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Carpenter Technology E10

: $1.87 (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.

Carpenter Technology's adjusted earnings per share data for the three months ended in Mar. 2019 was $1.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.87 for the trailing ten years ended in Mar. 2019.

As of today, Carpenter Technology's current stock price is $45.74. Carpenter Technology's E10 for the quarter that ended in Mar. 2019 was $1.87. Carpenter Technology's Shiller PE Ratio of today is 24.46.

During the past 13 years, the highest Shiller PE Ratio of Carpenter Technology was 36.89. The lowest was 7.90. And the median was 19.34.


Carpenter Technology 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.

Carpenter Technology Annual Data

Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.04 2.85 2.41 2.01 1.79

Carpenter Technology 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 1.80 1.79 1.79 1.78 1.87

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.


Carpenter Technology E10 Distribution

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



Carpenter Technology 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, Carpenter Technology'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)
=1.05/254.202*254.202
=1.050

Current CPI (Mar. 2019) = 254.202.

Carpenter Technology Quarterly Data

per share eps CPI Adj_EPS
200906 -0.480 215.693 -0.566
200909 -0.210 215.969 -0.247
200912 0.080 215.949 0.094
201003 0.050 217.631 0.058
201006 0.130 217.965 0.152
201009 0.170 218.439 0.198
201012 0.210 219.179 0.244
201103 0.640 223.467 0.728
201106 0.570 225.722 0.642
201109 0.530 226.889 0.594
201112 0.520 225.672 0.586
201203 0.690 229.392 0.765
201206 0.770 229.478 0.853
201209 0.740 231.407 0.813
201212 0.620 229.601 0.686
201303 0.620 232.773 0.677
201306 0.770 233.504 0.838
201309 0.650 234.149 0.706
201312 0.550 233.049 0.600
201403 0.570 236.293 0.613
201406 0.710 238.343 0.757
201409 0.250 238.031 0.267
201412 0.450 234.812 0.487
201503 -0.030 236.119 -0.032
201506 0.440 238.638 0.469
201509 0.180 237.945 0.192
201512 0.230 236.525 0.247
201603 -0.510 238.132 -0.544
201606 0.320 241.018 0.338
201609 -0.130 241.428 -0.137
201612 0.150 241.432 0.158
201703 0.440 243.801 0.459
201706 0.540 244.955 0.560
201709 0.490 246.819 0.505
201712 1.920 246.524 1.980
201803 0.630 249.554 0.642
201806 0.880 251.989 0.888
201809 0.650 252.439 0.655
201812 0.730 251.233 0.739
201903 1.050 254.202 1.050

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


Carpenter Technology  (NYSE:CRS) 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.

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

Shiller PE Ratio=Share Price/E10
=45.74/1.87
=24.46

* 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 Carpenter Technology was 36.89. The lowest was 7.90. And the median was 19.34.


Be Aware

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


Carpenter Technology E10 Explanation


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