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Fortress Investment Group LLC  (NYSE:FIG) E10: $-0.94 (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.

Fortress Investment Group LLC's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.94 for the trailing ten years ended in Sep. 2017.

As of today, Fortress Investment Group LLC's current stock price is $7.85. Fortress Investment Group LLC's E10 for the quarter that ended in Sep. 2017 was $-0.94. Fortress Investment Group LLC's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Fortress Investment Group LLC was 4.74. The lowest was 0.00. And the median was 3.52.


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.

Fortress Investment Group LLC 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 0.00 0.00 -0.74 -0.64 -1.20

Fortress Investment Group LLC 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 -0.60 -1.20 -1.11 -1.03 -0.94

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, Fortress Investment Group LLC'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)
=0.37/246.819*246.819
=0.370

Current CPI (Sep. 2017) = 246.819.

Fortress Investment Group LLC Quarterly Data

per share eps CPI Adj_EPS
200712 -0.310 210.036 -0.364
200803 -0.740 213.528 -0.855
200806 -0.670 218.815 -0.756
200809 -0.660 218.783 -0.745
200812 -1.540 210.228 -1.808
200903 -0.710 212.709 -0.824
200906 -0.410 215.693 -0.469
200909 -0.430 215.969 -0.491
200912 -0.580 215.949 -0.663
201003 -0.580 217.631 -0.658
201006 -0.570 217.965 -0.645
201009 -0.620 218.439 -0.701
201012 -0.090 219.179 -0.101
201103 -0.580 223.467 -0.641
201106 -0.560 225.722 -0.612
201109 -0.760 226.889 -0.827
201112 -0.510 225.672 -0.558
201203 -0.160 229.392 -0.172
201206 -0.120 229.478 -0.129
201209 -0.040 231.407 -0.043
201212 0.400 229.601 0.430
201303 0.050 232.773 0.053
201306 -0.010 233.504 -0.011
201309 0.120 234.149 0.126
201312 0.580 233.049 0.614
201403 0.010 236.293 0.010
201406 0.120 238.343 0.124
201409 0.020 238.031 0.021
201412 0.260 234.812 0.273
201503 0.150 236.119 0.157
201506 -0.001 238.638 -0.001
201509 -0.070 237.945 -0.073
201512 0.190 236.525 0.198
201603 -0.040 238.132 -0.041
201606 -0.070 241.018 -0.072
201609 0.070 241.428 0.072
201612 0.360 241.432 0.368
201703 -0.020 243.801 -0.020
201706 0.060 244.955 0.060
201709 0.370 246.819 0.370

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.

Fortress Investment Group LLC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.85/-0.94
=

* 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 Fortress Investment Group LLC was 4.74. The lowest was 0.00. And the median was 3.52.


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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