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Associated Capital Group (FRA:41J) E10 : €0.49 (As of Sep. 2024)


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What is Associated Capital Group 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.

Associated Capital Group's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.982. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.49 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Associated Capital Group's average E10 Growth Rate was 89.70% 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.

As of today (2025-01-18), Associated Capital Group's current stock price is €34.20. Associated Capital Group's E10 for the quarter that ended in Sep. 2024 was €0.49. Associated Capital Group's Shiller PE Ratio of today is 69.80.

During the past 12 years, the highest Shiller PE Ratio of Associated Capital Group was 128.03. The lowest was 62.43. And the median was 82.67.


Associated Capital Group E10 Historical Data

The historical data trend for Associated Capital Group'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.

Associated Capital Group E10 Chart

Associated Capital Group 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 - - - - 0.31

Associated Capital Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.27 0.31 0.38 0.39 0.49

Competitive Comparison of Associated Capital Group's E10

For the Asset Management subindustry, Associated Capital Group'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.


Associated Capital Group's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Shiller PE Ratio falls into.



Associated Capital Group 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, Associated Capital Group's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.982/133.0289*133.0289
=0.982

Current CPI (Sep. 2024) = 133.0289.

Associated Capital Group Quarterly Data

per share eps CPI Adj_EPS
201412 0.075 99.070 0.101
201503 0.087 99.621 0.116
201506 0.030 100.684 0.040
201509 -0.263 100.392 -0.349
201512 0.156 99.792 0.208
201603 0.054 100.470 0.071
201606 0.036 101.688 0.047
201609 0.143 101.861 0.187
201612 0.142 101.863 0.185
201703 -0.514 102.862 -0.665
201706 0.169 103.349 0.218
201709 0.050 104.136 0.064
201712 0.566 104.011 0.724
201803 -0.770 105.290 -0.973
201806 0.437 106.317 0.547
201809 -0.274 106.507 -0.342
201812 -1.556 105.998 -1.953
201903 0.903 107.251 1.120
201906 -0.035 108.070 -0.043
201909 0.236 108.329 0.290
201912 0.441 108.420 0.541
202003 -2.959 108.902 -3.615
202006 1.394 108.767 1.705
202009 0.221 109.815 0.268
202012 1.882 109.897 2.278
202103 0.697 111.754 0.830
202106 1.112 114.631 1.290
202109 0.060 115.734 0.069
202112 0.381 117.630 0.431
202203 -0.663 121.301 -0.727
202206 -1.287 125.017 -1.369
202209 -0.758 125.227 -0.805
202212 0.585 125.222 0.621
202303 0.757 127.348 0.791
202306 0.138 128.729 0.143
202309 -0.001 129.860 -0.001
202312 0.697 129.419 0.716
202403 0.589 131.776 0.595
202406 0.130 132.554 0.130
202409 0.982 133.029 0.982

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


Associated Capital Group  (FRA:41J) 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.

Associated Capital Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=34.20/0.49
=69.80

* 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 12 years, the highest Shiller P/E Ratio of Associated Capital Group was 128.03. The lowest was 62.43. And the median was 82.67.


Be Aware

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


Associated Capital Group E10 Related Terms

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


Associated Capital Group Business Description

Traded in Other Exchanges
Address
191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.

Associated Capital Group Headlines

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