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CMRZF (Commerce Resources) E10 : $-0.06 (As of Jul. 2024)


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What is Commerce Resources E10?

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.

Commerce Resources's adjusted earnings per share data for the three months ended in Jul. 2024 was $-0.117. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.06 for the trailing ten years ended in Jul. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Commerce Resources was 27.10% per year. The lowest was 5.90% per year. And the median was 25.45% per year.

As of today (2025-03-03), Commerce Resources's current stock price is $0.05139. Commerce Resources's E10 for the quarter that ended in Jul. 2024 was $-0.06. Commerce Resources's Shiller PE Ratio of today is .


Commerce Resources E10 Historical Data

The historical data trend for Commerce Resources's E10 can be seen below:

* 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.

Commerce Resources E10 Chart

Commerce Resources Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 - -0.05 - -0.05

Commerce Resources Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
E10 Get a 7-Day Free Trial 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 -0.05 -0.05 -0.04 -0.04 -0.06

Competitive Comparison of Commerce Resources's E10

For the Other Industrial Metals & Mining subindustry, Commerce Resources's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* 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.


Commerce Resources's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Commerce Resources's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Commerce Resources's Shiller PE Ratio falls into.



Commerce Resources 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, Commerce Resources's adjusted earnings per share data for the three months ended in Jul. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=-0.117/128.0748*128.0748
=-0.117

Current CPI (Jul. 2024) = 128.0748.

Commerce Resources Quarterly Data

per share eps CPI Adj_EPS
201410 0.000 99.473 0.000
201501 -0.014 98.209 -0.018
201504 -0.004 99.710 -0.005
201507 -0.001 100.579 -0.001
201510 -0.073 100.500 -0.093
201601 -0.014 100.184 -0.018
201604 -0.008 101.370 -0.010
201607 -0.011 101.844 -0.014
201610 0.001 102.002 0.001
201701 -0.008 102.318 -0.010
201704 -0.008 103.029 -0.010
201707 -0.020 103.029 -0.025
201710 -0.001 103.424 -0.001
201801 -0.007 104.056 -0.009
201804 -0.005 105.320 -0.006
201807 -0.008 106.110 -0.010
201810 -0.008 105.952 -0.010
201901 -0.008 105.557 -0.010
201904 -0.007 107.453 -0.008
201907 -0.004 108.243 -0.005
201910 -0.015 107.927 -0.018
202001 -0.008 108.085 -0.009
202004 -0.007 107.216 -0.008
202007 -0.003 108.401 -0.004
202010 0.000 108.638 0.000
202101 -0.008 109.192 -0.009
202104 -0.008 110.851 -0.009
202107 -0.002 112.431 -0.002
202110 0.008 113.695 0.009
202201 -0.008 114.801 -0.009
202204 -0.001 118.357 -0.001
202207 -0.002 120.964 -0.002
202210 0.000 121.517 0.000
202301 -0.001 121.596 -0.001
202304 -0.007 123.571 -0.007
202307 -0.008 124.914 -0.008
202310 -0.007 125.310 -0.007
202401 -0.001 125.072 -0.001
202404 -0.001 126.890 -0.001
202407 -0.117 128.075 -0.117

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


Commerce Resources  (OTCPK:CMRZF) 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.


Be Aware

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


Commerce Resources E10 Related Terms

Thank you for viewing the detailed overview of Commerce Resources's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Commerce Resources Business Description

Traded in Other Exchanges
Address
789 West Pender, Suite 1450, Vancouver, BC, CAN, V6C 1H2
Commerce Resources Corp is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favorable grade, and has demonstrated the production of high-grade mineral concentrates at high recovery. The Ashram Deposit also has a fluorspar component which could be a long-term supplier to the met-spar and acid-spar markets. The Company is focused on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the market.

Commerce Resources Headlines

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