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Porvair (LSE:PRV) E10 : £0.26 (As of Nov. 2023)


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What is Porvair 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.

Porvair's adjusted earnings per share data for the fiscal year that ended in Nov. 2023 was £0.348. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.26 for the trailing ten years ended in Nov. 2023.

During the past 12 months, Porvair's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 15.20% per year. During the past 5 years, the average E10 Growth Rate was 14.30% per year. During the past 10 years, the average E10 Growth Rate was 14.80% 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 Porvair was 18.60% per year. The lowest was -44.20% per year. And the median was 5.30% per year.

As of today (2024-06-20), Porvair's current stock price is £ 6.84. Porvair's E10 for the fiscal year that ended in Nov. 2023 was £0.26. Porvair's Shiller PE Ratio of today is 26.31.

During the past 13 years, the highest Shiller PE Ratio of Porvair was 60.50. The lowest was 22.69. And the median was 38.02.


Porvair E10 Historical Data

The historical data trend for Porvair'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.

Porvair E10 Chart

Porvair Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.17 0.19 0.23 0.26

Porvair Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 0.19 - 0.23 - 0.26

Competitive Comparison of Porvair's E10

For the Pollution & Treatment Controls subindustry, Porvair'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.


Porvair's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



Porvair 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, Porvair's adjusted earnings per share data for the fiscal year that ended in Nov. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=0.348/130.0000*130.0000
=0.348

Current CPI (Nov. 2023) = 130.0000.

Porvair Annual Data

per_share_eps CPI Adj_EPS
201411 0.142 99.900 0.185
201511 0.154 100.300 0.200
201611 0.171 101.800 0.218
201711 0.194 104.700 0.241
201811 0.220 106.900 0.268
201911 0.235 108.500 0.282
202011 0.184 109.100 0.219
202111 0.260 114.100 0.296
202211 0.320 124.800 0.333
202311 0.348 130.000 0.348

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


Porvair  (LSE:PRV) 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.

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

Shiller PE Ratio=Share Price/E10
=6.84/0.26
=26.31

* 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 Porvair was 60.50. The lowest was 22.69. And the median was 38.02.


Be Aware

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


Porvair E10 Related Terms

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


Porvair (LSE:PRV) Business Description

Traded in Other Exchanges
Address
7 Regis Place, Bergen Way, King's Lynn, Norfolk, GBR, PE30 2JN
Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. Aerospace and Industrial Division is a key revenue generator, designs and manufactures specialist filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. Laboratory Division designs and manufactures instruments and consumables for use in environmental and bioscience laboratories. Metal Melt Quality Division designs and manufactures porous ceramic filters for the filtration of molten metals. The company generates majority of its manufacturing revenue from sales in the United States.

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