Switch to:

Alphabet(Google) E10

: $26.68 (As of Mar. 2020)
View and export this data going back to 2004. Start your Free Trial

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.

Alphabet(Google)'s adjusted earnings per share data for the three months ended in Mar. 2020 was $9.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $26.68 for the trailing ten years ended in Mar. 2020.

As of today (2020-07-09), Alphabet(Google)'s current stock price is $1503.60. Alphabet(Google)'s E10 for the quarter that ended in Mar. 2020 was $26.68. Alphabet(Google)'s Shiller PE Ratio of today is 56.36.

During the past 13 years, the highest Shiller PE Ratio of Alphabet(Google) was 65.72. The lowest was 40.04. And the median was 51.07.


Alphabet(Google) E10 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.

Alphabet(Google) Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.14 16.70 18.07 21.95 26.21

Alphabet(Google) Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 22.96 24.20 24.98 26.21 26.68

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.


Alphabet(Google) E10 Distribution

* The bar in red indicates where Alphabet(Google)'s E10 falls into.



Alphabet(Google) 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, Alphabet(Google)'s adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=9.87/108.1733*108.1733
=9.870

Current CPI (Mar. 2020) = 108.1733.

Alphabet(Google) Quarterly Data

per share eps CPI Adj_EPS
201006 2.858 91.981 3.361
201009 3.363 92.277 3.943
201012 3.909 92.914 4.551
201103 2.758 94.890 3.144
201106 3.844 95.319 4.362
201109 4.169 95.529 4.721
201112 4.119 95.632 4.659
201203 4.379 97.075 4.880
201206 4.214 96.661 4.716
201209 3.268 97.595 3.622
201212 4.314 97.158 4.803
201303 4.975 98.107 5.485
201306 4.770 98.557 5.235
201309 4.380 98.536 4.808
201312 4.955 98.692 5.431
201403 5.040 100.023 5.451
201406 4.880 100.520 5.252
201409 3.980 100.176 4.298
201412 6.910 98.604 7.581
201503 5.100 99.824 5.527
201506 4.930 100.691 5.296
201509 5.730 100.346 6.177
201512 7.060 99.957 7.640
201603 6.020 100.947 6.451
201606 7.000 101.524 7.459
201609 7.250 101.988 7.690
201612 7.560 102.456 7.982
201703 7.730 103.167 8.105
201706 5.010 103.278 5.247
201709 9.570 104.070 9.947
201712 -4.350 104.578 -4.500
201803 13.330 105.708 13.641
201806 4.540 106.324 4.619
201809 13.060 106.695 13.241
201812 12.770 106.200 13.007
201903 9.500 107.818 9.531
201906 14.210 108.250 14.200
201909 10.120 108.577 10.082
201912 15.350 108.841 15.256
202003 9.870 108.173 9.870

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


Alphabet(Google)  (NAS:GOOGL) 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.

Alphabet(Google)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1503.60/26.68
=56.36

* 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 Alphabet(Google) was 65.72. The lowest was 40.04. And the median was 51.07.


Be Aware

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


Alphabet(Google) E10 Related Terms


Alphabet(Google) E10 Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)