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Liquidity Services E10

: $-0.38 (As of Dec. 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.

Liquidity Services's adjusted earnings per share data for the three months ended in Dec. 2020 was $0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.38 for the trailing ten years ended in Dec. 2020.

As of today (2021-03-05), Liquidity Services's current stock price is $16.210000. Liquidity Services's E10 for the quarter that ended in Dec. 2020 was $-0.38. Liquidity Services's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Liquidity Services was 562.00. The lowest was 0.00. And the median was 25.51.


Liquidity Services 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.

Liquidity Services Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 -0.15 -0.24 -0.32 -0.39

Liquidity Services Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -0.35 -0.38 -0.40 -0.39 -0.38

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.


Liquidity Services E10 Distribution

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



Liquidity Services 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, Liquidity Services's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.13/109.8968*109.8968
=0.130

Current CPI (Dec. 2020) = 109.8968.

Liquidity Services Quarterly Data

per share eps CPI Adj_EPS
201103 0.180 94.890 0.208
201106 -0.040 95.319 -0.046
201109 0.100 95.529 0.115
201112 0.280 95.632 0.322
201203 0.570 97.075 0.645
201206 0.450 96.661 0.512
201209 0.170 97.595 0.191
201212 0.200 97.158 0.226
201303 0.390 98.107 0.437
201306 0.350 98.557 0.390
201309 0.320 98.536 0.357
201312 0.220 98.692 0.245
201403 0.170 100.023 0.187
201406 0.590 100.520 0.645
201409 -0.020 100.176 -0.022
201412 -2.140 98.604 -2.385
201503 0.050 99.824 0.055
201506 0.050 100.691 0.055
201509 -1.460 100.346 -1.599
201512 -0.170 99.957 -0.187
201603 -0.030 100.947 -0.033
201606 -0.004 101.524 -0.004
201609 -1.750 101.988 -1.886
201612 -0.270 102.456 -0.290
201703 -0.260 103.167 -0.277
201706 -0.270 103.278 -0.287
201709 -0.450 104.070 -0.475
201712 -0.040 104.578 -0.042
201803 -0.180 105.708 -0.187
201806 -0.120 106.324 -0.124
201809 -0.030 106.695 -0.031
201812 -0.150 106.200 -0.155
201903 -0.130 107.818 -0.133
201906 -0.140 108.250 -0.142
201909 -0.150 108.577 -0.152
201912 -0.150 108.841 -0.151
202003 -0.130 108.173 -0.132
202006 0.010 109.318 0.010
202009 0.160 109.861 0.160
202012 0.130 109.897 0.130

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


Liquidity Services  (NAS:LQDT) 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.

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

Shiller PE Ratio=Share Price/E10
=16.210000/-0.38
=

* 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 Liquidity Services was 562.00. The lowest was 0.00. And the median was 25.51.


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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