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Assurant (Assurant) E10 : $10.12 (As of Mar. 2024)


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What is Assurant 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.

Assurant's adjusted earnings per share data for the three months ended in Mar. 2024 was $4.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $10.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Assurant's average E10 Growth Rate was 9.50% per year. During the past 3 years, the average E10 Growth Rate was 14.00% per year. During the past 5 years, the average E10 Growth Rate was 12.20% per year. During the past 10 years, the average E10 Growth Rate was 7.50% 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 Assurant was 14.40% per year. The lowest was 3.40% per year. And the median was 4.80% per year.

As of today (2024-05-22), Assurant's current stock price is $170.5893. Assurant's E10 for the quarter that ended in Mar. 2024 was $10.12. Assurant's Shiller PE Ratio of today is 16.86.

During the past 13 years, the highest Shiller PE Ratio of Assurant was 24.02. The lowest was 11.18. And the median was 16.62.


Assurant E10 Historical Data

The historical data trend for Assurant'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.

Assurant E10 Chart

Assurant 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 6.10 6.58 8.71 9.06 9.74

Assurant Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.24 9.40 9.62 9.74 10.12

Competitive Comparison of Assurant's E10

For the Insurance - Specialty subindustry, Assurant'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.


Assurant's Shiller PE Ratio Distribution in the Insurance Industry

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

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



Assurant 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, Assurant's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.47/131.7762*131.7762
=4.470

Current CPI (Mar. 2024) = 131.7762.

Assurant Quarterly Data

per share eps CPI Adj_EPS
201406 1.950 100.560 2.555
201409 1.920 100.428 2.519
201412 0.690 99.070 0.918
201503 0.710 99.621 0.939
201506 0.470 100.684 0.615
201509 -0.100 100.392 -0.131
201512 0.970 99.792 1.281
201603 3.340 100.470 4.381
201606 2.700 101.688 3.499
201609 2.370 101.861 3.066
201612 0.540 101.863 0.699
201703 2.530 102.862 3.241
201706 2.160 103.349 2.754
201709 -1.050 104.136 -1.329
201712 5.760 104.011 7.298
201803 1.960 105.290 2.453
201806 1.090 106.317 1.351
201809 0.760 106.507 0.940
201812 0.320 105.998 0.398
201903 2.520 107.251 3.096
201906 2.210 108.070 2.695
201909 -0.960 108.329 -1.168
201912 1.980 108.420 2.407
202003 2.430 108.902 2.940
202006 2.810 108.767 3.404
202009 -0.580 109.815 -0.696
202012 2.230 109.897 2.674
202103 2.640 111.754 3.113
202106 3.360 114.631 3.863
202109 14.790 115.734 16.840
202112 2.200 117.630 2.465
202203 2.650 121.301 2.879
202206 0.950 125.017 1.001
202209 0.140 125.227 0.147
202212 1.270 125.222 1.336
202303 2.120 127.348 2.194
202306 2.900 128.729 2.969
202309 3.540 129.860 3.592
202312 3.420 129.419 3.482
202403 4.470 131.776 4.470

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


Assurant  (NYSE:AIZ) 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.

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

Shiller PE Ratio=Share Price/E10
=170.5893/10.12
=16.86

* 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 Assurant was 24.02. The lowest was 11.18. And the median was 16.62.


Be Aware

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


Assurant E10 Related Terms

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


Assurant (Assurant) Business Description

Traded in Other Exchanges
Address
260 Interstate North Circle SE, Atlanta, GA, USA, 30339
Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global Lifestyle, Corporate and Other. Global Housing provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle, the key revenue-generating segment, provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.
Executives
Jay Rosenblum officer: EVP and CLO C/O ASSURANT, INC., 28 LIBERTY ST, 41ST FL., NEW YORK NY 10005
Dimitry Dirienzo officer: SVP, CAO, Controller C/O ASSURANT, INC., 28 LIBERTY ST. 41 F., NEW YORK NY 10005
Richard S Dziadzio officer: EVP, CFO, and Treasurer C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Francesca Luthi officer: EVP, CAO 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Robert Lonergan officer: EVP, other: Chief Strategy Officer C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Rajiv Basu director C/O ASSURANT, INC., 260 INTERSTATE NORTH CIRCLE, S.E., ATLANTA GA 30339
Sari Beth Granat director C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Keith Meier officer: EVP, COO C/O ASSURANT, INC., 55 BROADWAY, SUITE 2901, NEW YORK NY 10006
Alan B. Colberg officer: EVP, Marketing & Bus. Dev. ASSURANT, INC., ONE CHASE MANHATTAN PLAZA, 41 FL., NEW YORK NY 10005
Gene Mergelmeyer officer: Executive Vice President, other: Pres., Assur. Spec. Property ASSURANT, INC., 28 LIBERTY ST. 41 FLOOR, NEW YORK NY 10005
Carter J Braxton Ii director C/O T-MOBILE US, INC., 12920 SE 38TH STREET, BELLEVUE WA 98006
Charles John Koch director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Tammy L. Schultz officer: EVP C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Paget Leonard Alves director SPRINT NEXTEL, 6200 SPRINT PARKWAY KSOPHF0410 - 4A403, OVERLAND PARK KS 66251
Ognjen Redzic director C/O ASSURANT, INC., 28 LIBERTY STREET, 41ST FL., NEW YORK NY 10005

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