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Marlin Business Services (Marlin Business Services) E10 : $1.61 (As of Sep. 2021)


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What is Marlin Business Services 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.

Marlin Business Services's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.61 for the trailing ten years ended in Sep. 2021.

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 (2024-04-26), Marlin Business Services's current stock price is $23.49. Marlin Business Services's E10 for the quarter that ended in Sep. 2021 was $1.61. Marlin Business Services's Shiller PE Ratio of today is 14.59.


Marlin Business Services E10 Historical Data

The historical data trend for Marlin Business Services'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.

Marlin Business Services E10 Chart

Marlin Business Services Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.91 1.19 1.42 1.39

Marlin Business Services Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 1.27 1.39 1.46 1.57 1.61

Competitive Comparison of Marlin Business Services's E10

For the Credit Services subindustry, Marlin Business Services'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.


Marlin Business Services's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Marlin Business Services's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Marlin Business Services's Shiller PE Ratio falls into.



Marlin Business Services 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, Marlin Business Services's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.45/115.7343*115.7343
=0.450

Current CPI (Sep. 2021) = 115.7343.

Marlin Business Services Quarterly Data

per share eps CPI Adj_EPS
201112 0.160 95.213 0.194
201203 0.130 96.783 0.155
201206 0.230 96.819 0.275
201209 0.270 97.633 0.320
201212 0.280 96.871 0.335
201303 0.280 98.209 0.330
201306 0.340 98.518 0.399
201309 0.360 98.790 0.422
201312 0.260 98.326 0.306
201403 0.360 99.695 0.418
201406 0.380 100.560 0.437
201409 0.380 100.428 0.438
201412 0.380 99.070 0.444
201503 0.310 99.621 0.360
201506 0.320 100.684 0.368
201509 0.380 100.392 0.438
201512 0.240 99.792 0.278
201603 0.290 100.470 0.334
201606 0.360 101.688 0.410
201609 0.350 101.861 0.398
201612 0.380 101.863 0.432
201703 0.120 102.862 0.135
201706 0.360 103.349 0.403
201709 0.260 104.136 0.289
201712 1.270 104.011 1.413
201803 0.500 105.290 0.550
201806 0.520 106.317 0.566
201809 0.470 106.507 0.511
201812 0.510 105.998 0.557
201903 0.410 107.251 0.442
201906 0.490 108.070 0.525
201909 0.600 108.329 0.641
201912 0.690 108.420 0.737
202003 -1.000 108.902 -1.063
202006 -0.500 108.767 -0.532
202009 0.230 109.815 0.242
202012 1.280 109.897 1.348
202103 0.570 111.754 0.590
202106 0.840 114.631 0.848
202109 0.450 115.734 0.450

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


Marlin Business Services  (NAS:MRLN) 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.

Marlin Business Services's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.49/1.61
=14.59

* 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.


Be Aware

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


Marlin Business Services E10 Related Terms

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


Marlin Business Services (Marlin Business Services) Business Description

Traded in Other Exchanges
N/A
Address
300 Fellowship Road, Mount Laurel, NJ, USA, 08054
Marlin Business Services Corp is a provider of credit products and services to small businesses. The company provide equipment financing programs to manufacturers, distributors and dealers to help increase their sales and meet the needs of their small business customers. Marlin derives its revenue from interest and fees from leases and loans and, to a lesser extent, income from its property insurance program and other fee income.
Executives
Jeffrey Albert Hilzinger officer: Chief Executive Officer 3 CEDAR RIDGE DRIVE, CHESTER NJ 07930
Matthew J Sullivan 10 percent owner 1230 PEACHTREE STREET, NE SUITE 1900 ATLANTA GA 30309
Lawrence J Deangelo director C/O MARLIN BUSINESS SERVICES CORP 124 GAITHER DR MOUNT LAUREL NJ 08054
Ryan S Melcher officer: SVP and General Counsel C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MT. LAUREL NJ 07728
Michael R Bogansky officer: Chief Financial Officer C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054
Willem Mesdag 10 percent owner C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
James Sherlock officer: Senior Vice President 8 WILCOTE WAY MEDFORD NJ 08055
Dietz Edward Ralph Jr. officer: General Counsel 139 GLENWOOD ROAD HADDONFIELD NJ 08033
James W Wert director
Aswin Rajappa officer: Chief Marketing Officer 1 GREYLYNNE DRIVE PRINCETON NJ 08540
Laura C Anger officer: Chief Human Resources Officer C/O FLAGSTAR BANCORP INC., 5151 CORPORATE DRIVE, TROY MI 48098
Louis Evan Maslowe officer: Chief Credit Officer 11 SOUTHWINDS LANE MALVERN PA 19355
Edward John Siciliano officer: Chief Sales Officer 343 CHRISTOPHER DRIVE PRINCETON NJ 08540
Michael Louis Mattingly officer: Senior Vice President 223 NATHAN DRIVE CINNAMINSON NJ 08077
Gregory Lee Sting officer: Senior Vice President 4 SHEFFIELD COURT MEDFORD NJ 08055

Marlin Business Services (Marlin Business Services) Headlines

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