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BofI Holding Inc  (NAS:BOFI) E10: $0.93 (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.

BofI Holding Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.93 for the trailing ten years ended in Jun. 2017.

As of today, BofI Holding Inc's current stock price is $27.62. BofI Holding Inc's E10 for the quarter that ended in Jun. 2017 was $0.93. BofI Holding Inc's Shiller PE Ratio of today is 29.70.

During the past 13 years, the highest Shiller PE Ratio of BofI Holding Inc was 61.88. The lowest was 22.81. And the median was 34.51.


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.

BofI Holding Inc Annual Data

Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.42 0.54 0.72 0.93

BofI Holding Inc 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 0.72 0.76 0.81 0.88 0.93

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, BofI Holding Inc'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)
=0.5/244.955*244.955
=0.500

Current CPI (Jun. 2017) = 244.955.

BofI Holding Inc Quarterly Data

per share eps CPI Adj_EPS
200709 0.020 208.490 0.023
200712 0.018 210.036 0.021
200803 0.028 213.528 0.032
200806 0.050 218.815 0.056
200809 -0.060 218.783 -0.067
200812 0.075 210.228 0.087
200903 0.073 212.709 0.084
200906 0.103 215.693 0.117
200909 0.103 215.969 0.117
200912 0.153 215.949 0.174
201003 0.193 217.631 0.217
201006 0.105 217.965 0.118
201009 0.113 218.439 0.127
201012 0.113 219.179 0.126
201103 0.120 223.467 0.132
201106 0.125 225.722 0.136
201109 0.145 226.889 0.157
201112 0.135 225.672 0.147
201203 0.145 229.392 0.155
201206 0.163 229.478 0.174
201209 0.168 231.407 0.178
201212 0.175 229.601 0.187
201303 0.185 232.773 0.195
201306 0.193 233.504 0.202
201309 0.213 234.149 0.223
201312 0.228 233.049 0.240
201403 0.250 236.293 0.259
201406 0.270 238.343 0.277
201409 0.300 238.031 0.309
201412 0.320 234.812 0.334
201503 0.340 236.119 0.353
201506 0.390 238.638 0.400
201509 0.400 237.945 0.412
201512 0.440 236.525 0.456
201603 0.560 238.132 0.576
201606 0.460 241.018 0.468
201609 0.450 241.428 0.457
201612 0.500 241.432 0.507
201703 0.630 243.801 0.633
201706 0.500 244.955 0.500

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.

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

Shiller PE Ratio=Share Price/E10
=27.62/0.93
=29.70

* 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 BofI Holding Inc was 61.88. The lowest was 22.81. And the median was 34.51.


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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