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Avient E10

: $2.07 (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.

Avient's adjusted earnings per share data for the three months ended in Mar. 2021 was $0.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.07 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-15), Avient's current stock price is $53.66. Avient's E10 for the quarter that ended in Mar. 2021 was $2.07. Avient's Shiller PE Ratio of today is 25.92.

During the past 13 years, the highest Shiller PE Ratio of Avient was 1621.00. The lowest was 6.84. And the median was 44.14.


Avient 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.

Avient 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 0.90 0.84 1.40 2.13 2.10

Avient 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 2.13 2.12 2.12 2.10 2.07

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.


Avient E10 Distribution

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



Avient 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, Avient'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)
=0.86/110.9684*110.9684
=0.860

Current CPI (Mar. 2021) = 110.9684.

Avient Quarterly Data

per share eps CPI Adj_EPS
201106 0.300 95.319 0.349
201109 0.230 95.529 0.267
201112 0.150 95.632 0.174
201203 0.220 97.075 0.251
201206 0.270 96.661 0.310
201209 0.270 97.595 0.307
201212 0.030 97.158 0.034
201303 0.160 98.107 0.181
201306 1.830 98.557 2.060
201309 0.240 98.536 0.270
201312 0.250 98.692 0.281
201403 0.310 100.023 0.344
201406 0.340 100.520 0.375
201409 0.350 100.176 0.388
201412 -0.160 98.604 -0.180
201503 0.340 99.824 0.378
201506 0.740 100.691 0.816
201509 0.500 100.346 0.553
201512 0.040 99.957 0.044
201603 0.460 100.947 0.506
201606 0.590 101.524 0.645
201609 0.500 101.988 0.544
201612 0.400 102.456 0.433
201703 0.570 103.167 0.613
201706 -2.220 103.278 -2.385
201709 0.470 104.070 0.501
201712 0.460 104.578 0.488
201803 0.580 105.708 0.609
201806 0.630 106.324 0.658
201809 0.620 106.695 0.645
201812 0.140 106.200 0.146
201903 0.490 107.818 0.504
201906 0.540 108.250 0.554
201909 0.560 108.577 0.572
201912 6.000 108.841 6.117
202003 0.380 108.173 0.390
202006 0.250 109.318 0.254
202009 0.020 109.861 0.020
202012 0.810 110.364 0.814
202103 0.860 110.968 0.860

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


Avient  (NYSE:AVNT) 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.

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

Shiller PE Ratio=Share Price/E10
=53.66/2.07
=25.92

* 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 Avient was 1621.00. The lowest was 6.84. And the median was 44.14.


Be Aware

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


Avient E10 Related Terms


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