Switch to:
Expeditors International of Washington Inc  (NAS:EXPD) E10: $1.92 (As of Sep. 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.

Expeditors International of Washington Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.92 for the trailing ten years ended in Sep. 2017.

As of today, Expeditors International of Washington Inc's current stock price is $59.09. Expeditors International of Washington Inc's E10 for the quarter that ended in Sep. 2017 was $1.92. Expeditors International of Washington Inc's Shiller PE Ratio of today is 30.78.

During the past 13 years, the highest Shiller PE Ratio of Expeditors International of Washington Inc was 88.91. The lowest was 25.58. And the median was 33.99.


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.

Expeditors International of Washington Inc 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 1.25 1.39 1.50 1.65 1.80

Expeditors International of Washington Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 1.77 1.80 1.83 1.88 1.92

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, Expeditors International of Washington Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.66/246.819*246.819
=0.660

Current CPI (Sep. 2017) = 246.819.

Expeditors International of Washington Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.310 210.036 0.364
200803 0.300 213.528 0.347
200806 0.320 218.815 0.361
200809 0.390 218.783 0.440
200812 0.350 210.228 0.411
200903 0.270 212.709 0.313
200906 0.250 215.693 0.286
200909 0.270 215.969 0.309
200912 0.320 215.949 0.366
201003 0.280 217.631 0.318
201006 0.420 217.965 0.476
201009 0.440 218.439 0.497
201012 0.450 219.179 0.507
201103 0.420 223.467 0.464
201106 0.440 225.722 0.481
201109 0.500 226.889 0.544
201112 0.430 225.672 0.470
201203 0.360 229.392 0.387
201206 0.390 229.478 0.419
201209 0.420 231.407 0.448
201212 0.400 229.601 0.430
201303 0.390 232.773 0.414
201306 0.450 233.504 0.476
201309 0.450 234.149 0.474
201312 0.400 233.049 0.424
201403 0.420 236.293 0.439
201406 0.460 238.343 0.476
201409 0.530 238.031 0.550
201412 0.510 234.812 0.536
201503 0.550 236.119 0.575
201506 0.610 238.638 0.631
201509 0.620 237.945 0.643
201512 0.610 236.525 0.637
201603 0.530 238.132 0.549
201606 0.630 241.018 0.645
201609 0.590 241.428 0.603
201612 0.610 241.432 0.624
201703 0.510 243.801 0.516
201706 0.600 244.955 0.605
201709 0.660 246.819 0.660

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.

Expeditors International of Washington Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=59.09/1.92
=30.78

* 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 Expeditors International of Washington Inc was 88.91. The lowest was 25.58. And the median was 33.99.


Be Aware

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


Related Terms


Headlines

From the Internet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK