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Cerus E10

: $-0.57 (As of Dec. 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.

Cerus's adjusted earnings per share data for the three months ended in Dec. 2020 was $-0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.57 for the trailing ten years ended in Dec. 2020.

As of today (2021-03-03), Cerus's current stock price is $6.280000. Cerus's E10 for the quarter that ended in Dec. 2020 was $-0.57. Cerus's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Cerus was 8.56. The lowest was -4.50. And the median was 6.09.


Cerus 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.

Cerus Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.74 -0.64 -0.59 -0.58 -0.57

Cerus Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -0.58 -0.57 -0.57 -0.57 -0.57

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.


Cerus E10 Distribution

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



Cerus 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, Cerus's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=-0.09/109.8968*109.8968
=-0.090

Current CPI (Dec. 2020) = 109.8968.

Cerus Quarterly Data

per share eps CPI Adj_EPS
201103 -0.110 94.890 -0.127
201106 -0.130 95.319 -0.150
201109 0.050 95.529 0.058
201112 -0.160 95.632 -0.184
201203 -0.170 97.075 -0.192
201206 -0.100 96.661 -0.114
201209 -0.080 97.595 -0.090
201212 -0.070 97.158 -0.079
201303 -0.170 98.107 -0.190
201306 -0.100 98.557 -0.112
201309 -0.290 98.536 -0.323
201312 -0.100 98.692 -0.111
201403 -0.120 100.023 -0.132
201406 -0.160 100.520 -0.175
201409 -0.160 100.176 -0.176
201412 -0.250 98.604 -0.279
201503 -0.170 99.824 -0.187
201506 -0.170 100.691 -0.186
201509 -0.170 100.346 -0.186
201512 -0.150 99.957 -0.165
201603 -0.170 100.947 -0.185
201606 -0.180 101.524 -0.195
201609 -0.140 101.988 -0.151
201612 -0.130 102.456 -0.139
201703 -0.180 103.167 -0.192
201706 -0.160 103.278 -0.170
201709 -0.120 104.070 -0.127
201712 -0.100 104.578 -0.105
201803 -0.110 105.708 -0.114
201806 -0.100 106.324 -0.103
201809 -0.110 106.695 -0.113
201812 -0.120 106.200 -0.124
201903 -0.140 107.818 -0.143
201906 -0.130 108.250 -0.132
201909 -0.130 108.577 -0.132
201912 -0.120 108.841 -0.121
202003 -0.100 108.173 -0.102
202006 -0.090 109.318 -0.090
202009 -0.080 109.861 -0.080
202012 -0.090 109.897 -0.090

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


Cerus  (NAS:CERS) 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.

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

Shiller PE Ratio=Share Price/E10
=6.280000/-0.57
=

* 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 Cerus was 8.56. The lowest was -4.50. And the median was 6.09.


Be Aware

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


Cerus E10 Related Terms


Cerus E10 Headlines

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