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Avis Budget Group E10

: $1.19 (As of Jun. 2020)
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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.

Avis Budget Group's adjusted earnings per share data for the three months ended in Jun. 2020 was $-6.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.19 for the trailing ten years ended in Jun. 2020.

As of today (2020-10-25), Avis Budget Group's current stock price is $40.38. Avis Budget Group's E10 for the quarter that ended in Jun. 2020 was $1.19. Avis Budget Group's Shiller PE Ratio of today is 33.93.

During the past 13 years, the highest Shiller PE Ratio of Avis Budget Group was 3358.00. The lowest was 3.52. And the median was 14.07.


Avis Budget Group E10 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.

Avis Budget Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.83 -1.37 0.08 1.58 2.08

Avis Budget Group Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 1.63 1.83 2.08 1.89 1.19

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.


Avis Budget Group E10 Distribution

* The bar in red indicates where Avis Budget Group's E10 falls into.



Avis Budget Group 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, Avis Budget Group's adjusted earnings per share data for the three months ended in Jun. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=-6.91/109.3175*109.3175
=-6.910

Current CPI (Jun. 2020) = 109.3175.

Avis Budget Group Quarterly Data

per share eps CPI Adj_EPS
201009 0.730 92.277 0.865
201012 -0.230 92.914 -0.271
201103 0.060 94.890 0.069
201106 0.420 95.319 0.482
201109 0.650 95.529 0.744
201112 -1.620 95.632 -1.852
201203 -0.220 97.075 -0.248
201206 0.660 96.661 0.746
201209 2.380 97.595 2.666
201212 -0.430 97.158 -0.484
201303 -0.430 98.107 -0.479
201306 -0.260 98.557 -0.288
201309 1.020 98.536 1.132
201312 -0.260 98.692 -0.288
201403 0.030 100.023 0.033
201406 0.240 100.520 0.261
201409 1.740 100.176 1.899
201412 0.210 98.604 0.233
201503 -0.090 99.824 -0.099
201506 1.340 100.691 1.455
201509 1.770 100.346 1.928
201512 -0.060 99.957 -0.066
201603 -0.530 100.947 -0.574
201606 0.380 101.524 0.409
201609 2.280 101.988 2.444
201612 -0.350 102.456 -0.373
201703 -1.250 103.167 -1.325
201706 0.040 103.278 0.042
201709 2.910 104.070 3.057
201712 2.650 104.578 2.770
201803 -1.080 105.708 -1.117
201806 0.320 106.324 0.329
201809 2.680 106.695 2.746
201812 0.160 106.200 0.165
201903 -1.200 107.818 -1.217
201906 0.810 108.250 0.818
201909 2.500 108.577 2.517
201912 1.900 108.841 1.908
202003 -2.160 108.173 -2.183
202006 -6.910 109.318 -6.910

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


Avis Budget Group  (NAS:CAR) 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.

Avis Budget Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.38/1.19
=33.93

* 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 Avis Budget Group was 3358.00. The lowest was 3.52. And the median was 14.07.


Be Aware

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


Avis Budget Group E10 Related Terms


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