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Costamare E10

: $1.08 (As of Jun. 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.

Costamare's adjusted earnings per share data for the three months ended in Jun. 2021 was $0.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.08 for the trailing ten years ended in Jun. 2021.

As of today (2021-10-28), Costamare's current stock price is $13.31. Costamare's E10 for the quarter that ended in Jun. 2021 was $1.08. Costamare's Shiller PE Ratio of today is 12.32.

During the past 13 years, the highest Shiller PE Ratio of Costamare was 15.06. The lowest was 3.15. And the median was 6.33.


Costamare E10 Historical Data

The historical data trend for Costamare's E10 can be seen below:

* 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.

Costamare Annual Data
Trend 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 - - - 1.21 1.01

Costamare Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 1.05 1.01 1.01 1.04 1.08

Competitive Comparison

For the Marine Shipping subindustry, Costamare's E10, along with its competitors' market caps and E10 data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

Costamare E10 Distribution

For the Transportation industry and Industrials sector, Costamare's E10 distribution charts can be found below:

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



Costamare 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, Costamare's adjusted earnings per share data for the three months ended in Jun. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.68/114.6314*114.6314
=0.680

Current CPI (Jun. 2021) = 114.6314.

Costamare Quarterly Data

per share eps CPI Adj_EPS
201109 0.290 95.727 0.347
201112 0.430 95.213 0.518
201203 0.400 96.783 0.474
201206 0.310 96.819 0.367
201209 0.180 97.633 0.211
201212 0.310 96.871 0.367
201303 0.330 98.209 0.385
201306 0.410 98.518 0.477
201309 0.270 98.790 0.313
201312 0.350 98.326 0.408
201403 0.230 99.695 0.264
201406 0.320 100.560 0.365
201409 0.450 100.428 0.514
201412 0.370 99.070 0.428
201503 0.310 99.621 0.357
201506 0.530 100.684 0.603
201509 0.390 100.392 0.445
201512 0.440 99.792 0.505
201603 0.400 100.470 0.456
201606 0.420 101.688 0.473
201609 0.200 101.861 0.225
201612 -0.200 101.863 -0.225
201703 0.200 102.862 0.223
201706 0.180 103.349 0.200
201709 0.180 104.136 0.198
201712 -0.020 104.011 -0.022
201803 0.110 105.290 0.120
201806 0.060 106.317 0.065
201809 0.060 106.507 0.065
201812 0.110 105.998 0.119
201903 -0.080 107.251 -0.086
201906 0.180 108.070 0.191
201909 0.240 108.329 0.254
201912 0.240 108.420 0.254
202003 0.210 108.902 0.221
202006 -0.700 108.767 -0.738
202009 0.150 109.815 0.157
202012 0.160 109.897 0.167
202103 0.490 111.754 0.503
202106 0.680 114.631 0.680

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


Costamare  (NYSE:CMRE) 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.

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

Shiller PE Ratio=Share Price/E10
=13.31/1.08
=12.32

* 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 Costamare was 15.06. The lowest was 3.15. And the median was 6.33.


Be Aware

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


Costamare E10 Related Terms

Thank you for viewing the detailed overview of Costamare's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Costamare Business Description

Costamare logo
Industry
Industrials » Transportation NAICS : 488320 SIC : 4789
Address
7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.

Costamare Headlines

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