USD 11.75 (NAS:BIIB). Biogen E10 description, competitive comparison data, historical data and more." />Biogen E10 (NAS:BIIB)
Switch to:
Biogen Inc  (NAS:BIIB) E10: USD 11.75 (As of Mar. 2019)

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.

Biogen Inc's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 7.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 11.75 for the trailing ten years ended in Mar. 2019.

As of today, Biogen Inc's current stock price is USD 239.09. Biogen Inc's E10 for the quarter that ended in Mar. 2019 was USD 11.75. Biogen Inc's Shiller PE Ratio of today is 20.35.

During the past 13 years, the highest Shiller PE Ratio of Biogen Inc was 173.03. The lowest was 18.44. And the median was 66.22.


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.

Biogen Inc Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.55 6.06 7.79 8.90 10.91

Biogen Inc Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 9.56 9.99 10.63 10.91 11.75

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.


Biogen Inc Distribution

* The bar in red indicates where Biogen Inc's E10 falls into.



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, Biogen Inc's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=7.15/254.202*254.202
=7.150

Current CPI (Mar. 2019) = 254.202.

Biogen Inc Quarterly Data

per share eps CPI Adj_EPS
200906 0.490 215.693 0.577
200909 0.950 215.969 1.118
200912 1.070 215.949 1.260
201003 0.800 217.631 0.934
201006 1.120 217.965 1.306
201009 1.050 218.439 1.222
201012 0.990 219.179 1.148
201103 1.200 223.467 1.365
201106 1.180 225.722 1.329
201109 1.430 226.889 1.602
201112 1.220 225.672 1.374
201203 1.250 229.392 1.385
201206 1.610 229.478 1.783
201209 1.670 231.407 1.835
201212 1.230 229.601 1.362
201303 1.790 232.773 1.955
201306 2.060 233.504 2.243
201309 2.050 234.149 2.226
201312 1.920 233.049 2.094
201403 2.020 236.293 2.173
201406 3.010 238.343 3.210
201409 3.620 238.031 3.866
201412 3.740 234.812 4.049
201503 3.490 236.119 3.757
201506 3.930 238.638 4.186
201509 4.150 237.945 4.434
201512 3.770 236.525 4.052
201603 4.430 238.132 4.729
201606 4.790 241.018 5.052
201609 4.710 241.428 4.959
201612 2.990 241.432 3.148
201703 3.460 243.801 3.608
201706 4.070 244.955 4.224
201709 5.790 246.819 5.963
201712 -1.410 246.524 -1.454
201803 5.540 249.554 5.643
201806 4.180 251.989 4.217
201809 7.150 252.439 7.200
201812 4.730 251.233 4.786
201903 7.150 254.202 7.150

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.

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

Shiller PE Ratio=Share Price/E10
=239.09/11.75
=20.35

* 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 Biogen Inc was 173.03. The lowest was 18.44. And the median was 66.22.


Be Aware

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


Related Terms


Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK