Switch to:
BB&T Corp  (NYSE:BBT) E10: $2.43 (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.

BB&T Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.770. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.43 for the trailing ten years ended in Jun. 2017.

As of today, BB&T Corp's current stock price is $47.50. BB&T Corp's E10 for the quarter that ended in Jun. 2017 was $2.43. BB&T Corp's Shiller PE Ratio of today is 19.55.

During the past 13 years, the highest Shiller PE Ratio of BB&T Corp was 20.02. The lowest was 5.01. And the median was 12.84.


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.

BB&T 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 2.62 2.59 2.54 2.46 2.45

BB&T Corp 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 2.43 2.45 2.43 2.43 0.00

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, BB&T 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)
=0.77/244.955*244.955
=0.770

Current CPI (Jun. 2017) = 244.955.

BB&T Corp Quarterly Data

per share eps CPI Adj_EPS
200709 0.800 208.490 0.940
200712 0.740 210.036 0.863
200803 0.780 213.528 0.895
200806 0.780 218.815 0.873
200809 0.650 218.783 0.728
200812 0.510 210.228 0.594
200903 0.480 212.709 0.553
200906 0.200 215.693 0.227
200909 0.230 215.969 0.261
200912 0.270 215.949 0.306
201003 0.270 217.631 0.304
201006 0.300 217.965 0.337
201009 0.300 218.439 0.336
201012 0.290 219.179 0.324
201103 0.320 223.467 0.351
201106 0.440 225.722 0.477
201109 0.520 226.889 0.561
201112 0.560 225.672 0.608
201203 0.610 229.392 0.651
201206 0.720 229.478 0.769
201209 0.660 231.407 0.699
201212 0.710 229.601 0.757
201303 0.290 232.773 0.305
201306 0.770 233.504 0.808
201309 0.370 234.149 0.387
201312 0.750 233.049 0.788
201403 0.680 236.293 0.705
201406 0.580 238.343 0.596
201409 0.700 238.031 0.720
201412 0.750 234.812 0.782
201503 0.670 236.119 0.695
201506 0.620 238.638 0.636
201509 0.640 237.945 0.659
201512 0.640 236.525 0.663
201603 0.670 238.132 0.689
201606 0.660 241.018 0.671
201609 0.730 241.428 0.741
201612 0.720 241.432 0.731
201703 0.460 243.801 0.462
201706 0.770 244.955 0.770

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.

BB&T Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.50/2.43
=19.55

* 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 BB&T Corp was 20.02. The lowest was 5.01. And the median was 12.84.


Be Aware

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


Related Terms

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK