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IDEX (NYSE:IEX) E10

: $6.06 (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.

IDEX's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.06 for the trailing ten years ended in Dec. 2023.

During the past 12 months, IDEX's average E10 Growth Rate was 10.40% per year. During the past 3 years, the average E10 Growth Rate was 15.90% per year. During the past 5 years, the average E10 Growth Rate was 14.60% per year. During the past 10 years, the average E10 Growth Rate was 12.70% 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 IDEX was 15.90% per year. The lowest was 5.30% per year. And the median was 9.55% per year.

As of today (2024-04-13), IDEX's current stock price is $232.67. IDEX's E10 for the quarter that ended in Dec. 2023 was $6.06. IDEX's Shiller PE Ratio of today is 38.39.

During the past 13 years, the highest Shiller PE Ratio of IDEX was 55.94. The lowest was 29.74. And the median was 40.82.


IDEX E10 Historical Data

The historical data trend for IDEX'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.

IDEX 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 3.57 3.89 4.48 5.49 6.06

IDEX 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 5.49 5.68 5.82 6.04 6.06

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.


IDEX Shiller PE Ratio Distribution

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

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



IDEX 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, IDEX'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)
=1.43/129.4194*129.4194
=1.430

Current CPI (Dec. 2023) = 129.4194.

IDEX Quarterly Data

per share eps CPI Adj_EPS
201403 0.910 99.695 1.181
201406 0.880 100.560 1.133
201409 0.880 100.428 1.134
201412 0.770 99.070 1.006
201503 0.840 99.621 1.091
201506 0.890 100.684 1.144
201509 1.020 100.392 1.315
201512 0.870 99.792 1.128
201603 0.890 100.470 1.146
201606 0.990 101.688 1.260
201609 0.910 101.861 1.156
201612 0.750 101.863 0.953
201703 0.990 102.862 1.246
201706 1.080 103.349 1.352
201709 1.080 104.136 1.342
201712 1.210 104.011 1.506
201803 1.270 105.290 1.561
201806 1.380 106.317 1.680
201809 1.370 106.507 1.665
201812 1.270 105.998 1.551
201903 1.440 107.251 1.738
201906 1.480 108.070 1.772
201909 1.370 108.329 1.637
201912 1.260 108.420 1.504
202003 1.330 108.902 1.581
202006 0.930 108.767 1.107
202009 1.370 109.815 1.615
202012 1.320 109.897 1.554
202103 1.480 111.754 1.714
202106 1.340 114.631 1.513
202109 1.510 115.734 1.689
202112 1.550 117.630 1.705
202203 1.830 121.301 1.952
202206 1.810 125.017 1.874
202209 2.360 125.227 2.439
202212 1.710 125.222 1.767
202303 1.840 127.348 1.870
202306 1.820 128.729 1.830
202309 2.750 129.860 2.741
202312 1.430 129.419 1.430

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


IDEX  (NYSE:IEX) 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.

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

Shiller PE Ratio=Share Price/E10
=232.67/6.06
=38.39

* 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 IDEX was 55.94. The lowest was 29.74. And the median was 40.82.


Be Aware

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


IDEX E10 Related Terms

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


IDEX (NYSE:IEX) Business Description

Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.
Executives
Alejandro Quiroz director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman officer: Senior VP, Group Executive HST 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan officer: SVP - Chief Financial Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino officer: Former SVP, Group Exec FMT&FSD 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman officer: SVP - Chief Operating Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson director C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman director P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter director 3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry director 155 HARLEM AVE., GLENVIEW IL 60025

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