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Eldorado Gold Corp  (NYSE:EGO) E10: $-0.15 (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.

Eldorado Gold Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.15 for the trailing ten years ended in Jun. 2017.

As of today, Eldorado Gold Corp's current stock price is $2.13. Eldorado Gold Corp's E10 for the quarter that ended in Jun. 2017 was $-0.15. Eldorado Gold Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Eldorado Gold Corp was 563.00. The lowest was 0.00. And the median was 79.72.


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.

Eldorado Gold Corp 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 0.20 0.13 0.14 -0.07 -0.13

Eldorado Gold Corp 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 -0.12 -0.12 -0.13 -0.13 -0.15

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, Eldorado Gold Corp'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)
=0.02/244.955*244.955
=0.020

Current CPI (Jun. 2017) = 244.955.

Eldorado Gold Corp Quarterly Data

per share eps CPI Adj_EPS
200709 0.020 208.490 0.023
200712 -0.030 210.036 -0.035
200803 0.060 213.528 0.069
200806 0.130 218.815 0.146
200809 0.050 218.783 0.056
200812 0.280 210.228 0.326
200903 0.040 212.709 0.046
200906 0.100 215.693 0.114
200909 0.080 215.969 0.091
200912 0.080 215.949 0.091
201003 0.090 217.631 0.101
201006 0.100 217.965 0.112
201009 0.130 218.439 0.146
201012 0.080 219.179 0.089
201103 0.100 223.467 0.110
201106 0.140 225.722 0.152
201109 0.190 226.889 0.205
201112 0.160 225.672 0.174
201203 0.110 229.392 0.117
201206 0.070 229.478 0.075
201209 0.110 231.407 0.116
201212 0.160 229.601 0.171
201303 -0.060 232.773 -0.063
201306 0.060 233.504 0.063
201309 0.050 234.149 0.052
201312 -0.960 233.049 -1.009
201403 0.040 236.293 0.041
201406 0.050 238.343 0.051
201409 0.030 238.031 0.031
201412 0.020 234.812 0.021
201503 -0.010 236.119 -0.010
201506 -0.280 238.638 -0.287
201509 -0.130 237.945 -0.134
201512 -1.730 236.525 -1.792
201603 -0.010 238.132 -0.010
201606 -0.460 241.018 -0.468
201609 0.030 241.428 0.030
201612 -0.050 241.432 -0.051
201703 0.010 243.801 0.010
201706 0.020 244.955 0.020

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.

Eldorado Gold Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.13/-0.15
=

* 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 Eldorado Gold Corp was 563.00. The lowest was 0.00. And the median was 79.72.


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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