USD 3.75 as of today(2020-08-03). In depth view into Intuit E10 explanation, calculation, historical data and more" />INTU E10 | Intuit - GuruFocus.com
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Intuit E10

: USD 3.75 (As of Apr. 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.

Intuit's adjusted earnings per share data for the three months ended in Apr. 2020 was USD 4.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 3.75 for the trailing ten years ended in Apr. 2020.

As of today (2020-08-03), Intuit's current stock price is USD 310.53. Intuit's E10 for the quarter that ended in Apr. 2020 was USD 3.75. Intuit's Shiller PE Ratio of today is 82.81.

During the past 13 years, the highest Shiller PE Ratio of Intuit was 85.71. The lowest was 28.34. And the median was 45.84.


Intuit 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.

Intuit Annual Data
Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.04 2.30 2.58 2.97 3.45

Intuit Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
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 3.43 3.45 3.51 3.58 3.75

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.


Intuit E10 Distribution

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



Intuit 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, Intuit's adjusted earnings per share data for the three months ended in Apr. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2020 (Change)*Current CPI (Apr. 2020)
=4.11/108.1754*108.1754
=4.110

Current CPI (Apr. 2020) = 108.1754.

Intuit Quarterly Data

per share eps CPI Adj_EPS
201007 -0.150 92.108 -0.176
201010 -0.220 92.315 -0.258
201101 0.230 93.373 0.266
201104 2.200 95.337 2.496
201107 -0.170 95.582 -0.192
201110 -0.210 95.449 -0.238
201201 0.390 96.053 0.439
201204 2.420 96.961 2.700
201207 0.010 97.199 0.011
201210 -0.060 97.133 -0.067
201301 0.230 97.953 0.254
201304 2.710 98.282 2.983
201307 -0.050 98.675 -0.055
201310 -0.040 98.334 -0.044
201401 -0.130 99.057 -0.142
201404 3.390 100.373 3.654
201407 -0.140 100.352 -0.151
201410 -0.290 99.635 -0.315
201501 -0.230 99.032 -0.251
201504 1.780 100.333 1.919
201507 0.050 100.548 0.054
201510 -0.110 100.135 -0.119
201601 0.090 100.040 0.097
201604 3.940 101.355 4.205
201607 -0.160 101.617 -0.170
201610 -0.120 101.829 -0.127
201701 0.050 102.779 0.053
201704 3.700 103.256 3.876
201707 0.090 103.587 0.094
201710 -0.010 104.072 -0.010
201801 0.700 105.052 0.721
201804 4.530 106.148 4.617
201807 0.180 106.383 0.183
201810 0.130 106.338 0.132
201901 0.720 106.649 0.730
201904 5.220 108.048 5.226
201907 -0.170 108.245 -0.170
201910 0.220 108.519 0.219
202001 0.910 109.139 0.902
202004 4.110 108.175 4.110

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


Intuit  (NAS:INTU) 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.

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

Shiller PE Ratio=Share Price/E10
=310.53/3.75
=82.81

* 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 Intuit was 85.71. The lowest was 28.34. And the median was 45.84.


Be Aware

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


Intuit E10 Related Terms


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