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Investment Technology Group Inc  (NYSE:ITG) E10: $-0.10 (As of Jun. 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.

Investment Technology Group Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.10 for the trailing ten years ended in Jun. 2017.

As of today, Investment Technology Group Inc's current stock price is $23.20. Investment Technology Group Inc's E10 for the quarter that ended in Jun. 2017 was $-0.10. Investment Technology Group Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Investment Technology Group Inc was 2076.00. The lowest was 0.00. And the median was 26.11.


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.

Investment Technology Group 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 0.28 0.25 0.27 0.35 0.01

Investment Technology Group Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.18 0.05 0.01 -0.04 -0.10

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, Investment Technology Group Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.14/244.955*244.955
=0.140

Current CPI (Jun. 2017) = 244.955.

Investment Technology Group Inc Quarterly Data

per share eps CPI Adj_EPS
200709 0.650 208.490 0.764
200712 0.670 210.036 0.781
200803 0.750 213.528 0.860
200806 0.580 218.815 0.649
200809 0.620 218.783 0.694
200812 0.660 210.228 0.769
200903 0.290 212.709 0.334
200906 0.460 215.693 0.522
200909 0.400 215.969 0.454
200912 -0.180 215.949 -0.204
201003 0.190 217.631 0.214
201006 0.170 217.965 0.191
201009 0.140 218.439 0.157
201012 0.040 219.179 0.045
201103 0.230 223.467 0.252
201106 -4.770 225.722 -5.176
201109 0.250 226.889 0.270
201112 -0.130 225.672 -0.141
201203 0.140 229.392 0.149
201206 -6.400 229.478 -6.832
201209 0.010 231.407 0.011
201212 -0.210 229.601 -0.224
201303 0.220 232.773 0.232
201306 0.130 233.504 0.136
201309 0.200 234.149 0.209
201312 0.260 233.049 0.273
201403 0.370 236.293 0.384
201406 0.350 238.343 0.360
201409 0.320 238.031 0.329
201412 0.360 234.812 0.376
201503 0.470 236.119 0.488
201506 -0.300 238.638 -0.308
201509 0.080 237.945 0.082
201512 2.370 236.525 2.454
201603 -0.080 238.132 -0.082
201606 -0.160 241.018 -0.163
201609 -0.730 241.428 -0.741
201612 0.170 241.432 0.172
201703 0.160 243.801 0.161
201706 0.140 244.955 0.140

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.

Investment Technology Group Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.20/-0.10
=

* 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 Investment Technology Group Inc was 2076.00. The lowest was 0.00. And the median was 26.11.


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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