USD 1.70 as of today(2019-12-08). In depth view into CSG Systems International E10 explanation, calculation, historical data and more" />CSGS E10 | CSG Systems International - GuruFocus.com
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CSG Systems International E10

: USD 1.70 (As of Sep. 2019)
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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.

CSG Systems International's adjusted earnings per share data for the three months ended in Sep. 2019 was USD 0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 1.70 for the trailing ten years ended in Sep. 2019.

As of today (2019-12-08), CSG Systems International's current stock price is USD 57.05. CSG Systems International's E10 for the quarter that ended in Sep. 2019 was USD 1.70. CSG Systems International's Shiller PE Ratio of today is 33.56.

During the past 13 years, the highest Shiller PE Ratio of CSG Systems International was 33.75. The lowest was 9.99. And the median was 19.44.


CSG Systems International 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.

CSG Systems International 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 1.38 1.45 1.52 1.55 1.61

CSG Systems International Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 1.59 1.61 1.64 1.68 1.70

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.


CSG Systems International E10 Distribution

* The bar in red indicates where CSG Systems International's E10 falls into.



CSG Systems International 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.

For example, CSG Systems International's adjusted earnings per share data for the three months ended in Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=0.66/256.358*256.358
=0.660

Current CPI (Sep. 2019) = 256.358.

CSG Systems International Quarterly Data

per share eps CPI Adj_EPS
200912 0.250 215.949 0.297
201003 0.030 217.631 0.035
201006 0.350 217.965 0.412
201009 0.350 218.439 0.411
201012 -0.050 219.179 -0.058
201103 0.350 223.467 0.402
201106 0.270 225.722 0.307
201109 0.320 226.889 0.362
201112 0.350 225.672 0.398
201203 0.360 229.392 0.402
201206 0.370 229.478 0.413
201209 0.290 231.407 0.321
201212 0.480 229.601 0.536
201303 0.460 232.773 0.507
201306 0.370 233.504 0.406
201309 0.470 234.149 0.515
201312 0.270 233.049 0.297
201403 0.280 236.293 0.304
201406 0.280 238.343 0.301
201409 0.150 238.031 0.162
201412 0.380 234.812 0.415
201503 0.280 236.119 0.304
201506 0.390 238.638 0.419
201509 0.500 237.945 0.539
201512 0.700 236.525 0.759
201603 0.640 238.132 0.689
201606 0.330 241.018 0.351
201609 0.550 241.428 0.584
201612 0.380 241.432 0.403
201703 0.620 243.801 0.652
201706 0.350 244.955 0.366
201709 0.440 246.819 0.457
201712 0.450 246.524 0.468
201803 0.420 249.554 0.431
201806 0.460 251.989 0.468
201809 0.490 252.439 0.498
201812 0.640 251.233 0.653
201903 0.590 254.202 0.595
201906 0.600 256.143 0.601
201909 0.660 256.358 0.660

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


CSG Systems International  (NAS:CSGS) 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.

CSG Systems International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=57.05/1.7
=33.56

* 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 CSG Systems International was 33.75. The lowest was 9.99. And the median was 19.44.


Be Aware

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


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