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ICF International E10

: $2.64 (As of Sep. 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.

ICF International's adjusted earnings per share data for the three months ended in Sep. 2020 was $0.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.64 for the trailing ten years ended in Sep. 2020.

As of today (2020-12-04), ICF International's current stock price is $74.29. ICF International's E10 for the quarter that ended in Sep. 2020 was $2.64. ICF International's Shiller PE Ratio of today is 28.14.

During the past 13 years, the highest Shiller PE Ratio of ICF International was 37.28. The lowest was 2.73. And the median was 23.59.


ICF 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.

ICF International 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 1.93 2.09 2.14 2.27 2.52

ICF International Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 2.46 2.52 2.53 2.58 2.64

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.


ICF International E10 Distribution

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



ICF 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.

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, ICF International's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=0.94/109.8149*109.8149
=0.940

Current CPI (Sep. 2020) = 109.8149.

ICF International Quarterly Data

per share eps CPI Adj_EPS
201012 0.360 92.914 0.425
201103 0.390 94.890 0.451
201106 0.450 95.319 0.518
201109 0.470 95.529 0.540
201112 0.440 95.632 0.505
201203 0.450 97.075 0.509
201206 0.520 96.661 0.591
201209 0.480 97.595 0.540
201212 0.470 97.158 0.531
201303 0.510 98.107 0.571
201306 0.520 98.557 0.579
201309 0.550 98.536 0.613
201312 0.380 98.692 0.423
201403 0.480 100.023 0.527
201406 0.500 100.520 0.546
201409 0.590 100.176 0.647
201412 0.440 98.604 0.490
201503 0.400 99.824 0.440
201506 0.470 100.691 0.513
201509 0.590 100.346 0.646
201512 0.550 99.957 0.604
201603 0.510 100.947 0.555
201606 0.550 101.524 0.595
201609 0.700 101.988 0.754
201612 0.650 102.456 0.697
201703 0.520 103.167 0.554
201706 0.630 103.278 0.670
201709 0.720 104.070 0.760
201712 1.410 104.578 1.481
201803 0.650 105.708 0.675
201806 0.710 106.324 0.733
201809 0.860 106.695 0.885
201812 0.970 106.200 1.003
201903 0.800 107.818 0.815
201906 0.760 108.250 0.771
201909 1.020 108.577 1.032
201912 1.010 108.841 1.019
202003 0.550 108.173 0.558
202006 0.720 109.318 0.723
202009 0.940 109.815 0.940

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


ICF International  (NAS:ICFI) 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.

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

Shiller PE Ratio=Share Price/E10
=74.29/2.64
=28.14

* 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 ICF International was 37.28. The lowest was 2.73. And the median was 23.59.


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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