>
Switch to:

Baxter International E10

: $3.85 (As of Dec. 2020)
View and export this data going back to 1961. Start your Free Trial

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.

Baxter International's adjusted earnings per share data for the three months ended in Dec. 2020 was $0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.85 for the trailing ten years ended in Dec. 2020.

As of today (2021-03-06), Baxter International's current stock price is $78.060000. Baxter International's E10 for the quarter that ended in Dec. 2020 was $3.85. Baxter International's Shiller PE Ratio of today is 20.28.

During the past 13 years, the highest Shiller PE Ratio of Baxter International was 23.94. The lowest was 9.71. And the median was 12.89.


Baxter International 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.

Baxter International 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 4.13 4.04 4.02 3.89 3.85

Baxter International Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 3.89 3.94 3.92 3.91 3.85

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.


Baxter International E10 Distribution

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



Baxter International 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, Baxter International's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.33/109.8968*109.8968
=0.330

Current CPI (Dec. 2020) = 109.8968.

Baxter International Quarterly Data

per share eps CPI Adj_EPS
201103 0.980 94.890 1.135
201106 1.070 95.319 1.234
201109 1.010 95.529 1.162
201112 0.820 95.632 0.942
201203 1.040 97.075 1.177
201206 1.190 96.661 1.353
201209 1.060 97.595 1.194
201212 0.890 97.158 1.007
201303 1.000 98.107 1.120
201306 1.070 98.557 1.193
201309 0.990 98.536 1.104
201312 0.590 98.692 0.657
201403 1.010 100.023 1.110
201406 0.950 100.520 1.039
201409 0.860 100.176 0.943
201412 1.740 98.604 1.939
201503 0.780 99.824 0.859
201506 0.600 100.691 0.655
201509 0.002 100.346 0.002
201512 0.370 99.957 0.407
201603 6.120 100.947 6.663
201606 2.190 101.524 2.371
201609 0.240 101.988 0.259
201612 0.460 102.456 0.493
201703 0.490 103.167 0.522
201706 0.480 103.278 0.511
201709 0.450 104.070 0.475
201712 -0.130 104.578 -0.137
201803 0.710 105.708 0.738
201806 0.630 106.324 0.651
201809 0.950 106.695 0.979
201812 0.650 106.200 0.673
201903 0.660 107.818 0.673
201906 0.600 108.250 0.609
201909 0.710 108.577 0.719
201912 -0.040 108.841 -0.040
202003 0.640 108.173 0.650
202006 0.480 109.318 0.483
202009 0.690 109.861 0.690
202012 0.330 109.897 0.330

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


Baxter International  (NYSE:BAX) 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.

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

Shiller PE Ratio=Share Price/E10
=78.060000/3.85
=20.28

* 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 Baxter International was 23.94. The lowest was 9.71. And the median was 12.89.


Be Aware

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


Baxter International E10 Related Terms


Baxter International E10 Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)