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Comerica E10

: $0.00 (As of Jun. 2021)
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Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Comerica's adjusted earnings per share data for the three months ended in Jun. 2021 was $2.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Jun. 2021.

As of today (2021-08-04), Comerica's current stock price is $69.37. Comerica's E10 for the quarter that ended in Jun. 2021 was $0.00. Comerica's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Comerica was 44.05. The lowest was 6.27. And the median was 15.69.


Comerica E10 Historical Data

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comerica Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.29 2.24 2.85 3.84 4.13

Comerica Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 3.90 4.04 4.13 4.37 -

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. Note that "N/A" values will not show up in the chart.
   

Comerica E10 Distribution

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



Comerica 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, Comerica's adjusted earnings per share data for the three months ended in Jun. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=2.32/113.5762*113.5762
=2.320

Current CPI (Jun. 2021) = 113.5762.

Comerica Quarterly Data

per share eps CPI Adj_EPS
201109 0.510 95.727 0.605
201112 0.480 95.213 0.573
201203 0.660 96.783 0.775
201206 0.730 96.819 0.856
201209 0.610 97.633 0.710
201212 0.680 96.871 0.797
201303 0.700 98.209 0.810
201306 0.760 98.518 0.876
201309 0.780 98.790 0.897
201312 0.620 98.326 0.716
201403 0.730 99.695 0.832
201406 0.800 100.560 0.904
201409 0.820 100.428 0.927
201412 0.800 99.070 0.917
201503 0.730 99.621 0.832
201506 0.730 100.684 0.823
201509 0.740 100.392 0.837
201512 0.640 99.792 0.728
201603 0.340 100.470 0.384
201606 0.580 101.688 0.648
201609 0.840 101.861 0.937
201612 0.920 101.863 1.026
201703 1.110 102.862 1.226
201706 1.130 103.349 1.242
201709 1.260 104.136 1.374
201712 0.630 104.011 0.688
201803 1.590 105.290 1.715
201806 1.870 106.317 1.998
201809 1.860 106.507 1.983
201812 1.880 105.998 2.014
201903 2.110 107.251 2.234
201906 1.940 108.070 2.039
201909 1.960 108.329 2.055
201912 1.850 108.420 1.938
202003 -0.420 108.902 -0.438
202006 0.840 108.767 0.877
202009 1.440 109.815 1.489
202012 1.490 109.897 1.540
202103 2.430 111.754 2.470
202106 2.320 113.576 2.320

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


Comerica  (NYSE:CMA) 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.

During the past 13 years, the highest Shiller P/E Ratio of Comerica was 44.05. The lowest was 6.27. And the median was 15.69.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Comerica E10 Related Terms


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