GURUFOCUS.COM » STOCK LIST » USA » NYSE » EnerSys (NYSE:ENS) » Definitions » E10
Switch to:

EnerSys (NYSE:ENS) E10

: $4.13 (As of Jun. 2023)
View and export this data going back to 2004. Start your Free Trial

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.

EnerSys's adjusted earnings per share data for the three months ended in Jun. 2023 was $1.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.13 for the trailing ten years ended in Jun. 2023.

During the past 12 months, EnerSys's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 5.60% per year. During the past 5 years, the average E10 Growth Rate was 6.30% per year. During the past 10 years, the average E10 Growth Rate was 10.00% 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 EnerSys was 30.90% per year. The lowest was 5.60% per year. And the median was 9.30% per year.

As of today (2023-09-30), EnerSys's current stock price is $94.67. EnerSys's E10 for the quarter that ended in Jun. 2023 was $4.13. EnerSys's Shiller PE Ratio of today is 22.92.

During the past 13 years, the highest Shiller PE Ratio of EnerSys was 47.25. The lowest was 12.14. And the median was 24.93.


EnerSys E10 Historical Data

The historical data trend for EnerSys'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.

EnerSys Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.21 3.43 3.58 3.86 4.04

EnerSys Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 3.93 3.91 3.91 4.04 4.13

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=1.6/128.7287*128.7287
=1.600

Current CPI (Jun. 2023) = 128.7287.

EnerSys Quarterly Data

per share eps CPI Adj_EPS
201309 0.840 98.790 1.095
201312 1.100 98.326 1.440
201403 0.250 99.695 0.323
201406 0.990 100.560 1.267
201409 1.160 100.428 1.487
201412 1.040 99.070 1.351
201503 0.570 99.621 0.737
201506 1.030 100.684 1.317
201509 0.870 100.392 1.116
201512 0.860 99.792 1.109
201603 0.210 100.470 0.269
201606 1.020 101.688 1.291
201609 1.040 101.861 1.314
201612 0.820 101.863 1.036
201703 0.760 102.862 0.951
201706 1.090 103.349 1.358
201709 1.000 104.136 1.236
201712 -0.610 104.011 -0.755
201803 1.270 105.290 1.553
201806 1.080 106.317 1.308
201809 1.110 106.507 1.342
201812 1.120 105.998 1.360
201903 0.420 107.251 0.504
201906 1.130 108.070 1.346
201909 1.470 108.329 1.747
201912 0.640 108.420 0.760
202003 -0.040 108.902 -0.047
202006 0.820 108.767 0.970
202009 0.830 109.815 0.973
202012 0.890 109.897 1.043
202103 0.780 111.754 0.898
202106 1.010 114.631 1.134
202109 0.820 115.734 0.912
202112 0.850 117.630 0.930
202203 0.670 121.301 0.711
202206 0.750 125.017 0.772
202209 0.840 125.227 0.863
202212 1.080 125.222 1.110
202303 1.590 127.348 1.607
202306 1.600 128.729 1.600

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


EnerSys  (NYSE:ENS) 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.

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

Shiller PE Ratio=Share Price/E10
=94.67/4.13
=22.92

* 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 EnerSys was 47.25. The lowest was 12.14. And the median was 24.93.


Be Aware

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


EnerSys E10 Related Terms

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


EnerSys (NYSE:ENS) Business Description

EnerSys logo
Traded in Other Exchanges
Address
2366 Bernville Road, Reading, PA, USA, 19605
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
Executives
Tamara Morytko director 1250 NE LOOP 410, SUITE 1000, SAN ANTONIO TX 78209
Rudolph W. Wynter director C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605
Andrea J. Funk officer: EVP & Chief Financial Officer C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Joern Tinnemeyer officer: Sr. VP & CTO C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605
Steven M Fludder director 264 NANTASKET ROAD, HULL MA 02045
Caroline Chan director 2366 BERNVILLE ROAD, READING PA 19605
Shawn M. O'connell officer: Pres, Motive Power Americas 2366 BERNVILLE ROAD, READING PA 19605
Andrew M. Zogby officer: Pres, Energy Systems-Americas 2366 BERNVILLE ROAD, READING PA 19605
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Ronald P Vargo director 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Myles Jones officer: President - Asia C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605
Holger P Aschke officer: President - EMEA C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605
Paul J Tufano director C/O SOLECTRON CORPORATION, 847 GIBRALTAR DR., MILPITAS CA 95035
Jeffrey W. Long officer: President, Americas C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605
David M Shaffer officer: President, EMEA C/O ENERSYS, 2366 BERNVILLE ROAD, READING PA 19605