Switch to:
Buckle Inc  (NYSE:BKE) E10: $3.02 (As of Oct. 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.

Buckle Inc's adjusted earnings per share data for the three months ended in Oct. 2017 was $0.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.02 for the trailing ten years ended in Oct. 2017.

As of today, Buckle Inc's current stock price is $20.75. Buckle Inc's E10 for the quarter that ended in Oct. 2017 was $3.02. Buckle Inc's Shiller PE Ratio of today is 6.87.

During the past 13 years, the highest Shiller PE Ratio of Buckle Inc was 36.96. The lowest was 4.62. And the median was 21.46.


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.

Buckle Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.15 2.44 2.65 2.87 2.98

Buckle Inc Quarterly Data

Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
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 2.96 2.98 3.01 3.04 3.02

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, Buckle Inc's adjusted earnings per share data for the three months ended in Oct. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2017 (Change)*Current CPI (Oct. 2017)
=0.41/246.663*246.663
=0.410

Current CPI (Oct. 2017) = 246.663.

Buckle Inc Quarterly Data

per share eps CPI Adj_EPS
200801 0.630 211.080 0.736
200804 0.407 214.823 0.467
200807 0.480 219.964 0.538
200810 0.620 216.573 0.706
200901 0.740 211.143 0.864
200904 0.580 213.240 0.671
200907 0.540 215.351 0.619
200910 0.710 216.177 0.810
201001 0.900 216.687 1.025
201004 0.640 218.009 0.724
201007 0.440 218.011 0.498
201010 0.730 218.711 0.823
201101 1.050 220.223 1.176
201104 0.710 224.906 0.779
201107 0.500 225.922 0.546
201110 0.810 226.421 0.882
201201 1.180 226.665 1.284
201204 0.790 230.085 0.847
201207 0.490 229.104 0.528
201210 0.880 231.317 0.938
201301 1.280 230.280 1.371
201304 0.780 232.531 0.827
201307 0.520 233.596 0.549
201310 0.850 233.546 0.898
201401 1.240 233.916 1.308
201404 0.780 237.072 0.812
201407 0.510 238.250 0.528
201410 0.840 237.433 0.873
201501 1.250 233.707 1.319
201504 0.700 236.599 0.730
201507 0.490 238.654 0.506
201510 0.740 237.838 0.767
201601 1.130 236.916 1.176
201604 0.480 239.261 0.495
201607 0.320 240.628 0.328
201610 0.480 241.729 0.490
201701 0.750 242.839 0.762
201704 0.340 244.524 0.343
201707 0.240 244.786 0.242
201710 0.410 246.663 0.410

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.

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

Shiller PE Ratio=Share Price/E10
=20.75/3.02
=6.87

* 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 Buckle Inc was 36.96. The lowest was 4.62. And the median was 21.46.


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


Headlines

No Headline

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