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Costamare E10

: $0.00 (As of Mar. 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.

Costamare's adjusted earnings per share data for the three months ended in Mar. 2019 was $-0.080. 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 Mar. 2019.

As of today, Costamare's current stock price is $5.44. Costamare's E10 for the quarter that ended in Mar. 2019 was $0.00. Costamare's Shiller PE Ratio of today is .

During the past 11 years, the highest Shiller PE Ratio of Costamare was 13.35. The lowest was 0.00. And the median was 12.19.


Costamare 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.

Costamare 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 0.00 0.00 0.00 0.00 0.00

Costamare 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 0.00 0.00 0.00 0.00 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.


Costamare E10 Distribution

* 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.

For example, Costamare'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)
=-0.08/254.202*254.202
=-0.080

Current CPI (Mar. 2019) = 254.202.

Costamare Quarterly Data

per share eps CPI Adj_EPS
200812 2.130 210.228 2.576
200909 0.510 215.969 0.600
200912 0.480 215.949 0.565
201003 0.530 217.631 0.619
201006 0.440 217.965 0.513
201009 0.510 218.439 0.593
201012 0.170 219.179 0.197
201103 0.300 223.467 0.341
201106 0.430 225.722 0.484
201109 0.290 226.889 0.325
201112 0.430 225.672 0.484
201203 0.400 229.392 0.443
201206 0.310 229.478 0.343
201209 0.180 231.407 0.198
201212 0.310 229.601 0.343
201303 0.330 232.773 0.360
201306 0.410 233.504 0.446
201309 0.270 234.149 0.293
201312 0.350 233.049 0.382
201403 0.230 236.293 0.247
201406 0.320 238.343 0.341
201409 0.450 238.031 0.481
201412 0.370 234.812 0.401
201503 0.310 236.119 0.334
201506 0.530 238.638 0.565
201509 0.390 237.945 0.417
201512 0.440 236.525 0.473
201603 0.400 238.132 0.427
201606 0.420 241.018 0.443
201609 0.200 241.428 0.211
201612 -0.200 241.432 -0.211
201703 0.200 243.801 0.209
201706 0.180 244.955 0.187
201709 0.180 246.819 0.185
201712 -0.020 246.524 -0.021
201803 0.110 249.554 0.112
201806 0.060 251.989 0.061
201809 0.060 252.439 0.060
201812 0.110 251.233 0.111
201903 -0.080 254.202 -0.080

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
=5.44/0.00
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 11 years, the highest Shiller P/E Ratio of Costamare was 13.35. The lowest was 0.00. And the median was 12.19.


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 Explanation


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