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Esterad Investment Co BSC (BAH:ESTERAD) E10 : BHD0.02 (As of Jun. 2024)


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What is Esterad Investment Co BSC 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.

Esterad Investment Co BSC's adjusted earnings per share data for the three months ended in Jun. 2024 was BHD0.006. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BHD0.02 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Esterad Investment Co BSC's average E10 Growth Rate was 100.00% 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 (2024-09-25), Esterad Investment Co BSC's current stock price is BHD0.262. Esterad Investment Co BSC's E10 for the quarter that ended in Jun. 2024 was BHD0.02. Esterad Investment Co BSC's Shiller PE Ratio of today is 13.10.

During the past 13 years, the highest Shiller PE Ratio of Esterad Investment Co BSC was 16.53. The lowest was 7.52. And the median was 11.53.


Esterad Investment Co BSC E10 Historical Data

The historical data trend for Esterad Investment Co BSC'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.

Esterad Investment Co BSC E10 Chart

Esterad Investment Co BSC 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 - - 0.01 0.01 0.02

Esterad Investment Co BSC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.01 0.01 0.02 0.02 0.02

Competitive Comparison of Esterad Investment Co BSC's E10

For the Asset Management subindustry, Esterad Investment Co BSC'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.


Esterad Investment Co BSC's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Esterad Investment Co BSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Esterad Investment Co BSC's Shiller PE Ratio falls into.



Esterad Investment Co BSC 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, Esterad Investment Co BSC's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.006/132.5538*132.5538
=0.006

Current CPI (Jun. 2024) = 132.5538.

Esterad Investment Co BSC Quarterly Data

per share eps CPI Adj_EPS
201409 0.005 100.428 0.007
201412 0.003 99.070 0.004
201503 0.006 99.621 0.008
201506 0.001 100.684 0.001
201509 0.001 100.392 0.001
201512 -0.001 99.792 -0.001
201603 0.003 100.470 0.004
201606 0.000 101.688 0.000
201609 0.002 101.861 0.003
201612 0.000 101.863 0.000
201703 0.005 102.862 0.006
201706 0.000 103.349 0.000
201709 0.002 104.136 0.003
201712 0.002 104.011 0.003
201803 0.004 105.290 0.005
201806 -0.002 106.317 -0.002
201809 0.003 106.507 0.004
201812 -0.002 105.998 -0.003
201903 0.004 107.251 0.005
201906 0.002 108.070 0.002
201909 0.002 108.329 0.002
201912 0.010 108.420 0.012
202003 0.001 108.902 0.001
202006 0.000 108.767 0.000
202009 0.001 109.815 0.001
202012 0.002 109.897 0.002
202103 0.001 111.754 0.001
202106 0.004 114.631 0.005
202109 0.002 115.734 0.002
202112 0.004 117.630 0.005
202203 0.002 121.301 0.002
202206 0.002 125.017 0.002
202209 0.002 125.227 0.002
202212 0.008 125.222 0.008
202303 0.003 127.348 0.003
202306 0.005 128.729 0.005
202309 0.006 129.860 0.006
202312 0.022 129.419 0.023
202403 0.003 131.776 0.003
202406 0.006 132.554 0.006

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


Esterad Investment Co BSC  (BAH:ESTERAD) 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.

Esterad Investment Co BSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.262/0.02
=13.10

* 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 Esterad Investment Co BSC was 16.53. The lowest was 7.52. And the median was 11.53.


Be Aware

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


Esterad Investment Co BSC E10 Related Terms

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


Esterad Investment Co BSC Business Description

Traded in Other Exchanges
N/A
Address
GBCORP Tower, 3rd Floor, P.O. Box 1080, Manama, BHR
Esterad Investment Co BSC is a Bahrain company operating in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.

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