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Harte-Hanks Inc  (NYSE:HHS) E10: $-0.19 (As of Sep. 2017)

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.

Harte-Hanks Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $-0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.19 for the trailing ten years ended in Sep. 2017.

As of today, Harte-Hanks Inc's current stock price is $1.03. Harte-Hanks Inc's E10 for the quarter that ended in Sep. 2017 was $-0.19. Harte-Hanks Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Harte-Hanks Inc was 20.84. The lowest was 0.00. And the median was 9.33.


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.

Harte-Hanks Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.83 0.74 0.31 -0.07

Harte-Hanks Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.17 -0.07 -0.11 -0.15 -0.19

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.


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.

For example, Harte-Hanks Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=-0.04/246.819*246.819
=-0.040

Current CPI (Sep. 2017) = 246.819.

Harte-Hanks Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.390 210.036 0.458
200803 0.210 213.528 0.243
200806 0.290 218.815 0.327
200809 0.260 218.783 0.293
200812 0.220 210.228 0.258
200903 0.110 212.709 0.128
200906 0.200 215.693 0.229
200909 0.220 215.969 0.251
200912 0.210 215.949 0.240
201003 0.170 217.631 0.193
201006 0.210 217.965 0.238
201009 0.220 218.439 0.249
201012 0.240 219.179 0.270
201103 0.120 223.467 0.133
201106 0.150 225.722 0.164
201109 0.190 226.889 0.207
201112 0.230 225.672 0.252
201203 0.110 229.392 0.118
201206 -1.740 229.478 -1.871
201209 0.140 231.407 0.149
201212 0.160 229.601 0.172
201303 0.110 232.773 0.117
201306 0.130 233.504 0.137
201309 -0.130 234.149 -0.137
201312 0.100 233.049 0.106
201403 0.030 236.293 0.031
201406 0.090 238.343 0.093
201409 0.100 238.031 0.104
201412 0.160 234.812 0.168
201503 0.030 236.119 0.031
201506 -0.070 238.638 -0.072
201509 -2.770 237.945 -2.873
201512 0.040 236.525 0.042
201603 -0.090 238.132 -0.093
201606 -0.070 241.018 -0.072
201609 -0.050 241.428 -0.051
201612 -1.920 241.432 -1.963
201703 -0.120 243.801 -0.121
201706 -0.040 244.955 -0.040
201709 -0.040 246.819 -0.040

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

Harte-Hanks Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.03/-0.19
=

* 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 Harte-Hanks Inc was 20.84. The lowest was 0.00. And the median was 9.33.


Be Aware

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


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