201412	-14.017	99.070	-14.204
201503	0.620	99.621	0.625
201506	0.690	100.684	0.688
201509	-1.360	100.392	-1.360

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

Steiner Leisure (NAS:STNR) 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.

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

Shiller PE Ratio	=	Share Price	/	E10
	=	62.73	/	1.45
	=	43.26

Be Aware

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

Steiner Leisure E10 Related Terms

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

Steiner Leisure (Steiner Leisure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Steiner Leisure Ltd (NAS:STNR) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.steinerleisure.com

Steiner Leisure Ltd was incorporated in the Bahamas on November 1995. The Company is engaged in the service of traditional and alternative massage, body and skin treatment options, fitness, acupuncture, medi-spa treatments and laser hair removal. It also develops and markets premium quality beauty products, which are sold at the Company's facilities, through e-commerce and through third-party retail outlets and other channels, and operates post-secondary schools offering massage therapy and related courses. The Company serves cruise ships and third-party land-based venues namely Caesars Entertainment, Carnival Cruise Lines, Costa Cruises, Crystal Cruises, Cunard Cruise Line, Hilton Hotels, Holland America Line, among others. As of February 1, 2014, the Company served 156 cruise ships representing 18 cruise lines, and operated 52 resort spas, 11 urban hotel spas, five day spas and 109 Ideal Image centers. The Company also operates 12 post-secondary schools, comprised of a total of 32 campuses located in Arizona, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, Pennsylvania, Texas, Utah, Virginia and Washington. The Company provides shipboard services in treatment and fitness facilities located on cruise ships. Its services include massages, facials, microdermabrasion, waxing, aromatherapy treatments, seaweed wraps, aerobic exercise, yoga, Pilates, hair styling, manicures, pedicures and teeth whitening, as well as other beauty and body treatments and services, acupuncture and medi-spa services such as BOTOX Cosmetic, Dysport, Restylane and Perlane. The products sold by the Company include beauty preparations such as lotions aimed at reducing the appearance of aging on skin, aromatherapy oils, cleansers and creams and other facial and skin care preparations, hair care products, moisturizers and lotions, nail care products, footwear and shapewear, including products under the Steiner and Mandara names. The Company sells the products through, among other channels, e-commerce, catalogs, on board the ships, at land-based spas, through department stores and third-party retail outlets and distributors, as well as through salons, mail order and websites, including www.timetospa.com, www.timetospa.co.uk, www.blissworld.com, www.blisslondon.co.uk and www.bodyworkmall.com. The Company operates its business through four reportable segments: Spa Operations, Products, Schools and Laser Hair Removal. Through its Spa Operations segment, it offers massages and a variety of other body treatments, as well as a broad variety of beauty treatments to women, men and teenagers on cruise ships and at land-based spas. As of February 1, 2014, it provided its spa services on 156 ships and at a total of 63 hotel spas located in the United States, the Caribbean, Asia, the Pacific and other locations, and at its day spas in New York City, Coral Gables and London. Through the Products segment, it develops and sells beauty pro

Executives

Robert Lazar	officer: VP - Finance and CAO	770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146
Cynthia R Cohen	director	1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017
Leonard I Fluxman	director, officer: President & CEO	STEINER LEISURE LIMITED, 770 S DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Stephen Lazarus	officer: COO & CFO	C/O STEINER MANAGEMENT SERVICES, 770 S. DIXIE HWY. #200, CORAL GABLES FL 33145
Glenn Fusfield	officer: Pres & COO- Steiner Transocean	STEINER LEISURE LTD, 770 SOUTH DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Jonathan D Mariner	director	2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
Steiner Leisure Ltd	officer: EVP - Steiner Education Group	STE 104A, SAFFREY SQ, NASSAU C5 00000