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Ultralife (FRA:ULB) E10 : €0.43 (As of Sep. 2024)


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What is Ultralife 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.

Ultralife's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.43 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ultralife's average E10 Growth Rate was 23.10% per year. During the past 3 years, the average E10 Growth Rate was 13.60% per year. During the past 5 years, the average E10 Growth Rate was 27.90% 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 Ultralife was 91.30% per year. The lowest was -180.20% per year. And the median was 17.40% per year.

As of today (2025-03-19), Ultralife's current stock price is €5.10. Ultralife's E10 for the quarter that ended in Sep. 2024 was €0.43. Ultralife's Shiller PE Ratio of today is 11.86.

During the past 13 years, the highest Shiller PE Ratio of Ultralife was 346.67. The lowest was 11.03. And the median was 25.36.


Ultralife E10 Historical Data

The historical data trend for Ultralife'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.

Ultralife E10 Chart

Ultralife 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 0.18 0.22 0.27 0.31 0.38

Ultralife Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.36 0.38 0.40 0.43 0.43

Competitive Comparison of Ultralife's E10

For the Electrical Equipment & Parts subindustry, Ultralife'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.


Ultralife's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ultralife's Shiller PE Ratio distribution charts can be found below:

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



Ultralife 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, Ultralife's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.018/133.0289*133.0289
=0.018

Current CPI (Sep. 2024) = 133.0289.

Ultralife Quarterly Data

per share eps CPI Adj_EPS
201412 0.041 99.070 0.055
201503 0.028 99.621 0.037
201506 0.045 100.684 0.059
201509 0.062 100.392 0.082
201512 0.028 99.792 0.037
201603 0.018 100.470 0.024
201606 0.027 101.688 0.035
201609 0.062 101.861 0.081
201612 0.104 101.863 0.136
201703 0.103 102.862 0.133
201706 0.062 103.349 0.080
201709 0.059 104.136 0.075
201712 0.203 104.011 0.260
201803 0.105 105.290 0.133
201806 0.086 106.317 0.108
201809 0.077 106.507 0.096
201812 1.064 105.998 1.335
201903 0.027 107.251 0.033
201906 0.124 108.070 0.153
201909 0.054 108.329 0.066
201912 0.090 108.420 0.110
202003 0.063 108.902 0.077
202006 0.089 108.767 0.109
202009 0.025 109.815 0.030
202012 0.107 109.897 0.130
202103 0.034 111.754 0.040
202106 0.042 114.631 0.049
202109 -0.034 115.734 -0.039
202112 -0.062 117.630 -0.070
202203 -0.009 121.301 -0.010
202206 0.028 125.017 0.030
202209 -0.010 125.227 -0.011
202212 -0.009 125.222 -0.010
202303 -0.019 127.348 -0.020
202306 0.194 128.729 0.200
202309 0.075 129.860 0.077
202312 0.156 129.419 0.160
202403 0.166 131.776 0.168
202406 0.167 132.554 0.168
202409 0.018 133.029 0.018

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


Ultralife  (FRA:ULB) 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.

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

Shiller PE Ratio=Share Price/E10
=5.10/0.43
=11.86

* 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 Ultralife was 346.67. The lowest was 11.03. And the median was 25.36.


Be Aware

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


Ultralife E10 Related Terms

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


Ultralife Business Description

Traded in Other Exchanges
Address
2000 Technology Parkway, Newark, NY, USA, 14513
Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company designs, manufactures, installs, and maintains power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from the Battery and Energy Products segment, and from the U.S. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, and various other non-rechargeable batteries.

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