Switch to:
Blyth Inc  (NYSE:BTH) E10: $0.16 (As of Jun. 2015)

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.

Blyth Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was $-0.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.16 for the trailing ten years ended in Jun. 2015.

As of today, Blyth Inc's current stock price is $5.99. Blyth Inc's E10 for the quarter that ended in Jun. 2015 was $0.16. Blyth Inc's Shiller PE Ratio of today is 37.44.


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.

Blyth Inc Annual Data

Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Dec12 Dec13 Dec14
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.86 1.60 0.97 0.49 0.59

Blyth Inc Quarterly Data

Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 0.24 0.86 0.59 0.27 0.16

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, Blyth Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)
=-0.55/238.638*238.638
=-0.550

Current CPI (Jun. 2015) = 238.638.

Blyth Inc Quarterly Data

per share eps CPI Adj_EPS
200507 0.200 195.400 0.244
200510 1.120 199.200 1.342
200601 -0.605 198.300 -0.728
200604 -1.500 201.500 -1.776
200607 -4.480 203.500 -5.254
200610 0.000 201.800 0.000
200701 0.843 202.416 0.994
200704 0.600 206.686 0.693
200707 0.160 208.299 0.183
200710 0.340 208.936 0.388
200801 -0.565 211.080 -0.639
200804 0.065 214.823 0.072
200807 0.165 219.964 0.179
200810 -1.860 216.573 -2.050
200901 0.743 211.143 0.840
200904 0.135 213.240 0.151
200907 -0.870 215.351 -0.964
200910 -0.055 216.177 -0.061
201001 1.772 216.687 1.952
201004 0.255 218.009 0.279
201007 0.045 218.011 0.049
201010 0.155 218.711 0.169
201101 1.066 220.223 1.155
201104 -0.175 224.906 -0.186
201107 -0.185 225.922 -0.195
201110 0.050 226.421 0.053
201203 0.430 229.392 0.447
201206 0.460 229.478 0.478
201209 0.040 231.407 0.041
201212 -0.365 229.601 -0.379
201303 0.160 232.773 0.164
201306 -0.200 233.504 -0.204
201309 -0.530 234.149 -0.540
201312 0.597 233.049 0.611
201403 -0.170 236.293 -0.172
201406 -0.280 238.343 -0.280
201409 6.570 238.031 6.587
201412 -0.757 234.812 -0.769
201503 -0.770 236.119 -0.778
201506 -0.550 238.638 -0.550

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.

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

Shiller PE Ratio=Share Price/E10
=5.99/0.16
=37.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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