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Convergys E10

: $0.78 (As of Jun. 2018)
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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.

Convergys's adjusted earnings per share data for the three months ended in Jun. 2018 was $0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.78 for the trailing ten years ended in Jun. 2018.

As of today, Convergys's current stock price is $24.41. Convergys's E10 for the quarter that ended in Jun. 2018 was $0.78. Convergys's Shiller PE Ratio of today is 31.29.


Convergys 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.

Convergys Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.72 0.78 0.79 0.79

Convergys Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 0.82 0.82 0.79 0.80 0.78

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.


Convergys E10 Distribution

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



Convergys 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, Convergys's adjusted earnings per share data for the three months ended in Jun. 2018 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=0.14/251.989*251.989
=0.140

Current CPI (Jun. 2018) = 251.989.

Convergys Quarterly Data

per share eps CPI Adj_EPS
200809 -1.150 218.783 -1.325
200812 -0.240 210.228 -0.288
200903 0.230 212.709 0.272
200906 -0.500 215.693 -0.584
200909 -0.700 215.969 -0.817
200912 0.340 215.949 0.397
201003 0.280 217.631 0.324
201006 0.220 217.965 0.254
201009 0.230 218.439 0.265
201012 -1.170 219.179 -1.345
201103 0.280 223.467 0.316
201106 0.260 225.722 0.290
201109 1.750 226.889 1.944
201112 0.440 225.672 0.491
201203 0.220 229.392 0.242
201206 0.130 229.478 0.143
201209 0.240 231.407 0.261
201212 0.260 229.601 0.285
201303 0.230 232.773 0.249
201306 0.220 233.504 0.237
201309 0.310 234.149 0.334
201312 -0.200 233.049 -0.216
201403 0.130 236.293 0.139
201406 0.230 238.343 0.243
201409 0.310 238.031 0.328
201412 0.450 234.812 0.483
201503 0.370 236.119 0.395
201506 0.280 238.638 0.296
201509 0.560 237.945 0.593
201512 0.400 236.525 0.426
201603 0.430 238.132 0.455
201606 0.320 241.018 0.335
201609 0.460 241.428 0.480
201612 0.180 241.432 0.188
201703 0.380 243.801 0.393
201706 0.400 244.955 0.411
201709 0.350 246.819 0.357
201712 0.100 246.524 0.102
201803 0.300 249.554 0.303
201806 0.140 251.989 0.140

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


Convergys  (NYSE:CVG) 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.

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

Shiller PE Ratio=Share Price/E10
=24.41/0.78
=31.29

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


Be Aware

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


Convergys E10 Related Terms


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