GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (NAS:ESEA) » Definitions » E10

Euroseas (Euroseas) E10 : $-6.23 (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Euroseas E10?

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.

Euroseas's adjusted earnings per share data for the three months ended in Mar. 2024 was $2.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-6.23 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 37.10% per year. During the past 5 years, the average E10 Growth Rate was 21.20% 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 Euroseas was 37.10% per year. The lowest was -34.80% per year. And the median was 5.00% per year.

As of today (2024-06-15), Euroseas's current stock price is $35.41. Euroseas's E10 for the quarter that ended in Mar. 2024 was $-6.23. Euroseas's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Euroseas was 4.04. The lowest was 0.44. And the median was 0.91.


Euroseas E10 Historical Data

The historical data trend for Euroseas'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.

Euroseas E10 Chart

Euroseas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.77 -27.51 -27.88 -25.55 -6.86

Euroseas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial 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 -24.65 -23.09 -22.14 -6.86 -6.23

Competitive Comparison of Euroseas's E10

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroseas's Shiller PE Ratio distribution charts can be found below:

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



Euroseas 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, Euroseas's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.87/117.2848*117.2848
=2.870

Current CPI (Mar. 2024) = 117.2848.

Euroseas Quarterly Data

per share eps CPI Adj_EPS
201406 -6.647 103.060 -7.564
201409 -5.760 102.624 -6.583
201412 -9.097 100.254 -10.642
201503 -8.000 100.549 -9.332
201506 -5.120 100.838 -5.955
201509 -2.320 100.856 -2.698
201512 -4.000 100.087 -4.687
201603 -3.200 99.041 -3.789
201606 -19.360 100.121 -22.679
201609 -4.880 99.878 -5.730
201612 -17.360 100.110 -20.338
201703 -1.920 100.770 -2.235
201706 -1.040 101.138 -1.206
201709 -4.240 100.882 -4.929
201712 1.040 100.762 1.211
201803 -1.360 100.534 -1.587
201806 1.520 102.121 1.746
201809 4.240 101.982 4.876
201812 -0.560 101.330 -0.648
201903 -0.320 101.482 -0.370
201906 -1.120 101.837 -1.290
201909 -0.100 101.906 -0.115
201912 -0.180 102.120 -0.207
202003 0.320 101.479 0.370
202006 0.200 100.239 0.234
202009 0.010 99.886 0.012
202012 0.070 99.751 0.082
202103 0.530 99.817 0.623
202106 1.110 101.270 1.286
202109 1.170 102.095 1.344
202112 3.130 104.853 3.501
202203 4.130 108.651 4.458
202206 4.240 113.517 4.381
202209 3.500 114.371 3.589
202212 2.860 112.428 2.984
202303 4.100 113.620 4.232
202306 4.150 115.515 4.214
202309 4.650 116.234 4.692
202312 3.560 116.364 3.588
202403 2.870 117.285 2.870

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


Euroseas  (NAS:ESEA) 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.

During the past 13 years, the highest Shiller P/E Ratio of Euroseas was 4.04. The lowest was 0.44. And the median was 0.91.


Be Aware

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


Euroseas E10 Related Terms

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


Euroseas (Euroseas) Business Description

Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

From GuruFocus

Euroseas Ltd. to Participate at Capital Link's Corporate Presentation Series

By Stock market mentor Stock market mentor 01-19-2023

Euroseas Ltd. Announces Filing of Form 20-F with the SEC

By sperokesalga sperokesalga 05-01-2023