Switch to:

Berkshire Hathaway E10

: $16,474.20 (As of Sep. 2020)
View and export this data going back to 1980. 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.

Berkshire Hathaway's adjusted earnings per share data for the three months ended in Sep. 2020 was $18,994.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $16,474.20 for the trailing ten years ended in Sep. 2020.

As of today (2020-12-02), Berkshire Hathaway's current stock price is $343527.01. Berkshire Hathaway's E10 for the quarter that ended in Sep. 2020 was $16,474.20. Berkshire Hathaway's Shiller PE Ratio of today is 20.85.

During the past 13 years, the highest Shiller PE Ratio of Berkshire Hathaway was 28.33. The lowest was 16.52. And the median was 22.84.


Berkshire Hathaway 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.

Berkshire Hathaway Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,032.23 9,875.01 11,805.20 11,851.40 16,529.70

Berkshire Hathaway Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 14,939.50 16,529.70 13,095.80 14,723.70 16,474.20

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.


Berkshire Hathaway E10 Distribution

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



Berkshire Hathaway 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, Berkshire Hathaway's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=18994/109.8149*109.8149
=18,994.000

Current CPI (Sep. 2020) = 109.8149.

Berkshire Hathaway Quarterly Data

per share eps CPI Adj_EPS
201012 2,655.750 92.914 3,138.813
201103 917.000 94.890 1,061.229
201106 2,072.000 95.319 2,387.108
201109 1,380.000 95.529 1,586.366
201112 1,846.370 95.632 2,120.191
201203 1,966.000 97.075 2,224.006
201206 1,882.000 96.661 2,138.099
201209 2,373.000 97.595 2,670.121
201212 2,757.000 97.158 3,116.171
201303 2,977.000 98.107 3,332.259
201306 2,763.000 98.557 3,078.623
201309 3,074.000 98.536 3,425.882
201312 3,035.360 98.692 3,377.465
201403 2,862.000 100.023 3,142.173
201406 3,889.000 100.520 4,248.600
201409 2,811.000 100.176 3,081.489
201412 2,529.050 98.604 2,816.608
201503 3,143.000 99.824 3,457.581
201506 2,442.000 100.691 2,663.285
201509 5,737.000 100.346 6,278.333
201512 3,333.000 99.957 3,661.690
201603 3,401.000 100.947 3,699.775
201606 3,042.000 101.524 3,290.439
201609 4,379.000 101.988 4,715.059
201612 3,822.850 102.456 4,097.410
201703 2,469.000 103.167 2,628.090
201706 2,592.000 103.278 2,756.064
201709 2,473.000 104.070 2,609.520
201712 19,789.700 104.578 20,780.758
201803 -692.000 105.708 -718.885
201806 7,301.000 106.324 7,540.711
201809 11,280.000 106.695 11,609.853
201812 -15,474.200 106.200 -16,000.920
201903 13,209.000 107.818 13,453.594
201906 8,608.000 108.250 8,732.440
201909 10,119.000 108.577 10,234.368
201912 17,884.000 108.841 18,044.074
202003 -30,653.000 108.173 -31,118.179
202006 16,314.000 109.318 16,388.230
202009 18,994.000 109.815 18,994.000

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


Berkshire Hathaway  (NYSE:BRK.A) 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.

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

Shiller PE Ratio=Share Price/E10
=343527.01/16474.2
=20.85

* 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 Berkshire Hathaway was 28.33. The lowest was 16.52. And the median was 22.84.


Be Aware

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


Berkshire Hathaway E10 Related Terms


Berkshire Hathaway 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)