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Cenveo Inc  (NAS:CVO) E10: $-11.47 (As of Sep. 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.

Cenveo Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $-3.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-11.47 for the trailing ten years ended in Sep. 2017.

As of today, Cenveo Inc's current stock price is $1.20. Cenveo Inc's E10 for the quarter that ended in Sep. 2017 was $-11.47. Cenveo Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Cenveo Inc was 602.00. The lowest was 0.00. And the median was 24.62.


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.

Cenveo Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.14 -10.28 -10.95 -8.83 -10.39

Cenveo Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -9.94 -10.39 -10.91 -10.98 -11.47

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, Cenveo Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=-3.27/246.819*246.819
=-3.270

Current CPI (Sep. 2017) = 246.819.

Cenveo Inc Quarterly Data

per share eps CPI Adj_EPS
200712 2.400 210.036 2.820
200803 -0.480 213.528 -0.555
200806 0.400 218.815 0.451
200809 1.840 218.783 2.076
200812 -46.000 210.228 -54.006
200903 -0.640 212.709 -0.743
200906 -2.720 215.693 -3.113
200909 0.160 215.969 0.183
200912 -1.200 215.949 -1.372
201003 -1.440 217.631 -1.633
201006 -1.071 217.965 -1.213
201009 -20.160 218.439 -22.779
201012 -1.200 219.179 -1.351
201103 0.320 223.467 0.353
201106 0.080 225.722 0.087
201109 0.320 226.889 0.348
201112 -1.840 225.672 -2.012
201203 -3.440 229.392 -3.701
201206 -0.080 229.478 -0.086
201209 0.480 231.407 0.512
201212 -7.200 229.601 -7.740
201303 -2.400 232.773 -2.545
201306 -2.400 233.504 -2.537
201309 2.560 234.149 2.699
201312 -7.200 233.049 -7.625
201403 -1.920 236.293 -2.006
201406 -4.640 238.343 -4.805
201409 -1.280 238.031 -1.327
201412 -2.160 234.812 -2.270
201503 -0.880 236.119 -0.920
201506 -0.280 238.638 -0.290
201509 -0.380 237.945 -0.394
201512 -2.070 236.525 -2.160
201603 1.200 238.132 1.244
201606 4.820 241.018 4.936
201609 1.080 241.428 1.104
201612 -0.040 241.432 -0.041
201703 -1.020 243.801 -1.033
201706 -0.220 244.955 -0.222
201709 -3.270 246.819 -3.270

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.

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

Shiller PE Ratio=Share Price/E10
=1.20/-11.47
=

* 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 Cenveo Inc was 602.00. The lowest was 0.00. And the median was 24.62.


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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