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E.I. du Pont de Nemours & Co  (NYSE:DD) E10: $3.57 (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.

E.I. du Pont de Nemours & Co's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.57 for the trailing ten years ended in Jun. 2017.

As of today, E.I. du Pont de Nemours & Co's current stock price is $83.93. E.I. du Pont de Nemours & Co's E10 for the quarter that ended in Jun. 2017 was $3.57. E.I. du Pont de Nemours & Co's Shiller PE Ratio of today is 23.51.

During the past 13 years, the highest Shiller PE Ratio of E.I. du Pont de Nemours & Co was 23.74. The lowest was 4.79. And the median was 16.09.


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.

E.I. du Pont de Nemours & Co 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 2.85 3.31 3.48 3.48 3.51

E.I. du Pont de Nemours & Co 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 3.57 0.00 3.51 3.55 3.57

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, E.I. du Pont de Nemours & Co'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)
=0.99/244.955*244.955
=0.990

Current CPI (Jun. 2017) = 244.955.

E.I. du Pont de Nemours & Co Quarterly Data

per share eps CPI Adj_EPS
200709 0.560 208.490 0.658
200712 0.610 210.036 0.711
200803 1.310 213.528 1.503
200806 1.180 218.815 1.321
200809 0.400 218.783 0.448
200812 -0.700 210.228 -0.816
200903 0.540 212.709 0.622
200906 0.460 215.693 0.522
200909 0.450 215.969 0.510
200912 0.480 215.949 0.544
201003 1.240 217.631 1.396
201006 1.260 217.965 1.416
201009 0.400 218.439 0.449
201012 0.390 219.179 0.436
201103 1.520 223.467 1.666
201106 1.290 225.722 1.400
201109 0.480 226.889 0.518
201112 0.490 225.672 0.532
201203 1.580 229.392 1.687
201206 1.230 229.478 1.313
201209 0.000 231.407 0.000
201212 0.090 229.601 0.096
201303 3.580 232.773 3.767
201306 1.110 233.504 1.164
201309 0.300 234.149 0.314
201312 0.190 233.049 0.200
201403 1.540 236.293 1.596
201406 1.150 238.343 1.182
201409 0.470 238.031 0.484
201412 0.750 234.812 0.782
201503 1.130 236.119 1.172
201506 1.030 238.638 1.057
201509 0.260 237.945 0.268
201512 -0.270 236.525 -0.280
201603 1.390 238.132 1.430
201606 1.160 241.018 1.179
201609 0.000 241.428 0.000
201612 0.300 241.432 0.304
201703 1.270 243.801 1.276
201706 0.990 244.955 0.990

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.

E.I. du Pont de Nemours & Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=83.93/3.57
=23.51

* 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 E.I. du Pont de Nemours & Co was 23.74. The lowest was 4.79. And the median was 16.09.


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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