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CRA International (FRA:CR2) E10 : €3.28 (As of Mar. 2024)


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What is CRA International 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.

CRA International's adjusted earnings per share data for the three months ended in Mar. 2024 was €1.794. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CRA International's average E10 Growth Rate was 19.10% per year. During the past 3 years, the average E10 Growth Rate was 47.70% per year. During the past 5 years, the average E10 Growth Rate was 46.70% per year. During the past 10 years, the average E10 Growth Rate was 14.90% 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 CRA International was 56.20% per year. The lowest was -24.10% per year. And the median was -5.45% per year.

As of today (2024-05-22), CRA International's current stock price is €158.00. CRA International's E10 for the quarter that ended in Mar. 2024 was €3.28. CRA International's Shiller PE Ratio of today is 48.17.

During the past 13 years, the highest Shiller PE Ratio of CRA International was 142.50. The lowest was 18.85. And the median was 47.58.


CRA International E10 Historical Data

The historical data trend for CRA International'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.

CRA International E10 Chart

CRA International 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 0.65 0.84 1.30 2.62 3.02

CRA International 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 2.73 2.88 3.05 3.02 3.28

Competitive Comparison of CRA International's E10

For the Consulting Services subindustry, CRA International'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.


CRA International's Shiller PE Ratio Distribution in the Business Services Industry

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

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



CRA International 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, CRA International'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)
=1.794/131.7762*131.7762
=1.794

Current CPI (Mar. 2024) = 131.7762.

CRA International Quarterly Data

per share eps CPI Adj_EPS
201406 0.236 100.560 0.309
201409 0.256 100.428 0.336
201412 0.324 99.070 0.431
201503 0.277 99.621 0.366
201506 0.321 100.684 0.420
201509 0.276 100.392 0.362
201512 -0.138 99.792 -0.182
201603 0.242 100.470 0.317
201606 0.525 101.688 0.680
201609 0.339 101.861 0.439
201612 0.228 101.863 0.295
201703 0.309 102.862 0.396
201706 0.392 103.349 0.500
201709 0.319 104.136 0.404
201712 -0.237 104.011 -0.300
201803 0.462 105.290 0.578
201806 0.676 106.317 0.838
201809 0.394 106.507 0.487
201812 0.712 105.998 0.885
201903 0.496 107.251 0.609
201906 0.602 108.070 0.734
201909 0.645 108.329 0.785
201912 0.531 108.420 0.645
202003 0.724 108.902 0.876
202006 0.666 108.767 0.807
202009 0.577 109.815 0.692
202012 0.699 109.897 0.838
202103 1.126 111.754 1.328
202106 1.270 114.631 1.460
202109 1.224 115.734 1.394
202112 1.009 117.630 1.130
202203 1.380 121.301 1.499
202206 1.485 125.017 1.565
202209 1.646 125.227 1.732
202212 1.123 125.222 1.182
202303 1.149 127.348 1.189
202306 1.237 128.729 1.266
202309 1.134 129.860 1.151
202312 1.476 129.419 1.503
202403 1.794 131.776 1.794

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


CRA International  (FRA:CR2) 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.

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

Shiller PE Ratio=Share Price/E10
=158.00/3.28
=48.17

* 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 CRA International was 142.50. The lowest was 18.85. And the median was 47.58.


Be Aware

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


CRA International E10 Related Terms

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


CRA International (FRA:CR2) Business Description

Traded in Other Exchanges
Address
200 Clarendon Street, Boston, MA, USA, 02116-5092
CRA International Inc is a U.S.-based advisory firm that provides economic, financial, and management consultancy services. The company advises clients on economic and financial issues relating to litigation and regulatory proceedings and helps businesses set important business strategies and solve performance-related issues. The company's clients include domestic and foreign companies, government agencies, public and private utilities, and national and international trade associations. CRA International generates almost all its revenue from the United States and the United Kingdom.

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