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Nanometrics E10

: $0.78 (As of Mar. 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.

Nanometrics's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.78 for the trailing ten years ended in Mar. 2019.

As of today, Nanometrics's current stock price is $33.49. Nanometrics's E10 for the quarter that ended in Mar. 2019 was $0.78. Nanometrics's Shiller PE Ratio of today is 42.94.

During the past 13 years, the highest Shiller PE Ratio of Nanometrics was 232.32. The lowest was 36.28. And the median was 44.16.


Nanometrics 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.

Nanometrics 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 -0.55 -0.56 -0.22 -0.07 0.69

Nanometrics Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.00 0.19 0.63 0.69 0.78

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.


Nanometrics E10 Distribution

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



Nanometrics 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, Nanometrics's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.12/254.202*254.202
=0.120

Current CPI (Mar. 2019) = 254.202.

Nanometrics Quarterly Data

per share eps CPI Adj_EPS
200906 -0.380 215.693 -0.448
200909 0.080 215.969 0.094
200912 0.000 215.949 0.000
201003 0.260 217.631 0.304
201006 0.510 217.965 0.595
201009 0.530 218.439 0.617
201012 1.130 219.179 1.311
201103 0.450 223.467 0.512
201106 0.470 225.722 0.529
201109 0.320 226.889 0.359
201112 -0.030 225.672 -0.034
201203 0.070 229.392 0.078
201206 0.190 229.478 0.210
201209 0.080 231.407 0.088
201212 -0.160 229.601 -0.177
201303 -0.240 232.773 -0.262
201306 -0.200 233.504 -0.218
201309 -0.200 234.149 -0.217
201312 0.020 233.049 0.022
201403 0.070 236.293 0.075
201406 0.020 238.343 0.021
201409 -1.190 238.031 -1.271
201412 -0.190 234.812 -0.206
201503 0.110 236.119 0.118
201506 0.060 238.638 0.064
201509 0.030 237.945 0.032
201512 -0.070 236.525 -0.075
201603 0.140 238.132 0.149
201606 0.240 241.018 0.253
201609 0.310 241.428 0.326
201612 1.040 241.432 1.095
201703 0.210 243.801 0.219
201706 0.320 244.955 0.332
201709 0.220 246.819 0.227
201712 0.420 246.524 0.433
201803 0.670 249.554 0.682
201806 0.720 251.989 0.726
201809 0.470 252.439 0.473
201812 0.490 251.233 0.496
201903 0.120 254.202 0.120

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


Nanometrics  (NAS:NANO) 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.

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

Shiller PE Ratio=Share Price/E10
=33.49/0.78
=42.94

* 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 Nanometrics was 232.32. The lowest was 36.28. And the median was 44.16.


Be Aware

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


Nanometrics E10 Explanation


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