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Equifax (NYSE:EFX) E10

: $4.09 (As of Dec. 2023)
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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.

Equifax's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.09 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Equifax's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 13.50% per year. During the past 5 years, the average E10 Growth Rate was 8.40% per year. During the past 10 years, the average E10 Growth Rate was 5.40% per year. 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 Equifax was 15.90% per year. The lowest was -2.40% per year. And the median was 7.05% per year.

As of today (2024-02-22), Equifax's current stock price is $265.18. Equifax's E10 for the quarter that ended in Dec. 2023 was $4.09. Equifax's Shiller PE Ratio of today is 64.84.

During the past 13 years, the highest Shiller PE Ratio of Equifax was 89.16. The lowest was 25.94. And the median was 47.39.


Equifax E10 Historical Data

The historical data trend for Equifax'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.

Equifax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 2.80 3.39 3.89 4.09

Equifax Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.89 3.94 4.00 4.08 4.09

Competitive Comparison

For the Consulting Services subindustry, Equifax'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.


Equifax Shiller PE Ratio Distribution

For the Business Services industry and Industrials sector, Equifax's Shiller PE Ratio distribution charts can be found below:

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



Equifax 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, Equifax's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.06/129.4194*129.4194
=1.060

Current CPI (Dec. 2023) = 129.4194.

Equifax Quarterly Data

per share eps CPI Adj_EPS
201403 0.670 99.695 0.870
201406 0.750 100.560 0.965
201409 0.750 100.428 0.967
201412 0.800 99.070 1.045
201503 0.730 99.621 0.948
201506 0.920 100.684 1.183
201509 0.980 100.392 1.263
201512 0.930 99.792 1.206
201603 0.850 100.470 1.095
201606 1.080 101.688 1.375
201609 1.090 101.861 1.385
201612 1.010 101.863 1.283
201703 1.260 102.862 1.585
201706 1.360 103.349 1.703
201709 0.790 104.136 0.982
201712 1.420 104.011 1.767
201803 0.750 105.290 0.922
201806 1.190 106.317 1.449
201809 0.320 106.507 0.389
201812 0.300 105.998 0.366
201903 -4.600 107.251 -5.551
201906 0.550 108.070 0.659
201909 0.660 108.329 0.788
201912 0.070 108.420 0.084
202003 0.950 108.902 1.129
202006 0.820 108.767 0.976
202009 1.860 109.815 2.192
202012 0.610 109.897 0.718
202103 1.640 111.754 1.899
202106 1.740 114.631 1.964
202109 1.660 115.734 1.856
202112 0.990 117.630 1.089
202203 1.800 121.301 1.920
202206 1.630 125.017 1.687
202209 1.340 125.227 1.385
202212 0.880 125.222 0.909
202303 0.910 127.348 0.925
202306 1.120 128.729 1.126
202309 1.310 129.860 1.306
202312 1.060 129.419 1.060

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


Equifax  (NYSE:EFX) 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.

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

Shiller PE Ratio=Share Price/E10
=265.18/4.09
=64.84

* 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 Equifax was 89.16. The lowest was 25.94. And the median was 47.39.


Be Aware

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


Equifax E10 Related Terms

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


Equifax (NYSE:EFX) Business Description

Traded in Other Exchanges
Address
1550 Peachtree Street N.W., Atlanta, GA, USA, 30309
Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax's credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders' credit decisions. In addition, about a third of the firm's revenue comes from workforce solutions, which provides income verification and employer human resources services. Equifax generates over 20% of its revenue from outside the United States.
Executives
Kelley John J Iii officer: CVP & CLC 1550 PEACHTREE STREET, NW, ATLANTA GA 30309
Julia A Houston officer: Chief Transformation Officer 1155 PERIMETER CENTER WEST, ATLANTA GA 30338
Rodolfo O Ploder officer: Group Executive C/O EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Bryson R Koehler officer: Chief Technology Officer 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Mark W Begor director, officer: CEO 181 METRO DRIVE, SAN JOSE CA 95110
Melissa D Goodwin director C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Gamble John W Jr officer: CVP & CFO ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
James M Griggs officer: SVP & Corp Controller 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Carla Chaney officer: CVP & Chief HR Officer 5302 LAKE VIEW CLUB, DUNWOODY GA 30338
Todd Michael Horvath officer: EVP, President USIS EQUIFAX INC, 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Karen Linn Fichuk director EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Lisa M Nelson officer: President-International EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Sid Singh officer: President - USIS 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Prasanna Dhore officer: Chief Data & Analytics Officer 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Audrey B Tillman director 1932 WYNNTON RD, COLUMBUS GA 31999