SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'e10' Graco (GGG) E10
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graco Inc (NYSE:GGG) » Definitions » E10

Graco (GGG) E10

: $2.18 (As of Dec. 2023)
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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.

Graco's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.18 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Graco's average E10 Growth Rate was 10.70% per year. During the past 3 years, the average E10 Growth Rate was 15.10% per year. During the past 5 years, the average E10 Growth Rate was 14.90% per year. During the past 10 years, the average E10 Growth Rate was 11.60% 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 Graco was 23.30% per year. The lowest was 4.50% per year. And the median was 14.80% per year.

As of today (2024-04-22), Graco's current stock price is $88.38. Graco's E10 for the quarter that ended in Dec. 2023 was $2.18. Graco's Shiller PE Ratio of today is 40.54.

During the past 13 years, the highest Shiller PE Ratio of Graco was 53.03. The lowest was 23.25. And the median was 36.66.


Graco E10 Historical Data

The historical data trend for Graco'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.

Graco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.43 1.69 1.97 2.18

Graco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.97 2.04 2.10 2.16 2.18

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Graco'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.


Graco Shiller PE Ratio Distribution

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

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



Graco 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, Graco's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.64/129.4194*129.4194
=0.640

Current CPI (Dec. 2023) = 129.4194.

Graco Quarterly Data

per share eps CPI Adj_EPS
201403 0.270 99.695 0.351
201406 0.357 100.560 0.459
201409 0.323 100.428 0.416
201412 0.267 99.070 0.349
201503 0.380 99.621 0.494
201506 0.967 100.684 1.243
201509 0.287 100.392 0.370
201512 0.313 99.792 0.406
201603 0.233 100.470 0.300
201606 0.297 101.688 0.378
201609 0.317 101.861 0.403
201612 -0.623 101.863 -0.792
201703 0.350 102.862 0.440
201706 0.460 103.349 0.576
201709 0.430 104.136 0.534
201712 0.210 104.011 0.261
201803 0.490 105.290 0.602
201806 0.510 106.317 0.621
201809 0.540 106.507 0.656
201812 0.430 105.998 0.525
201903 0.510 107.251 0.615
201906 0.510 108.070 0.611
201909 0.490 108.329 0.585
201912 0.490 108.420 0.585
202003 0.420 108.902 0.499
202006 0.170 108.767 0.202
202009 0.660 109.815 0.778
202012 0.660 109.897 0.777
202103 0.610 111.754 0.706
202106 0.630 114.631 0.711
202109 0.590 115.734 0.660
202112 0.690 117.630 0.759
202203 0.580 121.301 0.619
202206 0.680 125.017 0.704
202209 0.670 125.227 0.692
202212 0.740 125.222 0.765
202303 0.750 127.348 0.762
202306 0.780 128.729 0.784
202309 0.770 129.860 0.767
202312 0.640 129.419 0.640

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


Graco  (NYSE:GGG) 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.

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

Shiller PE Ratio=Share Price/E10
=88.38/2.18
=40.54

* 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 Graco was 53.03. The lowest was 23.25. And the median was 36.66.


Be Aware

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


Graco E10 Related Terms

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


Graco (GGG) Business Description

Traded in Other Exchanges
Address
88-11th Avenue Northeast, Minneapolis, MN, USA, 55413
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.
Executives
Mark W Sheahan officer: VICE PRESIDENT AND TREASURER P.O. BOX 1441, MINNEAPOLIS MN 55440-1441
Angela F Wordell officer: Executive VP, Operations 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Kathryn L Schoenrock officer: Executive Vice President 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Caroline M Chambers officer: Vice President and Controller PO BOX 1441, MINNEAPOLIS MN 55440-1441
Eric Etchart director ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Van Sant R William director PO BOX 1441, MINNEAPOLIS MN 55440-1441
Timothy R White officer: President, EMEA 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Ronita Banerjee officer: EVP, Chief HR Officer 88 11TH AVENUE NE, MINNEAPOLIS MN 55105
Jeffrey P. Johnson officer: Vice President 88 - 11TH AVENUE N.E., MINNEAPOLIS MN 55413
Heather L Anfang director 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Dale D Johnson officer: VICE PRESIDENT P.O. BOX 1441, MINNEAPOLIS MN 5440-1441
Christopher D. Knutson officer: EVP, Corporate Controller 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Claudio Merengo officer: President, Worldwide Gema 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
J Kevin Gilligan director P O BOX 1441, MINNEAPOLIS MN 55440-1441
Archie C. Black director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402

Graco (GGG) Headlines

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