>
Switch to:

Forrester Research E10

: $0.78 (As of Sep. 2021)
View and export this data going back to 1996. Start your Free Trial

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.

Forrester Research's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.78 for the trailing ten years ended in Sep. 2021.

As of today (2021-11-28), Forrester Research's current stock price is $58.00. Forrester Research's E10 for the quarter that ended in Sep. 2021 was $0.78. Forrester Research's Shiller PE Ratio of today is 74.36.

During the past 13 years, the highest Shiller PE Ratio of Forrester Research was 74.73. The lowest was 30.67. And the median was 44.37.


Forrester Research E10 Historical Data

The historical data trend for Forrester Research's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forrester Research Annual Data
Trend 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 0.94 0.94 0.90 0.77 0.72

Forrester Research Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.73 0.72 0.74 0.78 0.78

Competitive Comparison

For the Consulting Services subindustry, Forrester Research's E10, along with its competitors' market caps and E10 data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

Forrester Research E10 Distribution

For the Business Services industry and Industrials sector, Forrester Research's E10 distribution charts can be found below:

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



Forrester Research 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, Forrester Research's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.23/115.7343*115.7343
=0.230

Current CPI (Sep. 2021) = 115.7343.

Forrester Research Quarterly Data

per share eps CPI Adj_EPS
201112 0.380 95.213 0.462
201203 0.140 96.783 0.167
201206 0.340 96.819 0.406
201209 0.470 97.633 0.557
201212 0.210 96.871 0.251
201303 0.100 98.209 0.118
201306 0.280 98.518 0.329
201309 0.120 98.790 0.141
201312 0.100 98.326 0.118
201403 -0.003 99.695 -0.003
201406 0.230 100.560 0.265
201409 0.160 100.428 0.184
201412 0.190 99.070 0.222
201503 -0.010 99.621 -0.012
201506 0.310 100.684 0.356
201509 0.250 100.392 0.288
201512 0.110 99.792 0.128
201603 0.070 100.470 0.081
201606 0.410 101.688 0.467
201609 0.170 101.861 0.193
201612 0.310 101.863 0.352
201703 0.160 102.862 0.180
201706 0.340 103.349 0.381
201709 0.220 104.136 0.245
201712 0.110 104.011 0.122
201803 -0.100 105.290 -0.110
201806 0.430 106.317 0.468
201809 0.210 106.507 0.228
201812 0.290 105.998 0.317
201903 -0.730 107.251 -0.788
201906 0.080 108.070 0.086
201909 -0.150 108.329 -0.160
201912 0.260 108.420 0.278
202003 -0.030 108.902 -0.032
202006 0.630 108.767 0.670
202009 -0.200 109.815 -0.211
202012 0.130 109.897 0.137
202103 0.210 111.754 0.217
202106 0.430 114.631 0.434
202109 0.230 115.734 0.230

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


Forrester Research  (NAS:FORR) 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.

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

Shiller PE Ratio=Share Price/E10
=58.00/0.78
=74.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Forrester Research was 74.73. The lowest was 30.67. And the median was 44.37.


Be Aware

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


Forrester Research E10 Related Terms

Thank you for viewing the detailed overview of Forrester Research's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Forrester Research Business Description

Forrester Research logo
Industry
Industrials » Business Services NAICS : 541910 SIC : 8732
Traded in Other Exchanges
Address
60 Acorn Park Drive, Cambridge, MA, USA, 02140
Forrester Research Inc is a United-States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Executives
Peltzman Steven P. officer: CBTO C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Bradford Neil director C/O FORRESTER RESEARCH INC 400 TECHNOLOGY SQ CAMBRIDGE MA 02129
Johnson Carrie officer: Chief Research Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Teichgraeber Gretchen director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Doyle Michael A officer: Chief Financial Officer C/O EASYLINK SERVICES CORPORATION 33 KNIGHTSBRIDGE ROAD PISCATAWAY NJ 08854
Chouinard Scott officer: Chief Accounting Officer C/O FORRESTER RESEARCH, INC. 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Darrah Ryan officer: Chief Legal Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Hippler Kelley officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DR. CAMBRIDGE MA 02140
Kottmann Sherri officer: Chief People Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Kasparian Michael officer: Chief Information Officer C/O FORRESTER RESEARCH 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Birch Jean director 3050 SOFT HORIZON WAY LAS VEGAS NV 89135
Boyce David director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Wassenaar Yvonne director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Friscia Anthony J director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Galford Robert director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139

Forrester Research Headlines

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)