Switch to:

Kellogg Co E10

: $3.26 (As of Dec. 2019)
View and export this data going back to 1959. 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.

Kellogg Co's adjusted earnings per share data for the three months ended in Dec. 2019 was $0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.26 for the trailing ten years ended in Dec. 2019.

As of today (2020-02-28), Kellogg Co's current stock price is $60.47. Kellogg Co's E10 for the quarter that ended in Dec. 2019 was $3.26. Kellogg Co's Shiller PE Ratio of today is 18.55.

During the past 13 years, the highest Shiller PE Ratio of Kellogg Co was 27.39. The lowest was 15.57. And the median was 19.93.


Kellogg Co 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.

Kellogg Co 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 3.12 3.07 3.20 3.29 3.26

Kellogg Co Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 3.29 3.31 3.32 3.28 3.26

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.


Kellogg Co E10 Distribution

* The bar in red indicates where Kellogg Co's E10 falls into.



Kellogg 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.

For example, Kellogg Co's adjusted earnings per share data for the three months ended in Dec. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=0.42/257.14*257.14
=0.420

Current CPI (Dec. 2019) = 257.14.

Kellogg Co Quarterly Data

per share eps CPI Adj_EPS
201003 1.090 217.630 1.288
201006 0.790 217.970 0.932
201009 0.900 218.440 1.059
201012 0.620 219.180 0.727
201103 1.000 223.470 1.151
201106 0.940 225.720 1.071
201109 0.800 226.890 0.907
201112 0.640 225.670 0.729
201203 0.980 229.390 1.099
201206 0.900 229.480 1.008
201209 0.890 231.410 0.989
201212 -0.090 229.600 -0.101
201303 0.850 232.770 0.939
201306 0.960 233.500 1.057
201309 0.900 234.150 0.988
201312 2.240 233.050 2.472
201403 1.120 236.290 1.219
201406 0.820 238.340 0.885
201409 0.620 238.030 0.670
201412 -0.820 234.810 -0.898
201503 0.640 236.120 0.697
201506 0.630 238.640 0.679
201509 0.580 237.940 0.627
201512 -0.120 236.530 -0.130
201603 0.490 238.130 0.529
201606 0.790 241.020 0.843
201609 0.820 241.430 0.873
201612 -0.150 241.430 -0.160
201703 0.750 243.800 0.791
201706 0.800 244.960 0.840
201709 0.830 246.820 0.865
201712 1.230 246.520 1.283
201803 1.270 249.550 1.309
201806 1.710 251.990 1.745
201809 1.090 252.440 1.110
201812 -0.240 251.230 -0.246
201903 0.820 254.200 0.829
201906 0.840 256.140 0.843
201909 0.720 256.760 0.721
201912 0.420 257.140 0.420

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


Kellogg Co  (NYSE:K) 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.

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

Shiller PE Ratio=Share Price/E10
=60.47/3.26
=18.55

* 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 Kellogg Co was 27.39. The lowest was 15.57. And the median was 19.93.


Be Aware

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


Kellogg Co E10 Related Terms


Kellogg Co 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)
/* */