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A.O. Smith E10

: $1.82 (As of Mar. 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.

A.O. Smith's adjusted earnings per share data for the three months ended in Mar. 2021 was $0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.82 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-11), A.O. Smith's current stock price is $70.87. A.O. Smith's E10 for the quarter that ended in Mar. 2021 was $1.82. A.O. Smith's Shiller PE Ratio of today is 38.94.

During the past 13 years, the highest Shiller PE Ratio of A.O. Smith was 57.01. The lowest was 15.09. And the median was 33.48.


A.O. Smith E10 Historical Data

* 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.

A.O. Smith Annual Data
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 1.06 1.19 1.42 1.62 1.78

A.O. Smith Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 1.62 1.67 1.72 1.78 1.82

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.


A.O. Smith E10 Distribution

* The bar in red indicates where A.O. Smith's E10 falls into.



A.O. Smith 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, A.O. Smith's adjusted earnings per share data for the three months ended in Mar. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=0.6/110.9684*110.9684
=0.600

Current CPI (Mar. 2021) = 110.9684.

A.O. Smith Quarterly Data

per share eps CPI Adj_EPS
201106 0.270 95.319 0.314
201109 0.978 95.529 1.135
201112 0.173 95.632 0.200
201203 0.255 97.075 0.291
201206 0.190 96.661 0.218
201209 0.200 97.595 0.227
201212 0.213 97.158 0.243
201303 0.210 98.107 0.238
201306 0.225 98.557 0.253
201309 0.250 98.536 0.282
201312 0.230 98.692 0.259
201403 0.255 100.023 0.283
201406 0.315 100.520 0.348
201409 0.280 100.176 0.310
201412 0.295 98.604 0.332
201503 0.325 99.824 0.361
201506 0.395 100.691 0.435
201509 0.410 100.346 0.453
201512 0.450 99.957 0.500
201603 0.410 100.947 0.451
201606 0.490 101.524 0.536
201609 0.470 101.988 0.511
201612 0.470 102.456 0.509
201703 0.500 103.167 0.538
201706 0.530 103.278 0.569
201709 0.540 104.070 0.576
201712 0.130 104.578 0.138
201803 0.570 105.708 0.598
201806 0.660 106.324 0.689
201809 0.610 106.695 0.634
201812 0.740 106.200 0.773
201903 0.530 107.818 0.545
201906 0.610 108.250 0.625
201909 0.530 108.577 0.542
201912 0.560 108.841 0.571
202003 0.320 108.173 0.328
202006 0.420 109.318 0.426
202009 0.650 109.861 0.657
202012 0.740 110.364 0.744
202103 0.600 110.968 0.600

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


A.O. Smith  (NYSE:AOS) 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.

A.O. Smith's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=70.87/1.82
=38.94

* 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 A.O. Smith was 57.01. The lowest was 15.09. And the median was 33.48.


Be Aware

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


A.O. Smith E10 Related Terms


A.O. Smith E10 Headlines

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