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Mitek Systems E10

: $-0.04 (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.

Mitek Systems's adjusted earnings per share data for the three months ended in Dec. 2020 was $0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.04 for the trailing ten years ended in Dec. 2020.

As of today (2021-02-27), Mitek Systems's current stock price is $15.280000. Mitek Systems's E10 for the quarter that ended in Dec. 2020 was $-0.04. Mitek Systems's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Mitek Systems was 0.83. The lowest was -37.50. And the median was 0.47.


Mitek Systems 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.

Mitek Systems 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 -0.09 -0.05 -0.08 -0.07 -0.05

Mitek Systems 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 -0.07 -0.07 -0.06 -0.05 -0.04

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.


Mitek Systems E10 Distribution

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



Mitek Systems 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, Mitek Systems'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)
=0.05/109.8968*109.8968
=0.050

Current CPI (Dec. 2020) = 109.8968.

Mitek Systems Quarterly Data

per share eps CPI Adj_EPS
201103 0.020 94.890 0.023
201106 0.010 95.319 0.012
201109 -0.010 95.529 -0.012
201112 0.001 95.632 0.001
201203 -0.110 97.075 -0.125
201206 -0.080 96.661 -0.091
201209 -0.120 97.595 -0.135
201212 -0.050 97.158 -0.057
201303 -0.090 98.107 -0.101
201306 -0.080 98.557 -0.089
201309 -0.050 98.536 -0.056
201312 -0.050 98.692 -0.056
201403 -0.070 100.023 -0.077
201406 -0.050 100.520 -0.055
201409 0.000 100.176 0.000
201412 0.005 98.604 0.005
201503 0.020 99.824 0.022
201506 0.030 100.691 0.033
201509 0.030 100.346 0.033
201512 -0.010 99.957 -0.011
201603 0.020 100.947 0.022
201606 0.020 101.524 0.022
201609 0.030 101.988 0.032
201612 -0.020 102.456 -0.021
201703 0.030 103.167 0.032
201706 0.020 103.278 0.021
201709 0.350 104.070 0.370
201712 -0.170 104.578 -0.179
201803 -0.030 105.708 -0.031
201806 -0.080 106.324 -0.083
201809 -0.060 106.695 -0.062
201812 -0.080 106.200 -0.083
201903 -0.020 107.818 -0.020
201906 -0.002 108.250 -0.003
201909 0.080 108.577 0.081
201912 0.010 108.841 0.010
202003 0.020 108.173 0.020
202006 0.030 109.318 0.030
202009 0.120 109.861 0.120
202012 0.050 109.897 0.050

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


Mitek Systems  (NAS:MITK) 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.

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

Shiller PE Ratio=Share Price/E10
=15.280000/-0.04
=

* 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 Mitek Systems was 0.83. The lowest was -37.50. And the median was 0.47.


Be Aware

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


Mitek Systems E10 Related Terms


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