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Icon (ICLR) E10 : $6.81 (As of Mar. 2025)


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What is Icon E10?

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 Mar. 2025 was $1.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.81 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Icon's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 15.70% per year. During the past 5 years, the average E10 Growth Rate was 14.90% per year. During the past 10 years, the average E10 Growth Rate was 16.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Icon was 19.00% per year. The lowest was 1.10% per year. And the median was 15.00% per year.

As of today (2025-07-07), Icon's current stock price is $150.10. Icon's E10 for the quarter that ended in Mar. 2025 was $6.81. Icon's Shiller PE Ratio of today is 22.04.

During the past 13 years, the highest Shiller PE Ratio of Icon was 74.02. The lowest was 18.79. And the median was 46.89.


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 E10 Chart

Icon Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.84 4.31 5.19 5.97 6.68

Icon Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 Get a 7-Day Free Trial 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 6.14 6.31 6.41 6.68 6.81

Competitive Comparison of Icon's E10

For the Diagnostics & Research subindustry, Icon's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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's Shiller PE Ratio Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Icon's Shiller PE Ratio falls into.


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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 Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.9/123.4051*123.4051
=1.900

Current CPI (Mar. 2025) = 123.4051.

Icon Quarterly Data

per share eps CPI Adj_EPS
201506 0.950 100.573 1.166
201509 1.020 100.274 1.255
201512 1.110 99.676 1.374
201603 1.120 99.676 1.387
201606 1.080 101.072 1.319
201609 1.130 100.274 1.391
201612 1.330 99.676 1.647
201703 1.290 100.374 1.586
201706 1.190 100.673 1.459
201709 1.350 100.474 1.658
201712 1.300 100.075 1.603
201803 1.420 100.573 1.742
201806 1.310 101.072 1.599
201809 1.540 101.371 1.875
201812 1.620 100.773 1.984
201903 1.630 101.670 1.978
201906 1.690 102.168 2.041
201909 1.720 102.268 2.076
201912 1.760 102.068 2.128
202003 1.620 102.367 1.953
202006 0.900 101.769 1.091
202009 1.720 101.072 2.100
202012 1.900 101.072 2.320
202103 1.820 102.367 2.194
202106 1.380 103.364 1.648
202109 -1.170 104.859 -1.377
202112 0.920 106.653 1.065
202203 1.360 109.245 1.536
202206 1.410 112.779 1.543
202209 1.940 113.504 2.109
202212 1.420 115.436 1.518
202303 1.410 117.609 1.479
202306 1.400 119.662 1.444
202309 1.970 120.749 2.013
202312 2.600 120.749 2.657
202403 2.250 120.990 2.295
202406 1.760 122.318 1.776
202409 2.360 121.594 2.395
202412 3.160 122.439 3.185
202503 1.900 123.405 1.900

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
=150.10/6.81
=22.04

* 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 74.02. The lowest was 18.79. And the median was 46.89.


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

Traded in Other Exchanges
Address
South County Business Park, Leopardstown, Dublin, IRL, D18 X5R3
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.