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CommVault Systems Inc  (NAS:CVLT) E10: $0.57 (As of Jun. 2017)

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.

CommVault Systems Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was $-0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.57 for the trailing ten years ended in Jun. 2017.

As of today, CommVault Systems Inc's current stock price is $58.55. CommVault Systems Inc's E10 for the quarter that ended in Jun. 2017 was $0.57. CommVault Systems Inc's Shiller PE Ratio of today is 102.72.

During the past 13 years, the highest Shiller PE Ratio of CommVault Systems Inc was 7596.00. The lowest was 61.10. And the median was 162.40.


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.

CommVault Systems Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.20 0.28 0.24 0.58

CommVault Systems Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.23 0.83 0.82 0.58 0.57

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.


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, CommVault Systems Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=-0.01/244.955*244.955
=-0.010

Current CPI (Jun. 2017) = 244.955.

CommVault Systems Inc Quarterly Data

per share eps CPI Adj_EPS
200709 0.080 208.490 0.094
200712 0.180 210.036 0.210
200803 0.140 213.528 0.161
200806 0.080 218.815 0.090
200809 0.110 218.783 0.123
200812 0.090 210.228 0.105
200903 0.000 212.709 0.000
200906 0.060 215.693 0.068
200909 0.110 215.969 0.125
200912 0.120 215.949 0.136
201003 0.130 217.631 0.146
201006 0.080 217.965 0.090
201009 0.120 218.439 0.135
201012 0.160 219.179 0.179
201103 0.100 223.467 0.110
201106 0.150 225.722 0.163
201109 0.170 226.889 0.184
201112 0.150 225.672 0.163
201203 0.210 229.392 0.224
201206 0.210 229.478 0.224
201209 0.290 231.407 0.307
201212 0.250 229.601 0.267
201303 0.350 232.773 0.368
201306 0.270 233.504 0.283
201309 0.350 234.149 0.366
201312 0.350 233.049 0.368
201403 0.320 236.293 0.332
201406 0.270 238.343 0.277
201409 0.140 238.031 0.144
201412 0.070 234.812 0.073
201503 0.070 236.119 0.073
201506 -0.030 238.638 -0.031
201509 -0.200 237.945 -0.206
201512 0.100 236.525 0.104
201603 0.123 238.132 0.127
201606 -0.060 241.018 -0.061
201609 -0.010 241.428 -0.010
201612 -0.001 241.432 -0.001
201703 0.070 243.801 0.070
201706 -0.010 244.955 -0.010

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

CommVault Systems Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=58.55/0.57
=102.72

* 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 CommVault Systems Inc was 7596.00. The lowest was 61.10. And the median was 162.40.


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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