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A-Mark Precious Metals (A-Mark Precious Metals) E10 : $2.86 (As of Dec. 2023)


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What is A-Mark Precious Metals 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.

A-Mark Precious Metals's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.86 for the trailing ten years ended in Dec. 2023.

During the past 12 months, A-Mark Precious Metals's average E10 Growth Rate was 17.20% 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.

As of today (2024-04-30), A-Mark Precious Metals's current stock price is $40.07. A-Mark Precious Metals's E10 for the quarter that ended in Dec. 2023 was $2.86. A-Mark Precious Metals's Shiller PE Ratio of today is 14.01.

During the past 13 years, the highest Shiller PE Ratio of A-Mark Precious Metals was 20.46. The lowest was 8.68. And the median was 13.76.


A-Mark Precious Metals E10 Historical Data

The historical data trend for A-Mark Precious Metals'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.

A-Mark Precious Metals E10 Chart

A-Mark Precious Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.15 2.75

A-Mark Precious Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.44 2.60 2.75 2.83 2.86

Competitive Comparison of A-Mark Precious Metals's E10

For the Capital Markets subindustry, A-Mark Precious Metals'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.


A-Mark Precious Metals's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, A-Mark Precious Metals's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where A-Mark Precious Metals's Shiller PE Ratio falls into.



A-Mark Precious Metals 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, A-Mark Precious Metals's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.57/129.4194*129.4194
=0.570

Current CPI (Dec. 2023) = 129.4194.

A-Mark Precious Metals Quarterly Data

per share eps CPI Adj_EPS
201403 0.140 99.695 0.182
201406 0.110 100.560 0.142
201409 0.080 100.428 0.103
201412 0.120 99.070 0.157
201503 0.120 99.621 0.156
201506 0.180 100.684 0.231
201509 0.400 100.392 0.516
201512 0.100 99.792 0.130
201603 0.085 100.470 0.109
201606 0.075 101.688 0.095
201609 0.135 101.861 0.172
201612 0.195 101.863 0.248
201703 0.080 102.862 0.101
201706 0.090 103.349 0.113
201709 0.035 104.136 0.043
201712 -0.015 104.011 -0.019
201803 -0.045 105.290 -0.055
201806 -0.215 106.317 -0.262
201809 0.105 106.507 0.128
201812 0.040 105.998 0.049
201903 0.070 107.251 0.084
201906 -0.060 108.070 -0.072
201909 0.010 108.329 0.012
201912 0.085 108.420 0.101
202003 0.805 108.902 0.957
202006 1.255 108.767 1.493
202009 1.545 109.815 1.821
202012 0.580 109.897 0.683
202103 4.420 111.754 5.119
202106 2.095 114.631 2.365
202109 1.080 115.734 1.208
202112 1.300 117.630 1.430
202203 1.530 121.301 1.632
202206 1.530 125.017 1.584
202209 1.830 125.227 1.891
202212 1.350 125.222 1.395
202303 1.460 127.348 1.484
202306 1.700 128.729 1.709
202309 0.770 129.860 0.767
202312 0.570 129.419 0.570

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


A-Mark Precious Metals  (NAS:AMRK) 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.

A-Mark Precious Metals's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.07/2.86
=14.01

* 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 A-Mark Precious Metals was 20.46. The lowest was 8.68. And the median was 13.76.


Be Aware

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


A-Mark Precious Metals E10 Related Terms

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


A-Mark Precious Metals (A-Mark Precious Metals) Business Description

Traded in Other Exchanges
Address
2121 Rosecrans Avenue, Suite 6300, El Segundo, CA, USA, 90245
A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.
Executives
Michael R. Wittmeyer director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Brian Aquilino officer: Chief Operating Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Beverley Lepine director 429 SANTA MONICA BLVD., SUITE 230, SANTA MONICA CA 90401
Carol Meltzer officer: EVP, Gen. Counsel & Secretary 775 PASSAIC AVE, WEST CALDWELL NJ 07006
Gregory N Roberts director, 10 percent owner, officer: Chief Executive Officer 2625 ST ANDREWS, TUSTIN CA 92660
Thor Gjerdrum officer: President 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Jeffrey D Benjamin director, 10 percent owner 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
Jess M Ravich director 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Kendall Saville director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Moorhead John director 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
William A Richardson 10 percent owner 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Kathleen Taylor-simpson officer: Chief Financial Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
A-mark Precious Metals, Inc. director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Monique Sanchez director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148