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FedNat Holding Co E10

: $0.84 (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.

FedNat Holding Co's adjusted earnings per share data for the three months ended in Jun. 2020 was $-1.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.84 for the trailing ten years ended in Jun. 2020.

As of today (2020-10-28), FedNat Holding Co's current stock price is $5.19. FedNat Holding Co's E10 for the quarter that ended in Jun. 2020 was $0.84. FedNat Holding Co's Shiller PE Ratio of today is 6.18.

During the past 13 years, the highest Shiller PE Ratio of FedNat Holding Co was 56.76. The lowest was 4.46. And the median was 20.87.


FedNat Holding Co 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.

FedNat Holding Co 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 1.02 0.82 0.59 0.75 0.93

FedNat Holding Co 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 0.77 0.87 0.93 0.95 0.84

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.


FedNat Holding Co E10 Distribution

* The bar in red indicates where FedNat Holding Co's E10 falls into.



FedNat Holding Co 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, FedNat Holding Co'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)
=-1.57/109.3175*109.3175
=-1.570

Current CPI (Jun. 2020) = 109.3175.

FedNat Holding Co Quarterly Data

per share eps CPI Adj_EPS
201009 -0.160 92.277 -0.190
201012 -0.440 92.914 -0.518
201103 -0.250 94.890 -0.288
201106 -0.100 95.319 -0.115
201109 0.050 95.529 0.057
201112 0.250 95.632 0.286
201203 0.130 97.075 0.146
201206 0.180 96.661 0.204
201209 0.090 97.595 0.101
201212 0.130 97.158 0.146
201303 0.290 98.107 0.323
201306 0.310 98.557 0.344
201309 0.390 98.536 0.433
201312 0.460 98.692 0.510
201403 0.740 100.023 0.809
201406 1.010 100.520 1.098
201409 0.560 100.176 0.611
201412 0.720 98.604 0.798
201503 0.660 99.824 0.723
201506 0.840 100.691 0.912
201509 0.760 100.346 0.828
201512 0.660 99.957 0.722
201603 0.680 100.947 0.736
201606 0.070 101.524 0.075
201609 0.100 101.988 0.107
201612 -0.890 102.456 -0.950
201703 0.180 103.167 0.191
201706 0.300 103.278 0.318
201709 -0.360 104.070 -0.378
201712 0.480 104.578 0.502
201803 0.580 105.708 0.600
201806 0.690 106.324 0.709
201809 0.620 106.695 0.635
201812 -0.730 106.200 -0.751
201903 -0.300 107.818 -0.304
201906 0.550 108.250 0.555
201909 0.360 108.577 0.362
201912 -0.510 108.841 -0.512
202003 0.150 108.173 0.152
202006 -1.570 109.318 -1.570

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


FedNat Holding Co  (NAS:FNHC) 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.

FedNat Holding Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.19/0.84
=6.18

* 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 FedNat Holding Co was 56.76. The lowest was 4.46. And the median was 20.87.


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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