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3D Systems Corp  (NYSE:DDD) E10: $-0.59 (As of Mar. 2019)

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.

3D Systems Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was $-0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.59 for the trailing ten years ended in Mar. 2019.

As of today, 3D Systems Corp's current stock price is $8.36. 3D Systems Corp's E10 for the quarter that ended in Mar. 2019 was $-0.59. 3D Systems Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of 3D Systems Corp was 1617.33. The lowest was 0.00. And the median was 403.58.


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.

3D Systems Corp 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 0.12 -0.49 -0.46 -0.52 -0.56

3D Systems Corp 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 -0.54 -0.55 -0.56 -0.56 -0.59

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.


3D Systems Corp Distribution

* The bar in red indicates where 3D Systems Corp's E10 falls into.



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, 3D Systems Corp'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)
=-0.22/254.202*254.202
=-0.220

Current CPI (Mar. 2019) = 254.202.

3D Systems Corp Quarterly Data

per share eps CPI Adj_EPS
200906 -0.020 215.693 -0.024
200909 0.013 215.969 0.015
200912 0.053 215.949 0.062
201003 0.030 217.631 0.035
201006 0.040 217.965 0.047
201009 0.073 218.439 0.085
201012 0.133 219.179 0.154
201103 0.093 223.467 0.106
201106 0.173 225.722 0.195
201109 0.093 226.889 0.104
201112 0.103 225.672 0.116
201203 0.080 229.392 0.089
201206 0.110 229.478 0.122
201209 0.160 231.407 0.176
201212 0.127 229.601 0.141
201303 0.060 232.773 0.066
201306 0.100 233.504 0.109
201309 0.170 234.149 0.185
201312 0.110 233.049 0.120
201403 0.050 236.293 0.054
201406 0.020 238.343 0.021
201409 0.030 238.031 0.032
201412 0.020 234.812 0.022
201503 -0.120 236.119 -0.129
201506 -0.120 238.638 -0.128
201509 -0.290 237.945 -0.310
201512 -5.320 236.525 -5.718
201603 -0.160 238.132 -0.171
201606 -0.040 241.018 -0.042
201609 -0.190 241.428 -0.200
201612 0.050 241.432 0.053
201703 -0.090 243.801 -0.094
201706 -0.080 244.955 -0.083
201709 -0.340 246.819 -0.350
201712 -0.080 246.524 -0.082
201803 -0.190 249.554 -0.194
201806 -0.080 251.989 -0.081
201809 -0.100 252.439 -0.101
201812 -0.040 251.233 -0.040
201903 -0.220 254.202 -0.220

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

3D Systems Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.36/-0.59
=

* 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 3D Systems Corp was 1617.33. The lowest was 0.00. And the median was 403.58.


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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