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Carver Bancorp Inc  (NAS:CARV) E10: $-42.83 (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.

Carver Bancorp Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $-0.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-42.83 for the trailing ten years ended in Sep. 2017.

As of today, Carver Bancorp Inc's current stock price is $4.43. Carver Bancorp Inc's E10 for the quarter that ended in Sep. 2017 was $-42.83. Carver Bancorp Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Carver Bancorp Inc was 31.63. The lowest was 0.00. And the median was 11.06.


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.

Carver Bancorp Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -29.29 -33.14 -35.05 -38.06 -40.67

Carver Bancorp 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 -38.34 -39.34 -40.67 -41.86 -42.83

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, Carver Bancorp 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)
=-0.16/246.819*246.819
=-0.160

Current CPI (Sep. 2017) = 246.819.

Carver Bancorp Inc Quarterly Data

per share eps CPI Adj_EPS
200712 9.300 210.036 10.929
200803 2.850 213.528 3.294
200806 4.050 218.815 4.568
200809 3.750 218.783 4.231
200812 -43.650 210.228 -51.247
200903 -7.350 212.709 -8.529
200906 2.700 215.693 3.090
200909 -3.300 215.969 -3.771
200912 3.300 215.949 3.772
201003 -14.550 217.631 -16.501
201006 -16.350 217.965 -18.514
201009 -141.719 218.439 -160.131
201012 -49.580 219.179 -55.832
201103 -34.580 223.467 -38.194
201106 -37.650 225.722 -41.169
201109 -58.670 226.889 -63.824
201112 -0.260 225.672 -0.284
201203 2.550 229.392 2.744
201206 -0.100 229.478 -0.108
201209 -0.040 231.407 -0.043
201212 0.130 229.601 0.140
201303 0.190 232.773 0.201
201306 0.110 233.504 0.116
201309 0.090 234.149 0.095
201312 -0.220 233.049 -0.233
201403 -0.210 236.293 -0.219
201406 0.050 238.343 0.052
201409 0.060 238.031 0.062
201412 0.030 234.812 0.032
201503 -0.200 236.119 -0.209
201506 0.050 238.638 0.052
201509 -0.040 237.945 -0.041
201512 0.060 236.525 0.063
201603 -0.570 238.132 -0.591
201606 0.040 241.018 0.041
201609 -0.070 241.428 -0.072
201612 -0.310 241.432 -0.317
201703 -0.500 243.801 -0.506
201706 -0.170 244.955 -0.171
201709 -0.160 246.819 -0.160

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.

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

Shiller PE Ratio=Share Price/E10
=4.43/-42.83
=

* 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 Carver Bancorp Inc was 31.63. The lowest was 0.00. And the median was 11.06.


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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