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Icon E10

: $4.16 (As of Sep. 2021)
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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.

Icon's adjusted earnings per share data for the three months ended in Sep. 2021 was $-1.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.16 for the trailing ten years ended in Sep. 2021.

As of today (2021-12-03), Icon's current stock price is $273.05. Icon's E10 for the quarter that ended in Sep. 2021 was $4.16. Icon's Shiller PE Ratio of today is 65.64.

During the past 13 years, the highest Shiller PE Ratio of Icon was 68.94. The lowest was 12.34. And the median was 40.74.


Icon E10 Historical Data

The historical data trend for Icon'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.

Icon 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 2.09 2.41 2.86 3.41 3.84

Icon 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 3.68 3.84 4.05 4.21 4.16

Competitive Comparison

For the Diagnostics & Research subindustry, Icon'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.

   

Icon E10 Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Icon's E10 distribution charts can be found below:

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



Icon 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, Icon'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)
=-1.17/104.8592*104.8592
=-1.170

Current CPI (Sep. 2021) = 104.8592.

Icon Quarterly Data

per share eps CPI Adj_EPS
201112 0.070 98.480 0.075
201203 0.150 99.875 0.157
201206 0.130 99.676 0.137
201209 0.290 100.075 0.304
201212 0.340 99.676 0.358
201303 0.310 100.374 0.324
201306 0.360 100.374 0.376
201309 0.450 100.274 0.471
201312 0.530 99.875 0.556
201403 0.570 100.573 0.594
201406 0.640 100.773 0.666
201409 0.790 100.474 0.824
201412 0.730 99.576 0.769
201503 0.900 99.975 0.944
201506 0.950 100.573 0.990
201509 1.020 100.274 1.067
201512 1.110 99.676 1.168
201603 1.120 99.676 1.178
201606 1.080 101.072 1.120
201609 1.130 100.274 1.182
201612 1.330 99.676 1.399
201703 1.290 100.374 1.348
201706 1.190 100.673 1.239
201709 1.350 100.474 1.409
201712 1.300 100.075 1.362
201803 1.420 100.573 1.481
201806 1.310 101.072 1.359
201809 1.540 101.371 1.593
201812 1.620 100.773 1.686
201903 1.630 101.670 1.681
201906 1.690 102.168 1.735
201909 1.720 102.268 1.764
201912 1.760 102.068 1.808
202003 1.620 102.367 1.659
202006 0.900 101.769 0.927
202009 1.720 101.072 1.784
202012 1.900 101.072 1.971
202103 1.820 102.367 1.864
202106 1.380 103.364 1.400
202109 -1.170 104.859 -1.170

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


Icon  (NAS:ICLR) 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.

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

Shiller PE Ratio=Share Price/E10
=273.05/4.16
=65.64

* 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 Icon was 68.94. The lowest was 12.34. And the median was 40.74.


Be Aware

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


Icon E10 Related Terms

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


Icon Business Description

Icon logo
Industry
Traded in Other Exchanges
Address
South County Business Park, Leopardstown, Dublin, IRL, 18
Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.

Icon Headlines

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