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Ingevity (MEX:NGVT) E10 : MXN100.13 (As of Mar. 2024)


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What is Ingevity 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.

Ingevity's adjusted earnings per share data for the three months ended in Mar. 2024 was MXN-25.558. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN100.13 for the trailing ten years ended in Mar. 2024.

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 (2024-06-23), Ingevity's current stock price is MXN1430.00. Ingevity's E10 for the quarter that ended in Mar. 2024 was MXN100.13. Ingevity's Shiller PE Ratio of today is 14.28.

During the past 12 years, the highest Shiller PE Ratio of Ingevity was 16.31. The lowest was 9.53. And the median was 12.86.


Ingevity E10 Historical Data

The historical data trend for Ingevity'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.

Ingevity E10 Chart

Ingevity 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 - - - - 106.60

Ingevity Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 119.54 106.60 100.13

Competitive Comparison of Ingevity's E10

For the Specialty Chemicals subindustry, Ingevity'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.


Ingevity's Shiller PE Ratio Distribution in the Chemicals Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-25.558/131.7762*131.7762
=-25.558

Current CPI (Mar. 2024) = 131.7762.

Ingevity Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 100.560 0.000
201409 12.447 100.428 16.332
201412 9.466 99.070 12.591
201503 8.334 99.621 11.024
201506 9.659 100.684 12.642
201509 9.398 100.392 12.336
201512 3.024 99.792 3.993
201603 3.771 100.470 4.946
201606 10.541 101.688 13.660
201609 -3.287 101.861 -4.252
201612 4.536 101.863 5.868
201703 8.473 102.862 10.855
201706 13.738 103.349 17.517
201709 14.337 104.136 18.142
201712 19.050 104.011 24.135
201803 13.081 105.290 16.372
201806 21.614 106.317 26.790
201809 21.698 106.507 26.846
201812 19.439 105.998 24.166
201903 10.475 107.251 12.870
201906 25.740 108.070 31.386
201909 27.836 108.329 33.861
201912 19.803 108.420 24.069
202003 25.324 108.902 30.643
202006 11.310 108.767 13.703
202009 37.334 109.815 44.800
202012 24.467 109.897 29.338
202103 24.529 111.754 28.924
202106 21.897 114.631 25.172
202109 -2.262 115.734 -2.576
202112 15.180 117.630 17.006
202203 30.862 121.301 33.527
202206 30.982 125.017 32.657
202209 39.828 125.227 41.911
202212 7.993 125.222 8.411
202303 24.334 127.348 25.180
202306 16.630 128.729 17.024
202309 12.019 129.860 12.196
202312 -54.827 129.419 -55.825
202403 -25.558 131.776 -25.558

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


Ingevity  (MEX:NGVT) 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.

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

Shiller PE Ratio=Share Price/E10
=1430.00/100.13
=14.28

* 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 12 years, the highest Shiller P/E Ratio of Ingevity was 16.31. The lowest was 9.53. And the median was 12.86.


Be Aware

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


Ingevity E10 Related Terms

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


Ingevity (MEX:NGVT) Business Description

Traded in Other Exchanges
Address
4920 O'Hear Avenue, Suite 400, North Charleston, SC, USA, 29405
Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.