GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Olin Corp (FRA:OLN) » Definitions » E10

Olin (FRA:OLN) E10 : €2.08 (As of Mar. 2024)


View and export this data going back to 1974. Start your Free Trial

What is Olin 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.

Olin's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.368. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Olin's average E10 Growth Rate was 1.80% per year. During the past 3 years, the average E10 Growth Rate was 36.20% per year. During the past 5 years, the average E10 Growth Rate was 7.80% per year. During the past 10 years, the average E10 Growth Rate was 0.50% 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 Olin was 45.30% per year. The lowest was -21.40% per year. And the median was 2.80% per year.

As of today (2024-05-13), Olin's current stock price is €51.30. Olin's E10 for the quarter that ended in Mar. 2024 was €2.08. Olin's Shiller PE Ratio of today is 24.66.

During the past 13 years, the highest Shiller PE Ratio of Olin was 56.83. The lowest was 6.48. And the median was 16.65.


Olin E10 Historical Data

The historical data trend for Olin'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.

Olin E10 Chart

Olin 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 1.44 0.74 1.26 2.01 2.07

Olin 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 1.99 2.12 2.08 2.07 2.08

Competitive Comparison of Olin's E10

For the Specialty Chemicals subindustry, Olin'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.


Olin's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Olin's Shiller PE Ratio distribution charts can be found below:

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



Olin 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, Olin'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)
=0.368/129.4194*129.4194
=0.368

Current CPI (Mar. 2024) = 129.4194.

Olin Quarterly Data

per share eps CPI Adj_EPS
201406 0.346 100.560 0.445
201409 0.256 100.428 0.330
201412 0.130 99.070 0.170
201503 0.157 99.621 0.204
201506 0.481 100.684 0.618
201509 0.071 100.392 0.092
201512 -0.340 99.792 -0.441
201603 -0.207 100.470 -0.267
201606 -0.009 101.688 -0.011
201609 0.098 101.861 0.125
201612 0.095 101.863 0.121
201703 0.075 102.862 0.094
201706 -0.036 103.349 -0.045
201709 0.260 104.136 0.323
201712 2.442 104.011 3.039
201803 0.097 105.290 0.119
201806 0.300 106.317 0.365
201809 0.994 106.507 1.208
201812 0.281 105.998 0.343
201903 0.221 107.251 0.267
201906 -0.106 108.070 -0.127
201909 0.245 108.329 0.293
201912 -0.441 108.420 -0.526
202003 -0.462 108.902 -0.549
202006 -0.675 108.767 -0.803
202009 -3.965 109.815 -4.673
202012 -0.173 109.897 -0.204
202103 1.268 111.754 1.468
202106 1.801 114.631 2.033
202109 2.023 115.734 2.262
202112 1.673 117.630 1.841
202203 2.252 121.301 2.403
202206 2.611 125.017 2.703
202209 2.202 125.227 2.276
202212 1.350 125.222 1.395
202303 1.083 127.348 1.101
202306 1.043 128.729 1.049
202309 0.768 129.860 0.765
202312 0.394 129.419 0.394
202403 0.368 129.419 0.368

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


Olin  (FRA:OLN) 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.

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

Shiller PE Ratio=Share Price/E10
=51.30/2.08
=24.66

* 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 Olin was 56.83. The lowest was 6.48. And the median was 16.65.


Be Aware

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


Olin E10 Related Terms

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


Olin (FRA:OLN) Business Description

Traded in Other Exchanges
Address
190 Carondelet Plaza, Suite 1530, Clayton, MO, USA, 63105
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.

Olin (FRA:OLN) Headlines

From GuruFocus

Yacktman Asset Management's Q2 2023 13F Filing Update

By GuruFocus Research 08-15-2023

Olin Achieves ISCC PLUS Certification

By PRNewswire 10-19-2023

OLIN PROVIDES OPERATIONS UPDATE

By PRNewswire PRNewswire 07-04-2022

OLIN ANNOUNCES CHLOR ALKALI CAPACITY REDUCTION

By PRNewswire PRNewswire 08-24-2022

13D Management LLC Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-17-2023

Olin Announces Second Quarter 2023 Results

By PRNewswire 07-27-2023