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AK Steel Holding Corp  (NYSE:AKS) E10: $-1.50 (As of Jun. 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.

AK Steel Holding Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.190. 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 Jun. 2017.

As of today, AK Steel Holding Corp's current stock price is $5.95. AK Steel Holding Corp's E10 for the quarter that ended in Jun. 2017 was $-1.50. AK Steel Holding Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of AK Steel Holding Corp was 1015.75. The lowest was 0.00. And the median was 316.50.


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.

AK Steel Holding Corp 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 -1.25 -0.64 -0.99 -1.28 -1.32

AK Steel Holding Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -1.34 -1.35 -1.32 -1.39 -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, AK Steel Holding Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.19/244.955*244.955
=0.190

Current CPI (Jun. 2017) = 244.955.

AK Steel Holding Corp Quarterly Data

per share eps CPI Adj_EPS
200709 0.970 208.490 1.140
200712 0.950 210.036 1.108
200803 0.900 213.528 1.032
200806 1.290 218.815 1.444
200809 1.670 218.783 1.870
200812 -3.850 210.228 -4.486
200903 -0.670 212.709 -0.772
200906 -0.430 215.693 -0.488
200909 0.060 215.969 0.068
200912 0.366 215.949 0.415
201003 0.017 217.631 0.019
201006 0.240 217.965 0.270
201009 -0.541 218.439 -0.607
201012 -0.890 219.179 -0.995
201103 0.080 223.467 0.088
201106 0.300 225.722 0.326
201109 -0.032 226.889 -0.035
201112 -1.760 225.672 -1.910
201203 -0.110 229.392 -0.117
201206 -6.572 229.478 -7.015
201209 -0.550 231.407 -0.582
201212 -1.850 229.601 -1.974
201303 -0.070 232.773 -0.074
201306 -0.300 233.504 -0.315
201309 -0.230 234.149 -0.241
201312 0.260 233.049 0.273
201403 -0.630 236.293 -0.653
201406 -0.130 238.343 -0.134
201409 -0.050 238.031 -0.051
201412 0.140 234.812 0.146
201503 -1.720 236.119 -1.784
201506 -0.360 238.638 -0.370
201509 0.040 237.945 0.041
201512 -0.810 236.525 -0.839
201603 -0.080 238.132 -0.082
201606 0.080 241.018 0.081
201609 0.210 241.428 0.213
201612 -0.290 241.432 -0.294
201703 0.190 243.801 0.191
201706 0.190 244.955 0.190

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.

AK Steel Holding Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.95/-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 AK Steel Holding Corp was 1015.75. The lowest was 0.00. And the median was 316.50.


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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