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Coherent (Coherent) E10 : $1.81 (As of Mar. 2022)


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What is Coherent 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.

Coherent's adjusted earnings per share data for the three months ended in Mar. 2022 was $1.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.81 for the trailing ten years ended in Mar. 2022.

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.

As of today (2024-04-25), Coherent's current stock price is $266.22. Coherent's E10 for the quarter that ended in Mar. 2022 was $1.81. Coherent's Shiller PE Ratio of today is 147.08.

During the past 13 years, the highest Shiller PE Ratio of Coherent was 166.57. The lowest was 23.61. And the median was 48.48.


Coherent E10 Historical Data

The historical data trend for Coherent'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.

Coherent E10 Chart

Coherent Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 3.81 4.28 2.42 1.64

Coherent Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 1.62 1.69 1.64 1.70 1.81

Competitive Comparison of Coherent's E10

For the Scientific & Technical Instruments subindustry, Coherent'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.


Coherent's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Coherent's Shiller PE Ratio distribution charts can be found below:

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



Coherent 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, Coherent's adjusted earnings per share data for the three months ended in Mar. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=1.35/121.3010*121.3010
=1.350

Current CPI (Mar. 2022) = 121.3010.

Coherent Quarterly Data

per share eps CPI Adj_EPS
201206 0.720 96.819 0.902
201209 0.520 97.633 0.646
201212 0.580 96.871 0.726
201303 0.610 98.209 0.753
201306 0.680 98.518 0.837
201309 0.830 98.790 1.019
201312 0.470 98.326 0.580
201403 0.610 99.695 0.742
201406 0.520 100.560 0.627
201409 0.760 100.428 0.918
201412 0.690 99.070 0.845
201503 0.740 99.621 0.901
201506 0.530 100.684 0.639
201509 1.100 100.392 1.329
201512 0.840 99.792 1.021
201603 0.730 100.470 0.881
201606 0.760 101.688 0.907
201609 1.250 101.861 1.489
201612 1.230 101.863 1.465
201703 1.690 102.862 1.993
201706 2.460 103.349 2.887
201709 2.960 104.136 3.448
201712 1.670 104.011 1.948
201803 2.610 105.290 3.007
201806 2.690 106.317 3.069
201809 2.990 106.507 3.405
201812 1.450 105.998 1.659
201903 0.850 107.251 0.961
201906 -0.130 108.070 -0.146
201909 0.030 108.329 0.034
201912 0.240 108.420 0.269
202003 -17.390 108.902 -19.370
202006 -0.360 108.767 -0.401
202009 0.320 109.815 0.353
202012 0.010 109.897 0.011
202103 -6.490 111.754 -7.044
202106 1.220 114.631 1.291
202109 0.850 115.734 0.891
202112 1.210 117.630 1.248
202203 1.350 121.301 1.350

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


Coherent  (NAS:COHR) 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.

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

Shiller PE Ratio=Share Price/E10
=266.22/1.81
=147.08

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Coherent was 166.57. The lowest was 23.61. And the median was 48.48.


Be Aware

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


Coherent E10 Related Terms

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


Coherent (Coherent) Business Description

Traded in Other Exchanges
N/A
Address
5100 Patrick Henry Drive, Santa Clara, CA, USA, 95054
Coherent Inc supplies photonics-based solutions for commercial and scientific research applications. The firm operates in two segments: OEM Laser Sources and Industrial Lasers & Systems. The OEM Laser Sources segment develops and manufactures products for the microelectronics, scientific research, government, and original equipment manufacturer markets. This business contributes the majority of revenue. The Industrial Lasers & Systems segment makes products for the materials processing, OEM components and instrumentation, and microelectronics markets, with a focus on higher-volume products that are sold in set configurations. The majority of Coherent's revenue is generated outside of the United States.
Executives
Kevin S. Palatnik officer: Chief Financial Officer 2655 SEELY AVENUE, BLDG. 5, SAN JOSE CA 95134
Jay T Flatley director 9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Pamela Fletcher director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Beverly Kay Matthews director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Sandeep Vij director C/O XILINX INC, 2100 LOGIC DRIVE, SAN JOSE CA 95124
Michael R. Mcmullen director 5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Stephen A Skaggs director 5555 NE MOORE CT., HILLSBORO OR 97124
Andreas W Mattes director, officer: President and CEO C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Garry W Rogerson director 3120 HANSEN WAY, PALO ALTO CA 943041030
Mark Stewart Sobey officer: EVP & Chief Operating Officer
Bret Dimarco officer: Exec VP & Chief Legal Officer PO BOX 54980 SANTA CLARA CA 95056-0980
Paul F Sechrist officer: EVP Worldwide Sales & Services 5100 PATRICK HENRY DR SANTA CLARA CA 95054
John Ambroseo director, officer: Pres. & CEO
Luis Spinelli officer: Exec VP, CTO P O BOX 54980 SANTA CLARA CA 950560980
Susan M. James director COHERENT, INC., P. O. BOX 54980, SANTA CLARA CA 95056-0980