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Nordson (MEX:NDSN) E10 : MXN145.83 (As of Oct. 2024)


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What is Nordson 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.

Nordson's adjusted earnings per share data for the three months ended in Oct. 2024 was MXN42.467. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN145.83 for the trailing ten years ended in Oct. 2024.

During the past 12 months, Nordson's average E10 Growth Rate was -100.00% 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 Nordson was 29.00% per year. The lowest was -4.40% per year. And the median was 10.80% per year.

As of today (2024-12-14), Nordson's current stock price is MXN4925.00. Nordson's E10 for the quarter that ended in Oct. 2024 was MXN145.83. Nordson's Shiller PE Ratio of today is 33.77.

During the past 13 years, the highest Shiller PE Ratio of Nordson was 50.31. The lowest was 23.57. And the median was 37.76.


Nordson E10 Historical Data

The historical data trend for Nordson'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.

Nordson E10 Chart

Nordson Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 116.68 135.35 145.83

Nordson Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 135.35 116.64 116.81 117.03 145.83

Competitive Comparison of Nordson's E10

For the Specialty Industrial Machinery subindustry, Nordson'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.


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

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

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



Nordson 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, Nordson's adjusted earnings per share data for the three months ended in Oct. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=42.467/133.1820*133.1820
=42.467

Current CPI (Oct. 2024) = 133.1820.

Nordson Quarterly Data

per share eps CPI Adj_EPS
201501 10.353 98.604 13.984
201504 12.308 99.824 16.421
201507 18.310 100.691 24.218
201510 13.885 100.346 18.428
201601 13.112 99.957 17.470
201604 21.144 100.947 27.896
201607 27.391 101.524 35.932
201610 24.615 101.988 32.144
201701 17.919 102.456 23.293
201704 21.017 103.167 27.132
201707 31.075 103.278 40.073
201710 26.207 104.070 33.538
201801 33.146 104.578 42.212
201804 29.096 105.708 36.658
201807 29.943 106.324 37.507
201810 29.775 106.695 37.167
201901 15.814 106.200 19.832
201904 30.011 107.818 37.071
201907 30.769 108.250 37.856
201910 33.746 108.577 41.393
202001 16.812 108.841 20.572
202004 37.887 108.173 46.646
202007 33.117 109.318 40.347
202010 6.596 109.861 7.996
202101 26.737 110.364 32.265
202104 42.758 112.673 50.541
202107 48.027 115.183 55.532
202110 38.636 116.696 44.094
202201 42.306 118.619 47.500
202204 38.275 121.978 41.791
202207 49.889 125.002 53.154
202210 48.429 125.734 51.298
202301 34.024 126.223 35.900
202304 39.752 127.992 41.364
202307 37.115 128.974 38.326
202310 40.078 129.810 41.119
202401 32.635 130.124 33.402
202404 34.982 132.289 35.218
202407 37.939 132.708 38.075
202410 42.467 133.182 42.467

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


Nordson  (MEX:NDSN) 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.

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

Shiller PE Ratio=Share Price/E10
=4925.00/145.83
=33.77

* 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 Nordson was 50.31. The lowest was 23.57. And the median was 37.76.


Be Aware

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


Nordson E10 Related Terms

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


Nordson Business Description

Traded in Other Exchanges
Address
28601 Clemens Road, Westlake, OH, USA, 44145
Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.6 billion in revenue in its fiscal 2023.