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Equifax E10

: $3.31 (As of Sep. 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.

Equifax's adjusted earnings per share data for the three months ended in Sep. 2021 was $1.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.31 for the trailing ten years ended in Sep. 2021.

As of today (2021-12-09), Equifax's current stock price is $293.44. Equifax's E10 for the quarter that ended in Sep. 2021 was $3.31. Equifax's Shiller PE Ratio of today is 88.65.

During the past 13 years, the highest Shiller PE Ratio of Equifax was 89.20. The lowest was 14.99. And the median was 39.89.


Equifax E10 Historical Data

The historical data trend for Equifax'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.

Equifax 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 2.71 3.01 3.08 2.59 2.80

Equifax Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 2.80 2.80 2.96 3.17 3.31

Competitive Comparison

For the Consulting Services subindustry, Equifax'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.

   

Equifax E10 Distribution

For the Business Services industry and Industrials sector, Equifax's E10 distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=1.66/115.7343*115.7343
=1.660

Current CPI (Sep. 2021) = 115.7343.

Equifax Quarterly Data

per share eps CPI Adj_EPS
201112 0.600 95.213 0.729
201203 0.580 96.783 0.694
201206 0.620 96.819 0.741
201209 0.640 97.633 0.759
201212 0.380 96.871 0.454
201303 0.820 98.209 0.966
201306 0.730 98.518 0.858
201309 0.670 98.790 0.785
201312 0.620 98.326 0.730
201403 0.670 99.695 0.778
201406 0.750 100.560 0.863
201409 0.750 100.428 0.864
201412 0.800 99.070 0.935
201503 0.730 99.621 0.848
201506 0.920 100.684 1.058
201509 0.980 100.392 1.130
201512 0.930 99.792 1.079
201603 0.850 100.470 0.979
201606 1.080 101.688 1.229
201609 1.090 101.861 1.238
201612 1.010 101.863 1.148
201703 1.260 102.862 1.418
201706 1.360 103.349 1.523
201709 0.790 104.136 0.878
201712 1.420 104.011 1.580
201803 0.750 105.290 0.824
201806 1.190 106.317 1.295
201809 0.320 106.507 0.348
201812 0.300 105.998 0.328
201903 -4.600 107.251 -4.964
201906 0.550 108.070 0.589
201909 0.660 108.329 0.705
201912 0.070 108.420 0.075
202003 0.950 108.902 1.010
202006 0.820 108.767 0.873
202009 1.860 109.815 1.960
202012 0.610 109.897 0.642
202103 1.640 111.754 1.698
202106 1.740 114.631 1.757
202109 1.660 115.734 1.660

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


Equifax  (NYSE:EFX) 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.

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

Shiller PE Ratio=Share Price/E10
=293.44/3.31
=88.65

* 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 Equifax was 89.20. The lowest was 14.99. And the median was 39.89.


Be Aware

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


Equifax E10 Related Terms

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


Equifax Business Description

Equifax logo
Industry
Industrials » Business Services NAICS : 561450 SIC : 7323
Traded in Other Exchanges
Address
1550 Peachtree Street N.W., Atlanta, GA, USA, 30309
Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax's credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders' credit decisions. In addition, about a third of the firm's revenue comes from workforce solutions, which provides income verification and employer human resources services. Equifax generates over 20% of its revenue from outside the United States.
Executives
Bindal Sunil officer: SVP, Corp Development EQUIFAX INC. 1550 PEACHTREE STREET NW ATLANTA GA 30309
Marshall Siri S director NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Stock Elane B director 351 PHELPS DRIVE IRVING TX 75038
Houston Julia A officer: Chief Transformation Officer 1155 PERIMETER CENTER WEST ATLANTA GA 30338
Dhore Prasanna officer: Chief Data & Analytics Officer 10375 PROFESSIONAL CIRCLE RENO NV 89521
Griggs James M officer: SVP & Corp Controller 1550 PEACHTREE STREET NW ATLANTA GA 30309
Gamble John W Jr officer: Chief Financial Officer ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550
Koehler Bryson R officer: Chief Technology Officer 1550 PEACHTREE STREET NW ATLANTA GA 30309
Kelley John J Iii officer: Chief Legal Officer 1550 PEACHTREE STREET, NW ATLANTA GA 30309
Mcgregor Scott A director 5300 CALIFORNIA AVENUE IRVINE CA 92617
Wilson Heather H director 1550 PEACHTREE STREET NW ATLANTA 2Q 30309
Hough G. Thomas director P.O. BOX 407 LAKELAND FL 33802
Mckinley John A director C/O EQUIFAX INC 1550 PEACHTREE STREET NW ATLANTA GA 30309
Marcus Robert D director C/O TIME WARNER CABLE INC. 60 COLUMBUS CIRCLE, 17TH FLOOR NEW YORK NY 10023
Selander Robert W director MASTERCARD INTERNATIONAL 2000 PURCHASE STREET PURCHASE NY 10577

Equifax Headlines

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