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Popular Inc  (NAS:BPOP) E10: $-5.04 (As of Sep. 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.

Popular Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-5.04 for the trailing ten years ended in Sep. 2017.

As of today, Popular Inc's current stock price is $38.49. Popular Inc's E10 for the quarter that ended in Sep. 2017 was $-5.04. Popular Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Popular Inc was 42.74. The lowest was 0.00. And the median was 6.01.


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.

Popular Inc 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 2.76 1.18 -1.34 -2.89 -4.22

Popular Inc 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 -3.98 -4.22 -4.66 -4.87 -5.04

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.19/246.819*246.819
=0.190

Current CPI (Sep. 2017) = 246.819.

Popular Inc Quarterly Data

per share eps CPI Adj_EPS
200712 -10.600 210.036 -12.456
200803 3.600 213.528 4.161
200806 0.600 218.815 0.677
200809 -24.200 218.783 -27.301
200812 -25.500 210.228 -29.938
200903 -2.700 212.709 -3.133
200906 -7.400 215.693 -8.468
200909 14.000 215.969 16.000
200912 -7.000 215.949 -8.001
201003 -1.300 217.631 -1.474
201006 -2.800 217.965 -3.171
201009 4.800 218.439 5.424
201012 -2.700 219.179 -3.040
201103 0.100 223.467 0.110
201106 1.070 225.722 1.170
201109 0.260 226.889 0.283
201112 0.020 225.672 0.022
201203 0.460 229.392 0.495
201206 0.630 229.478 0.678
201209 0.450 231.407 0.480
201212 0.800 229.601 0.860
201303 -1.180 232.773 -1.251
201306 3.170 233.504 3.351
201309 2.220 234.149 2.340
201312 1.570 233.049 1.663
201403 0.830 236.293 0.867
201406 -4.980 238.343 -5.157
201409 0.600 238.031 0.622
201412 0.470 234.812 0.494
201503 0.720 236.119 0.753
201506 5.790 238.638 5.988
201509 0.820 237.945 0.851
201512 1.320 236.525 1.377
201603 0.810 238.132 0.840
201606 0.850 241.018 0.870
201609 0.440 241.428 0.450
201612 -0.050 241.432 -0.051
201703 0.890 243.801 0.901
201706 0.940 244.955 0.947
201709 0.190 246.819 0.190

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.

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

Shiller PE Ratio=Share Price/E10
=38.49/-5.04
=

* 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 Popular Inc was 42.74. The lowest was 0.00. And the median was 6.01.


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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