USD 3.19 (NYSE:CBS). CBS Corp E10 description, competitive comparison data, historical data and more." />CBS Corp E10 (NYSE:CBS)
Switch to:
CBS Corp  (NYSE:CBS) E10: USD 3.19 (As of Mar. 2019)

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.

CBS Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 4.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 3.19 for the trailing ten years ended in Mar. 2019.

As of today, CBS Corp's current stock price is USD 50.47. CBS Corp's E10 for the quarter that ended in Mar. 2019 was USD 3.19. CBS Corp's Shiller PE Ratio of today is 15.82.

During the past 13 years, the highest Shiller PE Ratio of CBS Corp was 396.65. The lowest was 14.13. And the median was 163.63.


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.

CBS Corp Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.07 0.29 0.31 0.20 2.71

CBS Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.29 0.33 2.61 2.71 3.19

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.


CBS Corp Distribution

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



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.

For example, CBS Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=4.21/254.202*254.202
=4.210

Current CPI (Mar. 2019) = 254.202.

CBS Corp Quarterly Data

per share eps CPI Adj_EPS
200906 0.020 215.693 0.024
200909 0.300 215.969 0.353
200912 0.080 215.949 0.094
201003 -0.040 217.631 -0.047
201006 0.220 217.965 0.257
201009 0.460 218.439 0.535
201012 0.400 219.179 0.464
201103 0.290 223.467 0.330
201106 0.580 225.722 0.653
201109 0.500 226.889 0.560
201112 0.560 225.672 0.631
201203 0.540 229.392 0.598
201206 0.650 229.478 0.720
201209 0.600 231.407 0.659
201212 0.600 229.601 0.664
201303 0.690 232.773 0.754
201306 0.760 233.504 0.827
201309 0.800 234.149 0.869
201312 0.760 233.049 0.829
201403 0.780 236.293 0.839
201406 0.760 238.343 0.811
201409 3.030 238.031 3.236
201412 0.790 234.812 0.855
201503 0.780 236.119 0.840
201506 0.670 238.638 0.714
201509 0.880 237.945 0.940
201512 0.550 236.525 0.591
201603 1.020 238.132 1.089
201606 0.930 241.018 0.981
201609 1.070 241.428 1.127
201612 -0.270 241.432 -0.284
201703 -0.610 243.801 -0.636
201706 0.140 244.955 0.145
201709 1.460 246.819 1.504
201712 -0.100 246.524 -0.103
201803 1.320 249.554 1.345
201806 1.050 251.989 1.059
201809 1.290 252.439 1.299
201812 1.490 251.233 1.508
201903 4.210 254.202 4.210

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

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

Shiller PE Ratio=Share Price/E10
=50.47/3.19
=15.82

* 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 CBS Corp was 396.65. The lowest was 14.13. And the median was 163.63.


Be Aware

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


Related Terms


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)

GF Chat

{{numOfNotice}}
FEEDBACK