USD 1.53 as of today(2019-12-14). In depth view into Peapack Gladstone Financial E10 explanation, calculation, historical data and more" />PGC E10 | Peapack Gladstone Financial - GuruFocus.com
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Peapack Gladstone Financial E10

: USD 1.53 (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.

Peapack Gladstone Financial's adjusted earnings per share data for the three months ended in Sep. 2019 was USD 0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 1.53 for the trailing ten years ended in Sep. 2019.

As of today (2019-12-14), Peapack Gladstone Financial's current stock price is USD 31.08. Peapack Gladstone Financial's E10 for the quarter that ended in Sep. 2019 was USD 1.53. Peapack Gladstone Financial's Shiller PE Ratio of today is 20.31.

During the past 13 years, the highest Shiller PE Ratio of Peapack Gladstone Financial was 44.64. The lowest was 10.22. And the median was 20.87.


Peapack Gladstone Financial 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.

Peapack Gladstone Financial 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 0.78 0.74 0.77 0.83 1.39

Peapack Gladstone Financial 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 0.89 1.39 1.43 1.48 1.53

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.


Peapack Gladstone Financial E10 Distribution

* The bar in red indicates where Peapack Gladstone Financial's E10 falls into.



Peapack Gladstone Financial 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, Peapack Gladstone Financial'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)
=0.63/256.358*256.358
=0.630

Current CPI (Sep. 2019) = 256.358.

Peapack Gladstone Financial Quarterly Data

per share eps CPI Adj_EPS
200912 0.110 215.949 0.131
201003 0.160 217.631 0.188
201006 0.160 217.965 0.188
201009 0.180 218.439 0.211
201012 0.180 219.179 0.211
201103 0.180 223.467 0.206
201106 0.220 225.722 0.250
201109 0.580 226.889 0.655
201112 0.270 225.672 0.307
201203 0.300 229.392 0.335
201206 0.310 229.478 0.346
201209 0.320 231.407 0.355
201212 0.120 229.601 0.134
201303 0.320 232.773 0.352
201306 0.220 233.504 0.242
201309 0.220 234.149 0.241
201312 0.250 233.049 0.275
201403 0.260 236.293 0.282
201406 0.320 238.343 0.344
201409 0.320 238.031 0.345
201412 0.320 234.812 0.349
201503 0.330 236.119 0.358
201506 0.340 238.638 0.365
201509 0.350 237.945 0.377
201512 0.280 236.525 0.303
201603 0.340 238.132 0.366
201606 0.400 241.018 0.425
201609 0.430 241.428 0.457
201612 0.430 241.432 0.457
201703 0.460 243.801 0.484
201706 0.450 244.955 0.471
201709 0.560 246.819 0.582
201712 0.560 246.524 0.582
201803 0.570 249.554 0.586
201806 0.620 251.989 0.631
201809 0.560 252.439 0.569
201812 0.550 251.233 0.561
201903 0.580 254.202 0.585
201906 0.590 256.143 0.590
201909 0.630 256.358 0.630

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


Peapack Gladstone Financial  (NAS:PGC) 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.

Peapack Gladstone Financial's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=31.08/1.53
=20.31

* 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 Peapack Gladstone Financial was 44.64. The lowest was 10.22. And the median was 20.87.


Be Aware

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


Peapack Gladstone Financial E10 Related Terms


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