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Assurant E10

: $8.55 (As of Sep. 2021)
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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.

Assurant's adjusted earnings per share data for the three months ended in Sep. 2021 was $14.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $8.55 for the trailing ten years ended in Sep. 2021.

As of today (2021-12-07), Assurant's current stock price is $154.67. Assurant's E10 for the quarter that ended in Sep. 2021 was $8.55. Assurant's Shiller PE Ratio of today is 18.09.

During the past 13 years, the highest Shiller PE Ratio of Assurant was 23.85. The lowest was 7.92. And the median was 16.02.


Assurant E10 Historical Data

The historical data trend for Assurant's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Assurant Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.32 5.74 5.82 6.10 6.58

Assurant Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 6.16 6.58 6.79 7.10 8.55

Competitive Comparison

For the Insurance - Specialty subindustry, Assurant's E10, along with its competitors' market caps and E10 data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

Assurant E10 Distribution

For the Insurance industry and Financial Services sector, Assurant's E10 distribution charts can be found below:

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



Assurant 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, Assurant's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=14.83/115.7343*115.7343
=14.830

Current CPI (Sep. 2021) = 115.7343.

Assurant Quarterly Data

per share eps CPI Adj_EPS
201112 1.670 95.213 2.030
201203 1.810 96.783 2.164
201206 1.940 96.819 2.319
201209 1.520 97.633 1.802
201212 0.310 96.871 0.370
201303 1.460 98.209 1.721
201306 1.700 98.518 1.997
201309 1.680 98.790 1.968
201312 1.460 98.326 1.718
201403 1.860 99.695 2.159
201406 1.950 100.560 2.244
201409 1.920 100.428 2.213
201412 0.690 99.070 0.806
201503 0.710 99.621 0.825
201506 0.470 100.684 0.540
201509 -0.100 100.392 -0.115
201512 0.970 99.792 1.125
201603 3.340 100.470 3.847
201606 2.700 101.688 3.073
201609 2.370 101.861 2.693
201612 0.540 101.863 0.614
201703 2.530 102.862 2.847
201706 2.160 103.349 2.419
201709 -1.050 104.136 -1.167
201712 5.760 104.011 6.409
201803 1.960 105.290 2.154
201806 1.090 106.317 1.187
201809 0.760 106.507 0.826
201812 0.320 105.998 0.349
201903 2.520 107.251 2.719
201906 2.210 108.070 2.367
201909 -0.960 108.329 -1.026
201912 1.980 108.420 2.114
202003 2.430 108.902 2.582
202006 2.810 108.767 2.990
202009 -0.580 109.815 -0.611
202012 2.230 109.897 2.348
202103 2.640 111.754 2.734
202106 3.320 114.631 3.352
202109 14.830 115.734 14.830

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


Assurant  (NYSE:AIZ) 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.

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

Shiller PE Ratio=Share Price/E10
=154.67/8.55
=18.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Assurant was 23.85. The lowest was 7.92. And the median was 16.02.


Be Aware

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


Assurant E10 Related Terms

Thank you for viewing the detailed overview of Assurant's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Assurant Business Description

Assurant logo
Industry
Financial Services » Insurance NAICS : 524298 SIC : 6411
Traded in Other Exchanges
Address
55 Broadway, Suite 2901, New York, NY, USA, 10006
Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. The company has four reportable segments namely Global Housing, Global Lifestyle, Global Preneed and Total Corporate and Other. Global Housing segment provides lender-placed homeowners, manufactured housing, flood insurance, and other related products, Global Lifestyle provides mobile device protection and related services, Global Preneed is engaged in providing pre-funded funeral insurance and annuity products whereas Total Corporate and others includes activities related to holding company primarily related to the company's frozen benefit plans. It generates a majority of its revenue from the Global Lifestyle Segment.
Executives
Dirienzo Dimitry officer: SVP, CAO, Controller C/O ASSURANT, INC. 28 LIBERTY ST. 41 F. NEW YORK NY 10005
Mergelmeyer Gene officer: EVP, COO ASSURANT, INC. 28 LIBERTY ST. 41 FLOOR NEW YORK NY 10005
Dziadzio Richard S officer: EVP and CFO C/O ALLIANCE CAPITAL 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Luthi Francesca officer: EVP, CAO 1180 NORTH TOWN CENTER DRIVE SUITE 100 LAS VEGAS NV 89144
Rosenblum Jay officer: EVP and CLO C/O ASSURANT, INC. 28 LIBERTY ST, 41ST FL. NEW YORK NY 10005
Carter J Braxton Ii director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Jackson Lawrence V director C/O ASSURANT, INC., 28 LIBERTY ST., 41 F NEW YORK NY 10005
Redzic Ognjen director C/O ASSURANT, INC. 28 LIBERTY STREET, 41ST FL. NEW YORK NY 10005
Stein Robert W director ASSURANT, INC. ONE CHASE MANHATTAN PLAZA, 41 FL. NEW YORK NY 10005
Cento Juan director ASSURANT, INC. ONE CHASE MANHATTAN PLAZA, 41 FL. NEW YORK NY 10005
Alves Paget Leonard director SPRINT NEXTEL 6200 SPRINT PARKWAY KSOPHF0410 - 4A403 OVERLAND PARK KS 66251
Perry Debra J director 515 RIDGEWOOD AVENUE GLEN RIDGE NJ 07028
Rosen Elaine director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ROSEN ELAINE a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Edelman Harriet director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: EDELMAN HARRIET a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Reilly Paul J director C/O ASSURANT, INC. 28 LIBERTY STREET, 41ST FL. NEW YORK NY 10005

Assurant Headlines

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