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Clorox Co E10

: $5.34 (As of Mar. 2020)
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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.

Clorox Co's adjusted earnings per share data for the three months ended in Mar. 2020 was $1.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.34 for the trailing ten years ended in Mar. 2020.

As of today (2020-08-03), Clorox Co's current stock price is $231.96. Clorox Co's E10 for the quarter that ended in Mar. 2020 was $5.34. Clorox Co's Shiller PE Ratio of today is 43.44.

During the past 13 years, the highest Shiller PE Ratio of Clorox Co was 44.29. The lowest was 16.79. And the median was 25.54.


Clorox Co E10 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.

Clorox Co Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.15 4.33 4.55 4.94 5.21

Clorox Co Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 5.15 5.21 5.26 5.32 5.34

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.


Clorox Co E10 Distribution

* The bar in red indicates where Clorox Co's E10 falls into.



Clorox Co E10 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.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Clorox Co's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=1.89/108.1733*108.1733
=1.890

Current CPI (Mar. 2020) = 108.1733.

Clorox Co Quarterly Data

per share eps CPI Adj_EPS
201006 1.200 91.981 1.411
201009 1.520 92.277 1.782
201012 0.150 92.914 0.175
201103 1.090 94.890 1.243
201106 1.260 95.319 1.430
201109 0.980 95.529 1.110
201112 0.790 95.632 0.894
201203 1.010 97.075 1.125
201206 1.320 96.661 1.477
201209 1.010 97.595 1.119
201212 0.930 97.158 1.035
201303 1.000 98.107 1.103
201306 1.370 98.557 1.504
201309 1.030 98.536 1.131
201312 0.870 98.692 0.954
201403 1.040 100.023 1.125
201406 1.290 100.520 1.388
201409 0.680 100.176 0.734
201412 0.950 98.604 1.042
201503 1.300 99.824 1.409
201506 1.460 100.691 1.568
201509 1.310 100.346 1.412
201512 1.130 99.957 1.223
201603 1.230 100.947 1.318
201606 1.260 101.524 1.343
201609 1.360 101.988 1.442
201612 1.140 102.456 1.204
201703 1.310 103.167 1.374
201706 1.520 103.278 1.592
201709 1.460 104.070 1.518
201712 1.770 104.578 1.831
201803 1.370 105.708 1.402
201806 1.660 106.324 1.689
201809 1.620 106.695 1.642
201812 1.400 106.200 1.426
201903 1.440 107.818 1.445
201906 1.880 108.250 1.879
201909 1.590 108.577 1.584
201912 1.460 108.841 1.451
202003 1.890 108.173 1.890

Add all the adjusted EPS together and divide 10 will get our e10.


Clorox Co  (NYSE:CLX) 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.

Clorox Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=231.96/5.34
=43.44

* 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 Clorox Co was 44.29. The lowest was 16.79. And the median was 25.54.


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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