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MTX (Minerals Technologies) E10 : $4.73 (As of Sep. 2024)


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What is Minerals Technologies 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.

Minerals Technologies's adjusted earnings per share data for the three months ended in Sep. 2024 was $1.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.73 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Minerals Technologies's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 9.70% per year. During the past 10 years, the average E10 Growth Rate was 15.80% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Minerals Technologies was 24.50% per year. The lowest was -12.10% per year. And the median was 7.40% per year.

As of today (2024-12-14), Minerals Technologies's current stock price is $79.11. Minerals Technologies's E10 for the quarter that ended in Sep. 2024 was $4.73. Minerals Technologies's Shiller PE Ratio of today is 16.73.

During the past 13 years, the highest Shiller PE Ratio of Minerals Technologies was 55.48. The lowest was 8.99. And the median was 18.88.


Minerals Technologies E10 Historical Data

The historical data trend for Minerals Technologies'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.

Minerals Technologies E10 Chart

Minerals Technologies 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 3.38 3.54 4.05 4.42 4.53

Minerals Technologies 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 4.50 4.53 4.69 4.71 4.73

Competitive Comparison of Minerals Technologies's E10

For the Specialty Chemicals subindustry, Minerals Technologies'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.


Minerals Technologies's Shiller PE Ratio Distribution in the Chemicals Industry

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

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



Minerals Technologies 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, Minerals Technologies'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)
=1.45/133.0289*133.0289
=1.450

Current CPI (Sep. 2024) = 133.0289.

Minerals Technologies Quarterly Data

per share eps CPI Adj_EPS
201412 0.610 99.070 0.819
201503 1.010 99.621 1.349
201506 0.760 100.684 1.004
201509 0.830 100.392 1.100
201512 0.480 99.792 0.640
201603 0.970 100.470 1.284
201606 0.600 101.688 0.785
201609 1.180 101.861 1.541
201612 1.040 101.863 1.358
201703 0.970 102.862 1.254
201706 1.210 103.349 1.557
201709 1.170 104.136 1.495
201712 2.120 104.011 2.711
201803 1.120 105.290 1.415
201806 1.250 106.317 1.564
201809 1.180 106.507 1.474
201812 1.220 105.998 1.531
201903 1.110 107.251 1.377
201906 0.750 108.070 0.923
201909 1.080 108.329 1.326
201912 0.830 108.420 1.018
202003 1.120 108.902 1.368
202006 0.420 108.767 0.514
202009 0.830 109.815 1.005
202012 0.910 109.897 1.102
202103 1.170 111.754 1.393
202106 1.230 114.631 1.427
202109 1.220 115.734 1.402
202112 1.230 117.630 1.391
202203 1.330 121.301 1.459
202206 1.360 125.017 1.447
202209 0.410 125.227 0.436
202212 0.620 125.222 0.659
202303 1.140 127.348 1.191
202306 0.820 128.729 0.847
202309 -0.590 129.860 -0.604
202312 1.220 129.419 1.254
202403 1.440 131.776 1.454
202406 0.610 132.554 0.612
202409 1.450 133.029 1.450

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


Minerals Technologies  (NYSE:MTX) 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.

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

Shiller PE Ratio=Share Price/E10
=79.11/4.73
=16.73

* 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 Minerals Technologies was 55.48. The lowest was 8.99. And the median was 18.88.


Be Aware

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


Minerals Technologies E10 Related Terms

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


Minerals Technologies Business Description

Traded in Other Exchanges
Address
622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707
Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.
Executives
Dj Iii Monagle officer: Vice President C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Jonathan J Hastings officer: Vice President 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis officer: Vice President 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Erin Cutler officer: VP, Human Resources 622 THIRD AVENUE, 38TH FL, NEW YORK NY 10017
Douglas T Dietrich officer: Vice President 622 THIRD AVENUE, NEW YORK X1 10017
Michael Cipolla officer: CONTROLLER C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Kristina M Johnson director 19 HEATH PL, DURHAM NC 27705
Rocky Motwani director MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Alison Ann Deans director C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Joseph C. Breunig director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Carolyn K Pittman director 622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Robert L Clark director C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Franklin Feder director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017