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Investors Title Co (Investors Title Co) E10 : $16.70 (As of Dec. 2023)


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What is Investors Title Co E10?

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.

Investors Title Co's adjusted earnings per share data for the three months ended in Dec. 2023 was $3.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $16.70 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Investors Title Co's average E10 Growth Rate was 4.80% per year. During the past 3 years, the average E10 Growth Rate was 16.80% per year. During the past 5 years, the average E10 Growth Rate was 20.40% per year. During the past 10 years, the average E10 Growth Rate was 18.00% 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 Investors Title Co was 27.10% per year. The lowest was -0.20% per year. And the median was 14.50% per year.

As of today (2024-04-24), Investors Title Co's current stock price is $163.63. Investors Title Co's E10 for the quarter that ended in Dec. 2023 was $16.70. Investors Title Co's Shiller PE Ratio of today is 9.80.

During the past 13 years, the highest Shiller PE Ratio of Investors Title Co was 40.41. The lowest was 7.94. And the median was 17.73.


Investors Title Co E10 Historical Data

The historical data trend for Investors Title Co'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.

Investors Title Co E10 Chart

Investors Title Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.61 10.48 14.42 15.94 16.70

Investors Title Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 Get a 7-Day Free Trial 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 15.94 16.07 16.39 16.56 16.70

Competitive Comparison of Investors Title Co's E10

For the Insurance - Specialty subindustry, Investors Title Co'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.


Investors Title Co's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Investors Title Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Investors Title Co's Shiller PE Ratio falls into.



Investors Title Co 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, Investors Title Co'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)
=3.09/129.4194*129.4194
=3.090

Current CPI (Dec. 2023) = 129.4194.

Investors Title Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.480 99.695 0.623
201406 1.650 100.560 2.124
201409 1.280 100.428 1.650
201412 1.330 99.070 1.737
201503 0.860 99.621 1.117
201506 2.050 100.684 2.635
201509 2.280 100.392 2.939
201512 1.120 99.792 1.453
201603 0.930 100.470 1.198
201606 2.350 101.688 2.991
201609 4.290 101.861 5.451
201612 2.670 101.863 3.392
201703 2.360 102.862 2.969
201706 2.990 103.349 3.744
201709 3.130 104.136 3.890
201712 5.080 104.011 6.321
201803 2.200 105.290 2.704
201806 3.660 106.317 4.455
201809 5.610 106.507 6.817
201812 0.070 105.998 0.085
201903 3.490 107.251 4.211
201906 2.900 108.070 3.473
201909 4.200 108.329 5.018
201912 6.000 108.420 7.162
202003 -3.710 108.902 -4.409
202006 7.650 108.767 9.103
202009 8.070 109.815 9.511
202012 8.770 109.897 10.328
202103 7.290 111.754 8.442
202106 10.420 114.631 11.764
202109 7.630 115.734 8.532
202112 9.940 117.630 10.936
202203 3.250 121.301 3.468
202206 1.200 125.017 1.242
202209 4.170 125.227 4.310
202212 3.970 125.222 4.103
202303 0.620 127.348 0.630
202306 4.000 128.729 4.021
202309 3.750 129.860 3.737
202312 3.090 129.419 3.090

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


Investors Title Co  (NAS:ITIC) 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.

Investors Title Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=163.63/16.7
=9.80

* 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 Investors Title Co was 40.41. The lowest was 7.94. And the median was 17.73.


Be Aware

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


Investors Title Co E10 Related Terms

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


Investors Title Co (Investors Title Co) Business Description

Traded in Other Exchanges
N/A
Address
121 North Columbia Street, Chapel Hill, NC, USA, 27514
Investors Title Co along with its subsidiaries is engaged in the issuance of residential and commercial title insurance through ITIC and NITIC. It also provides tax-deferred real property exchange services, investment management, and trust services, and management services to title insurance agencies. The company generates its revenue from interest and dividends.
Executives
James E Scott director 121 NORTH COLUMBIA STREET, CHAPEL HILL NC 27514
Parker, Jr. Elton C. director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Tammy Coley director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Fine James A Jr director, officer: President, Treasurer
Markel Gayner Asset Management Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Timothy B Murphy officer: Chief Executive Officer 230 BROADWAY, LYNNFIELD MA 01940
Markel Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Markel American Insurance Co 10 percent owner 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Essex Insurance Co 10 percent owner
Evanston Insurance Co 10 percent owner
R Horace Johnson director 3317 LANDOR ROAD, RALEIGH NC 27609
Speed James H. Jr. director 11032 BRASS KETTLE ROAD, RALEIGH NC 27614
Hutson Richard M Ii director PO BOX 2687, CHAPEL HILL NC 27515
W Morris Fine director, officer: Executive Vice President
J Allen Fine director, 10 percent owner, officer: Chief Executive Officer 121 NORTH COLUMBIA ST, INVESTORS TITLE CO, CHAPEL HILL NC 97514

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