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CSX Corp  (FRA:CXR) E10: €1.48 (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.

CSX Corp's adjusted earnings per share data for the three months ended in Sep. 2017 was €0.428. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.48 for the trailing ten years ended in Sep. 2017.

As of today, CSX Corp's current stock price is €42.22. CSX Corp's E10 for the quarter that ended in Sep. 2017 was €1.48. CSX Corp's Shiller PE Ratio of today is 28.53.

During the past 13 years, the highest Shiller PE Ratio of CSX Corp was 46.98. The lowest was 13.33. And the median was 23.83.


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.

CSX Corp 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 0.81 0.90 1.20 1.43 1.56

CSX Corp 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 1.42 1.56 1.58 1.47 1.48

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, CSX Corp'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)
=0.427888245658/246.819*246.819
=0.428

Current CPI (Sep. 2017) = 246.819.

CSX Corp Quarterly Data

per share eps CPI Adj_EPS
200712 0.197 210.036 0.232
200803 0.182 213.528 0.211
200806 0.199 218.815 0.225
200809 0.218 218.783 0.246
200812 0.155 210.228 0.182
200903 0.159 212.709 0.184
200906 0.183 215.693 0.210
200909 0.167 215.969 0.191
200912 0.176 215.949 0.202
201003 0.192 217.631 0.217
201006 0.294 217.965 0.333
201009 0.275 218.439 0.310
201012 0.287 219.179 0.323
201103 0.250 223.467 0.276
201106 0.319 225.722 0.349
201109 0.313 226.889 0.340
201112 0.350 225.672 0.382
201203 0.326 229.392 0.350
201206 0.391 229.478 0.420
201209 0.341 231.407 0.364
201212 0.328 229.601 0.352
201303 0.347 232.773 0.368
201306 0.387 233.504 0.409
201309 0.337 234.149 0.355
201312 0.307 233.049 0.325
201403 0.289 236.293 0.302
201406 0.390 238.343 0.404
201409 0.396 238.031 0.410
201412 0.397 234.812 0.418
201503 0.416 236.119 0.435
201506 0.499 238.638 0.516
201509 0.463 237.945 0.481
201512 0.441 236.525 0.460
201603 0.332 238.132 0.344
201606 0.418 241.018 0.428
201609 0.428 241.428 0.437
201612 0.464 241.432 0.475
201703 0.365 243.801 0.369
201706 0.489 244.955 0.493
201709 0.428 246.819 0.428

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.

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

Shiller PE Ratio=Share Price/E10
=42.22/1.48
=28.53

* 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 CSX Corp was 46.98. The lowest was 13.33. And the median was 23.83.


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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