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NewBridge Bancorp  (NAS:NBBC) E10: $-0.46 (As of Sep. 2015)

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.

NewBridge Bancorp's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.46 for the trailing ten years ended in Sep. 2015.

As of today, NewBridge Bancorp's current stock price is $10.93. NewBridge Bancorp's E10 for the quarter that ended in Sep. 2015 was $-0.46. NewBridge Bancorp's Shiller PE Ratio of today is .


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.

NewBridge Bancorp Annual Data

Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 -0.25 -0.31 -0.40 -0.49

NewBridge Bancorp Quarterly Data

Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -0.40 -0.42 -0.44 -0.46 -0.49

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.


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, NewBridge Bancorp's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=0.14/237.945*237.945
=0.140

Current CPI (Sep. 2015) = 237.945.

NewBridge Bancorp Quarterly Data

per share eps CPI Adj_EPS
200512 0.289 196.800 0.349
200603 0.200 199.800 0.238
200606 0.180 202.900 0.211
200609 0.280 202.900 0.328
200612 0.040 201.800 0.047
200703 0.210 205.352 0.243
200706 0.200 208.352 0.228
200709 0.110 208.490 0.126
200712 -0.650 210.036 -0.736
200803 0.190 213.528 0.212
200806 0.020 218.815 0.022
200809 -0.100 218.783 -0.109
200812 -3.753 210.228 -4.248
200903 -0.280 212.709 -0.313
200906 -0.420 215.693 -0.463
200909 -0.410 215.969 -0.452
200912 -0.043 215.949 -0.047
201003 -0.020 217.631 -0.022
201006 0.010 217.965 0.011
201009 0.020 218.439 0.022
201012 0.024 219.179 0.026
201103 0.020 223.467 0.021
201106 0.020 225.722 0.021
201109 0.020 226.889 0.021
201112 0.043 225.672 0.045
201203 0.050 229.392 0.052
201206 0.010 229.478 0.010
201209 -2.120 231.407 -2.180
201212 0.258 229.601 0.267
201303 0.130 232.773 0.133
201306 0.380 233.504 0.387
201309 0.100 234.149 0.102
201312 0.041 233.049 0.042
201403 0.110 236.293 0.111
201406 0.030 238.343 0.030
201409 0.140 238.031 0.140
201412 0.113 234.812 0.115
201503 0.100 236.119 0.101
201506 0.150 238.638 0.150
201509 0.140 237.945 0.140

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

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

Shiller PE Ratio=Share Price/E10
=10.93/-0.46
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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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