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Summit Materials (LTS:0LAI) E10 : $1.24 (As of Sep. 2024)


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What is Summit Materials 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.

Summit Materials's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.24 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Summit Materials's average E10 Growth Rate was 83.80% 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.

As of today (2025-03-02), Summit Materials's current stock price is $52.34. Summit Materials's E10 for the quarter that ended in Sep. 2024 was $1.24. Summit Materials's Shiller PE Ratio of today is 42.21.

During the past 13 years, the highest Shiller PE Ratio of Summit Materials was 81.28. The lowest was 26.84. And the median was 41.74.


Summit Materials E10 Historical Data

The historical data trend for Summit Materials'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.

Summit Materials E10 Chart

Summit Materials 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 - - - 0.46 1.07

Summit Materials Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.67 1.07 1.33 1.34 1.24

Competitive Comparison of Summit Materials's E10

For the Building Materials subindustry, Summit Materials'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.


Summit Materials's Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Summit Materials's Shiller PE Ratio distribution charts can be found below:

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



Summit Materials 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, Summit Materials's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.6/133.0289*133.0289
=0.600

Current CPI (Sep. 2024) = 133.0289.

Summit Materials Quarterly Data

per share eps CPI Adj_EPS
201412 0.471 99.070 0.632
201503 -0.355 99.621 -0.474
201506 -0.009 100.684 -0.012
201509 0.364 100.392 0.482
201512 0.457 99.792 0.609
201603 -0.407 100.470 -0.539
201606 0.204 101.688 0.267
201609 0.582 101.861 0.760
201612 -0.003 101.863 -0.004
201703 -0.482 102.862 -0.623
201706 0.452 103.349 0.582
201709 0.718 104.136 0.917
201712 0.374 104.011 0.478
201803 -0.482 105.290 -0.609
201806 0.315 106.317 0.394
201809 0.629 106.507 0.786
201812 -0.167 105.998 -0.210
201903 -0.610 107.251 -0.757
201906 0.315 108.070 0.388
201909 0.472 108.329 0.580
201912 0.305 108.420 0.374
202003 -0.393 108.902 -0.480
202006 0.492 108.767 0.602
202009 0.777 109.815 0.941
202012 0.305 109.897 0.369
202103 -0.197 111.754 -0.235
202106 0.472 114.631 0.548
202109 0.610 115.734 0.701
202112 0.364 117.630 0.412
202203 -0.280 121.301 -0.307
202206 1.580 125.017 1.681
202209 0.720 125.227 0.765
202212 0.250 125.222 0.266
202303 -0.260 127.348 -0.272
202306 0.700 128.729 0.723
202309 1.920 129.860 1.967
202312 0.020 129.419 0.021
202403 -0.400 131.776 -0.404
202406 0.600 132.554 0.602
202409 0.600 133.029 0.600

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


Summit Materials  (LTS:0LAI) 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.

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

Shiller PE Ratio=Share Price/E10
=52.34/1.24
=42.21

* 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 Summit Materials was 81.28. The lowest was 26.84. And the median was 41.74.


Be Aware

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


Summit Materials E10 Related Terms

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


Summit Materials Business Description

Traded in Other Exchanges
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Summit Materials Inc is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company's three operating and reporting segments are the West, East and Cement segments. It operates in 21 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through its platform.

Summit Materials Headlines

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