GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ann Inc (FRA:AAK) » Definitions » E10

Ann (FRA:AAK) E10 : €1.12 (As of Apr. 2015)


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

What is Ann 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.

Ann's adjusted earnings per share data for the three months ended in Apr. 2015 was €0.268. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.12 for the trailing ten years ended in Apr. 2015.

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 (2024-06-09), Ann's current stock price is €39.30. Ann's E10 for the quarter that ended in Apr. 2015 was €1.12. Ann's Shiller PE Ratio of today is 35.09.

During the past 13 years, the highest Shiller PE Ratio of Ann was 67.64. The lowest was 3.56. And the median was 44.43.


Ann E10 Historical Data

The historical data trend for Ann'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.

Ann E10 Chart

Ann Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.02 -0.05 0.02 1.07

Ann Quarterly Data
Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15
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 -0.02 0.01 0.13 1.07 1.12

Competitive Comparison of Ann's E10

For the Apparel Retail subindustry, Ann'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.


Ann's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ann's Shiller PE Ratio distribution charts can be found below:

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



Ann 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, Ann's adjusted earnings per share data for the three months ended in Apr. 2015 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2015 (Change)*Current CPI (Apr. 2015)
=0.268/99.8236*99.8236
=0.268

Current CPI (Apr. 2015) = 99.8236.

Ann Quarterly Data

per share eps CPI Adj_EPS
200507 0.083 82.441 0.101
200510 0.349 84.045 0.415
200601 0.310 83.665 0.370
200604 0.432 85.015 0.507
200607 0.466 85.859 0.542
200610 0.428 85.142 0.502
200701 0.236 85.402 0.276
200704 0.340 87.203 0.389
200707 0.364 87.884 0.413
200710 0.464 88.152 0.525
200801 -0.075 89.057 -0.084
200804 0.273 90.636 0.301
200807 0.324 92.805 0.349
200810 -0.181 91.375 -0.198
200901 -5.031 89.084 -5.638
200904 -0.030 89.968 -0.033
200907 -0.227 90.859 -0.249
200910 0.020 91.207 0.022
201001 0.001 91.423 0.001
201004 0.283 91.980 0.307
201007 0.242 91.981 0.263
201010 0.295 92.277 0.319
201101 0.105 92.914 0.113
201104 0.353 94.890 0.371
201107 0.329 95.319 0.345
201110 0.444 95.529 0.464
201201 0.033 95.632 0.034
201204 0.441 97.075 0.453
201207 0.513 96.661 0.530
201210 0.648 97.595 0.663
201301 0.038 97.158 0.039
201304 0.338 98.107 0.344
201307 0.581 98.557 0.588
201310 0.652 98.536 0.661
201401 0.075 98.692 0.076
201404 0.080 100.023 0.080
201407 0.517 100.520 0.513
201410 0.513 100.176 0.511
201501 0.005 98.604 0.005
201504 0.268 99.824 0.268

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


Ann  (FRA:AAK) 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.

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

Shiller PE Ratio=Share Price/E10
=39.30/1.12
=35.09

* 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 Ann was 67.64. The lowest was 3.56. And the median was 44.43.


Be Aware

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


Ann E10 Related Terms

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


Ann (FRA:AAK) Business Description

Traded in Other Exchanges
N/A
Address
Ann Inc was incorporated in the State of Delaware in 1988 and changed its name to ANN INC. in March 2011. The Company through its wholly-owned subsidiaries is a specialty retailer of women's apparel, shoes and accessories sold mainly under the Ann Taylor and LOFT brands. The Company has four operating segments including Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet. Ann Taylor is a luxury brand that offers modern style while remaining true to its legacy as a destination for every generation of working women, with timeless wear-now and wear-to-work fashion of impeccable quality at compelling prices. LOFT provides fashion that delivers feminine appeal, special and unexpected details, and a flattering fit, making its client's style aspirations attainable. The Company's Ann Taylor and LOFT stores offer career and casual separates, dresses, tops, weekend wear, shoes and accessories, coordinated as part of a strategy to provide modern styles that are versatile across all occasions and needs. It also offer updated past season best sellers from the Ann Taylor and LOFT merchandise collections at its Ann Taylor Factory and LOFT Outlet stores, respectively. In addition to its stores, its clients can shop online at www.anntaylor.com and www.LOFT.com. The AnnTaylor, LOFT and AnnTaylor Loft trademarks are registered with the United States Patent and Trademark Office and with the trademark registries of many foreign countries. The Company's stores compete with certain departments in international, national and local department stores and with other specialty stores, catalog and internet businesses that offer similar categories of merchandise.

Ann (FRA:AAK) Headlines

No Headlines