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Axcelis Technologies Inc  (NAS:ACLS) E10: $-1.50 (As of Sep. 2017)

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.

Axcelis Technologies Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.50 for the trailing ten years ended in Sep. 2017.

As of today, Axcelis Technologies Inc's current stock price is $36.20. Axcelis Technologies Inc's E10 for the quarter that ended in Sep. 2017 was $-1.50. Axcelis Technologies Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Axcelis Technologies Inc was 201.00. The lowest was 0.00. And the median was 138.25.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Axcelis Technologies Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.46 0.00 0.00 -1.37 -1.57

Axcelis Technologies Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -1.50 -1.57 -1.57 -1.56 -1.50

Competitive Comparison
* 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.


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.

For example, Axcelis Technologies Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.35/246.819*246.819
=0.350

Current CPI (Sep. 2017) = 246.819.

Axcelis Technologies Inc Quarterly Data

per share eps CPI Adj_EPS
200712 -0.400 210.036 -0.470
200803 -0.440 213.528 -0.509
200806 -0.760 218.815 -0.857
200809 -0.960 218.783 -1.083
200812 -5.480 210.228 -6.434
200903 -1.120 212.709 -1.300
200906 -0.880 215.693 -1.007
200909 -0.600 215.969 -0.686
200912 -0.400 215.949 -0.457
201003 -0.440 217.631 -0.499
201006 -0.160 217.965 -0.181
201009 -0.240 218.439 -0.271
201012 0.160 219.179 0.180
201103 0.080 223.467 0.088
201106 0.160 225.722 0.175
201109 0.040 226.889 0.044
201112 -0.080 225.672 -0.087
201203 -0.360 229.392 -0.387
201206 0.000 229.478 0.000
201209 -0.320 231.407 -0.341
201212 -0.560 229.601 -0.602
201303 -0.320 232.773 -0.339
201306 -0.160 233.504 -0.169
201309 -0.160 234.149 -0.169
201312 0.000 233.049 0.000
201403 0.006 236.293 0.006
201406 -0.240 238.343 -0.249
201409 -0.160 238.031 -0.166
201412 0.000 234.812 0.000
201503 0.080 236.119 0.084
201506 0.200 238.638 0.207
201509 0.200 237.945 0.207
201512 0.020 236.525 0.021
201603 0.060 238.132 0.062
201606 0.100 241.018 0.102
201609 0.070 241.428 0.072
201612 0.130 241.432 0.133
201703 0.290 243.801 0.294
201706 0.420 244.955 0.423
201709 0.350 246.819 0.350

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 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.

Axcelis Technologies Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.20/-1.50
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Axcelis Technologies Inc was 201.00. The lowest was 0.00. And the median was 138.25.


Be Aware

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


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