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Chipotle Mexican Grill E10

: $9.35 (As of Dec. 2019)
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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.

Chipotle Mexican Grill's adjusted earnings per share data for the three months ended in Dec. 2019 was $2.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $9.35 for the trailing ten years ended in Dec. 2019.

As of today (2020-02-28), Chipotle Mexican Grill's current stock price is $746.15. Chipotle Mexican Grill's E10 for the quarter that ended in Dec. 2019 was $9.35. Chipotle Mexican Grill's Shiller PE Ratio of today is 79.80.

During the past 13 years, the highest Shiller PE Ratio of Chipotle Mexican Grill was 128.64. The lowest was 32.34. And the median was 62.81.


Chipotle Mexican Grill 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.

Chipotle Mexican Grill Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.26 7.32 7.90 8.41 9.35

Chipotle Mexican Grill Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 8.41 8.72 9.00 9.21 9.35

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.


Chipotle Mexican Grill E10 Distribution

* The bar in red indicates where Chipotle Mexican Grill's E10 falls into.



Chipotle Mexican Grill 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.

For example, Chipotle Mexican Grill's adjusted earnings per share data for the three months ended in Dec. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=2.55/257.14*257.14
=2.550

Current CPI (Dec. 2019) = 257.14.

Chipotle Mexican Grill Quarterly Data

per share eps CPI Adj_EPS
201003 1.190 217.630 1.406
201006 1.460 217.970 1.722
201009 1.520 218.440 1.789
201012 1.460 219.180 1.713
201103 1.460 223.470 1.680
201106 1.590 225.720 1.811
201109 1.900 226.890 2.153
201112 1.810 225.670 2.062
201203 1.970 229.390 2.208
201206 2.560 229.480 2.869
201209 2.270 231.410 2.522
201212 1.950 229.600 2.184
201303 2.450 232.770 2.707
201306 2.820 233.500 3.106
201309 2.660 234.150 2.921
201312 2.530 233.050 2.792
201403 2.640 236.290 2.873
201406 3.500 238.340 3.776
201409 4.150 238.030 4.483
201412 3.840 234.810 4.205
201503 3.880 236.120 4.225
201506 4.450 238.640 4.795
201509 4.590 237.940 4.960
201512 2.170 236.530 2.359
201603 -0.880 238.130 -0.950
201606 0.870 241.020 0.928
201609 0.270 241.430 0.288
201612 0.550 241.430 0.586
201703 1.600 243.800 1.688
201706 2.320 244.960 2.435
201709 0.690 246.820 0.719
201712 1.550 246.520 1.617
201803 2.130 249.550 2.195
201806 1.680 251.990 1.714
201809 1.360 252.440 1.385
201812 1.150 251.230 1.177
201903 3.130 254.200 3.166
201906 3.220 256.140 3.233
201909 3.470 256.760 3.475
201912 2.550 257.140 2.550

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


Chipotle Mexican Grill  (NYSE:CMG) 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.

Chipotle Mexican Grill's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=746.15/9.35
=79.80

* 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 Chipotle Mexican Grill was 128.64. The lowest was 32.34. And the median was 62.81.


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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