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CIT Group E10

: $0.00 (As of Jun. 2019)
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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.

CIT Group's adjusted earnings per share data for the three months ended in Jun. 2019 was $1.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Jun. 2019.

As of today, CIT Group's current stock price is $42.35. CIT Group's E10 for the quarter that ended in Jun. 2019 was $0.00. CIT Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of CIT Group was 318.47. The lowest was 20.04. And the median was 61.76.


CIT Group 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.

CIT Group 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 0.82 0.85 -0.16 0.17 1.76

CIT Group Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 1.41 1.65 1.76 2.02 0.00

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.


CIT Group E10 Distribution

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



CIT Group 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.

For example, CIT Group's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=1.33/256.143*256.143
=1.330

Current CPI (Jun. 2019) = 256.143.

CIT Group Quarterly Data

per share eps CPI Adj_EPS
200909 -2.740 215.969 -3.250
200912 8.070 215.949 9.572
201003 0.720 217.631 0.847
201006 0.910 217.965 1.069
201009 0.580 218.439 0.680
201012 0.410 219.179 0.479
201103 0.330 223.467 0.378
201106 -0.250 225.722 -0.284
201109 -0.160 226.889 -0.181
201112 0.150 225.672 0.170
201203 -2.130 229.392 -2.378
201206 -0.360 229.478 -0.402
201209 -1.490 231.407 -1.649
201212 1.030 229.601 1.149
201303 0.810 232.773 0.891
201306 0.910 233.504 0.998
201309 0.990 234.149 1.083
201312 0.650 233.049 0.714
201403 0.590 236.293 0.640
201406 1.290 238.343 1.386
201409 2.760 238.031 2.970
201412 1.370 234.812 1.494
201503 0.590 236.119 0.640
201506 0.660 238.638 0.708
201509 3.610 237.945 3.886
201512 0.720 236.525 0.780
201603 0.720 238.132 0.774
201606 0.080 241.018 0.085
201609 0.650 241.428 0.690
201612 -5.710 241.432 -6.058
201703 0.880 243.801 0.925
201706 0.850 244.955 0.889
201709 1.610 246.819 1.671
201712 -0.740 246.524 -0.769
201803 0.740 249.554 0.760
201806 0.940 251.989 0.955
201809 1.150 252.439 1.167
201812 0.780 251.233 0.795
201903 1.180 254.202 1.189
201906 1.330 256.143 1.330

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


CIT Group  (NYSE:CIT) 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.

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

Shiller PE Ratio=Share Price/E10
=42.35/0.00
=

* 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 CIT Group was 318.47. The lowest was 20.04. And the median was 61.76.


Be Aware

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


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