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Forrester Research (Forrester Research) E10 : $0.74 (As of Mar. 2024)


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What is Forrester Research 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.

Forrester Research's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Forrester Research's average E10 Growth Rate was -5.10% per year. During the past 3 years, the average E10 Growth Rate was 1.80% per year. During the past 5 years, the average E10 Growth Rate was -1.80% per year. During the past 10 years, the average E10 Growth Rate was -2.20% 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 Forrester Research was 11.40% per year. The lowest was -8.50% per year. And the median was 2.60% per year.

As of today (2024-05-28), Forrester Research's current stock price is $18.04. Forrester Research's E10 for the quarter that ended in Mar. 2024 was $0.74. Forrester Research's Shiller PE Ratio of today is 24.38.

During the past 13 years, the highest Shiller PE Ratio of Forrester Research was 75.29. The lowest was 24.32. And the median was 43.46.


Forrester Research E10 Historical Data

The historical data trend for Forrester Research'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.

Forrester Research E10 Chart

Forrester Research 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 0.77 0.72 0.78 0.80 0.76

Forrester Research 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 0.78 0.78 0.78 0.76 0.74

Competitive Comparison of Forrester Research's E10

For the Consulting Services subindustry, Forrester Research'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.


Forrester Research's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Forrester Research's Shiller PE Ratio distribution charts can be found below:

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



Forrester Research 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, Forrester Research'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)
=-0.35/131.7762*131.7762
=-0.350

Current CPI (Mar. 2024) = 131.7762.

Forrester Research Quarterly Data

per share eps CPI Adj_EPS
201406 0.230 100.560 0.301
201409 0.160 100.428 0.210
201412 0.190 99.070 0.253
201503 -0.010 99.621 -0.013
201506 0.310 100.684 0.406
201509 0.250 100.392 0.328
201512 0.110 99.792 0.145
201603 0.070 100.470 0.092
201606 0.410 101.688 0.531
201609 0.170 101.861 0.220
201612 0.310 101.863 0.401
201703 0.160 102.862 0.205
201706 0.340 103.349 0.434
201709 0.220 104.136 0.278
201712 0.110 104.011 0.139
201803 -0.100 105.290 -0.125
201806 0.430 106.317 0.533
201809 0.210 106.507 0.260
201812 0.290 105.998 0.361
201903 -0.730 107.251 -0.897
201906 0.080 108.070 0.098
201909 -0.150 108.329 -0.182
201912 0.260 108.420 0.316
202003 -0.030 108.902 -0.036
202006 0.630 108.767 0.763
202009 -0.200 109.815 -0.240
202012 0.130 109.897 0.156
202103 0.210 111.754 0.248
202106 0.430 114.631 0.494
202109 0.230 115.734 0.262
202112 0.410 117.630 0.459
202203 0.220 121.301 0.239
202206 0.720 125.017 0.759
202209 0.280 125.227 0.295
202212 -0.090 125.222 -0.095
202303 -0.210 127.348 -0.217
202306 0.280 128.729 0.287
202309 0.130 129.860 0.132
202312 -0.030 129.419 -0.031
202403 -0.350 131.776 -0.350

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


Forrester Research  (NAS:FORR) 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.

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

Shiller PE Ratio=Share Price/E10
=18.04/0.74
=24.38

* 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 Forrester Research was 75.29. The lowest was 24.32. And the median was 43.46.


Be Aware

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


Forrester Research E10 Related Terms

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


Forrester Research (Forrester Research) Business Description

Traded in Other Exchanges
Address
60 Acorn Park Drive, Cambridge, MA, USA, 02140
Forrester Research Inc is a United States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Executives
Steven P. Peltzman officer: CBTO C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Scott Chouinard officer: Chief Accounting Officer C/O FORRESTER RESEARCH, INC., 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139
Carrie Johnson officer: Chief Research Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Ryan Darrah officer: Chief Legal Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Anthony J Friscia director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Robert Galford director C/O FORRESTER RESEARCH, 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139
Alicia Lee officer: Chief Consulting Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Kelley Hippler officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DR., CAMBRIDGE MA 02140
David Boyce director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Roy Sarah Le officer: Chief People Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Warren N Romine director 7325 16TH STREET NW, WASHINGTON DC 20012
Sharyn Leaver officer: Chief Research Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Nathaniel Swan officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
George F Colony director, 10 percent owner, officer: Chairman & CEO C/O FORRESTER RESEARCH INC, 1033 MASSACHUSETTS AVE, CAMBRIDGE MA 02138
Gretchen Teichgraeber director C/O FORRESTER RESEARCH, 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139