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Cabela′s (FRA:DBQA) E10 : €1.90 (As of Jun. 2017)


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What is Cabela′s 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.

Cabela′s's adjusted earnings per share data for the three months ended in Jun. 2017 was €0.365. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.90 for the trailing ten years ended in Jun. 2017.

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 (2024-09-21), Cabela′s's current stock price is €51.65. Cabela′s's E10 for the quarter that ended in Jun. 2017 was €1.90. Cabela′s's Shiller PE Ratio of today is 27.18.


Cabela′s E10 Historical Data

The historical data trend for Cabela′s'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.

Cabela′s E10 Chart

Cabela′s Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.19 1.50 1.81 2.07

Cabela′s Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 1.83 1.89 2.07 1.98 1.90

Competitive Comparison of Cabela′s's E10

For the Specialty Retail subindustry, Cabela′s'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.


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

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

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



Cabela′s 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, Cabela′s's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.365/103.3491*103.3491
=0.365

Current CPI (Jun. 2017) = 103.3491.

Cabela′s Quarterly Data

per share eps CPI Adj_EPS
200709 0.144 87.964 0.169
200712 0.577 88.616 0.673
200803 0.097 90.090 0.111
200806 0.071 92.320 0.079
200809 0.105 92.307 0.118
200812 0.548 88.697 0.639
200903 0.061 89.744 0.070
200906 0.100 91.003 0.114
200909 0.192 91.120 0.218
200912 0.172 91.111 0.195
201003 0.088 91.821 0.099
201006 0.213 91.962 0.239
201009 0.221 92.162 0.248
201012 0.718 92.474 0.802
201103 0.178 94.283 0.195
201106 0.215 95.235 0.233
201109 0.342 95.727 0.369
201112 0.745 95.213 0.809
201203 0.303 96.783 0.324
201206 0.375 96.819 0.400
201209 0.466 97.633 0.493
201212 0.724 96.871 0.772
201303 0.540 98.209 0.568
201306 0.470 98.518 0.493
201309 0.524 98.790 0.548
201312 0.818 98.326 0.860
201403 0.260 99.695 0.270
201406 0.449 100.560 0.461
201409 0.582 100.428 0.599
201412 0.892 99.070 0.931
201503 0.342 99.621 0.355
201506 0.499 100.684 0.512
201509 0.552 100.392 0.568
201512 1.037 99.792 1.074
201603 0.296 100.470 0.304
201606 0.490 101.688 0.498
201609 0.365 101.861 0.370
201612 0.796 101.863 0.808
201703 0.262 102.862 0.263
201706 0.365 103.349 0.365

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


Cabela′s  (FRA:DBQA) 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.

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

Shiller PE Ratio=Share Price/E10
=51.65/1.9
=27.18

* 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.


Be Aware

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


Cabela′s E10 Related Terms

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


Cabela′s Business Description

Traded in Other Exchanges
N/A
Address
Cabela's Inc was founded in 1961. The Company is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise. It also issues Cabela's CLUB Visa credit card, which serves as its customer loyalty rewards program. The Company operates in four segments Retail, Direct, Financial Services, and Corporate Overhead and Other. In retail segment the Company operated 77 retail stores, 68 stores in 36 states and nine stores in six Canadian provinces. During 2015, it opened 13 retail stores, 11 stores in the United States and two in Canada. It has two basic store formats. Its legacy stores refer to traditional retail stores that opened in August 2008 and earlier. It has 28 traditional, or legacy, retail stores, which offers a tourist-type experience. Its retail stores often attract the construction and development of hotels, restaurants, and other retail establishments adjacent to these stores. The Direct segment sells products through its e-commerce websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. It markets its products through websites, mobile devices, and its print catalog distributions. The Financial Services segment provides customers with a rewards program that enhances revenue, operating profitability, and customer loyalty in its Retail and Direct businesses. Through its wholly-owned bank subsidiary, World's Foremost Bank, it issues and manages the Cabela's CLUB Visa credit card, a rewards based credit card program. The Company's product assortments includes merchandise and equipment for hunting, fishing, marine use, camping, and recreational sport shooting, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme. The Corporate Overhead and Other segment includes the value of unredeemed points earned that are associated with the Company's loyalty rewards programs for Cabela's CLUB issued credit cards, net of the estimated costs of the points; amounts received from outfitter services; real estate rental income; land sales; and fees earned from a travel business and other complementary business services. The Company competes with the outdoor recreation and casual apparel and footwear markets. It competes directly or indirectly with other broad-line merchants, large-format sporting goods stores and chains, mass merchandisers, warehouse clubs, discount and department stores, small specialty retailers, and catalog and Internet-based retailers.

Cabela′s Headlines

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