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IDEXX Laboratories E10

: $2.50 (As of Sep. 2019)
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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.

IDEXX Laboratories's adjusted earnings per share data for the three months ended in Sep. 2019 was $1.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.50 for the trailing ten years ended in Sep. 2019.

As of today (2019-12-09), IDEXX Laboratories's current stock price is $249.02. IDEXX Laboratories's E10 for the quarter that ended in Sep. 2019 was $2.50. IDEXX Laboratories's Shiller PE Ratio of today is 99.61.

During the past 13 years, the highest Shiller PE Ratio of IDEXX Laboratories was 127.02. The lowest was 26.11. And the median was 51.88.


IDEXX Laboratories 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.

IDEXX Laboratories Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.38 1.57 1.81 2.16

IDEXX Laboratories Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 2.10 2.16 2.27 2.40 2.50

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.


IDEXX Laboratories E10 Distribution

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



IDEXX Laboratories 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.

For example, IDEXX Laboratories's adjusted earnings per share data for the three months ended in Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=1.24/256.358*256.358
=1.240

Current CPI (Sep. 2019) = 256.358.

IDEXX Laboratories Quarterly Data

per share eps CPI Adj_EPS
200912 0.255 215.949 0.303
201003 0.275 217.631 0.324
201006 0.310 217.965 0.365
201009 0.295 218.439 0.346
201012 0.305 219.179 0.357
201103 0.310 223.467 0.356
201106 0.415 225.722 0.471
201109 0.330 226.889 0.373
201112 0.335 225.672 0.381
201203 0.360 229.392 0.402
201206 0.455 229.478 0.508
201209 0.380 231.407 0.421
201212 0.390 229.601 0.435
201303 0.405 232.773 0.446
201306 0.495 233.504 0.543
201309 0.430 234.149 0.471
201312 0.410 233.049 0.451
201403 0.445 236.293 0.483
201406 0.550 238.343 0.592
201409 0.520 238.031 0.560
201412 0.270 234.812 0.295
201503 0.490 236.119 0.532
201506 0.600 238.638 0.645
201509 0.480 237.945 0.517
201512 0.480 236.525 0.520
201603 0.510 238.132 0.549
201606 0.740 241.018 0.787
201609 0.620 241.428 0.658
201612 0.580 241.432 0.616
201703 0.770 243.801 0.810
201706 0.950 244.955 0.994
201709 0.790 246.819 0.821
201712 0.430 246.524 0.447
201803 1.010 249.554 1.038
201806 1.230 251.989 1.251
201809 1.050 252.439 1.066
201812 0.980 251.233 1.000
201903 1.170 254.202 1.180
201906 1.430 256.143 1.431
201909 1.240 256.358 1.240

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


IDEXX Laboratories  (NAS:IDXX) 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.

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

Shiller PE Ratio=Share Price/E10
=249.02/2.5
=99.61

* 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 IDEXX Laboratories was 127.02. The lowest was 26.11. And the median was 51.88.


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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