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Mitcham Industries Inc  (NAS:MIND) E10: $-0.15 (As of Jul. 2017)

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.

Mitcham Industries Inc's adjusted earnings per share data for the three months ended in Jul. 2017 was $-0.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.15 for the trailing ten years ended in Jul. 2017.

As of today, Mitcham Industries Inc's current stock price is $3.22. Mitcham Industries Inc's E10 for the quarter that ended in Jul. 2017 was $-0.15. Mitcham Industries Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Mitcham Industries Inc was 106.25. The lowest was 4.54. And the median was 21.60.


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.

Mitcham Industries Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.92 0.81 0.37 -0.01

Mitcham Industries Inc Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
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 0.19 0.08 -0.01 -0.08 -0.15

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.


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, Mitcham Industries Inc's adjusted earnings per share data for the three months ended in Jul. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2017 (Change)*Current CPI (Jul. 2017)
=-0.46/244.786*244.786
=-0.460

Current CPI (Jul. 2017) = 244.786.

Mitcham Industries Inc Quarterly Data

per share eps CPI Adj_EPS
200710 0.240 208.936 0.281
200801 0.320 211.080 0.371
200804 0.410 214.823 0.467
200807 0.160 219.964 0.178
200810 0.270 216.573 0.305
200901 0.040 211.143 0.046
200904 -0.010 213.240 -0.011
200907 -0.100 215.351 -0.114
200910 0.100 216.177 0.113
201001 0.060 216.687 0.068
201004 0.240 218.009 0.269
201007 -0.010 218.011 -0.011
201010 0.070 218.711 0.078
201101 0.170 220.223 0.189
201104 0.580 224.906 0.631
201107 0.110 225.922 0.119
201110 0.520 226.421 0.562
201201 0.810 226.665 0.875
201204 0.630 230.085 0.670
201207 0.480 229.104 0.513
201210 -0.100 231.317 -0.106
201301 0.260 230.280 0.276
201304 0.480 232.531 0.505
201307 -0.050 233.596 -0.052
201310 -0.210 233.546 -0.220
201401 0.130 233.916 0.136
201404 0.290 237.072 0.299
201407 -0.260 238.250 -0.267
201410 -0.030 237.433 -0.031
201501 -0.739 233.707 -0.774
201504 -0.020 236.599 -0.021
201507 -0.490 238.654 -0.503
201510 -0.480 237.838 -0.494
201601 -2.230 236.916 -2.304
201604 -0.530 239.261 -0.542
201607 -0.800 240.628 -0.814
201610 -0.620 241.729 -0.628
201701 -0.830 242.839 -0.837
201704 -0.240 244.524 -0.240
201707 -0.460 244.786 -0.460

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

Mitcham Industries Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.22/-0.15
=

* 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 Mitcham Industries Inc was 106.25. The lowest was 4.54. And the median was 21.60.


Be Aware

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


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