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EMCOR Group E10

: $3.44 (As of Mar. 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.

EMCOR Group's adjusted earnings per share data for the three months ended in Mar. 2021 was $1.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.44 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-14), EMCOR Group's current stock price is $122.57. EMCOR Group's E10 for the quarter that ended in Mar. 2021 was $3.44. EMCOR Group's Shiller PE Ratio of today is 35.63.

During the past 13 years, the highest Shiller PE Ratio of EMCOR Group was 36.43. The lowest was 14.94. And the median was 26.03.


EMCOR Group E10 Historical Data

* 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.

EMCOR Group Annual Data
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 2.11 2.31 2.52 2.87 3.31

EMCOR Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 2.95 2.78 3.22 3.31 3.44

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.


EMCOR Group E10 Distribution

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



EMCOR Group 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, EMCOR Group's adjusted earnings per share data for the three months ended in Mar. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=1.54/110.9684*110.9684
=1.540

Current CPI (Mar. 2021) = 110.9684.

EMCOR Group Quarterly Data

per share eps CPI Adj_EPS
201106 0.420 95.319 0.489
201109 0.600 95.529 0.697
201112 0.540 95.632 0.627
201203 0.400 97.075 0.457
201206 0.490 96.661 0.563
201209 0.590 97.595 0.671
201212 0.680 97.158 0.777
201303 0.440 98.107 0.498
201306 0.310 98.557 0.349
201309 0.390 98.536 0.439
201312 0.680 98.692 0.765
201403 0.610 100.023 0.677
201406 0.590 100.520 0.651
201409 0.670 100.176 0.742
201412 0.660 98.604 0.743
201503 0.520 99.824 0.578
201506 0.740 100.691 0.816
201509 0.660 100.346 0.730
201512 0.810 99.957 0.899
201603 0.560 100.947 0.616
201606 0.900 101.524 0.984
201609 0.840 101.988 0.914
201612 0.660 102.456 0.715
201703 0.870 103.167 0.936
201706 0.950 103.278 1.021
201709 1.090 104.070 1.162
201712 0.900 104.578 0.955
201803 0.940 105.708 0.987
201806 1.210 106.324 1.263
201809 1.350 106.695 1.404
201812 1.360 106.200 1.421
201903 1.280 107.818 1.317
201906 1.490 108.250 1.527
201909 1.450 108.577 1.482
201912 1.540 108.841 1.570
202003 1.350 108.173 1.385
202006 -1.520 109.318 -1.543
202009 1.110 109.861 1.121
202012 1.450 110.364 1.458
202103 1.540 110.968 1.540

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


EMCOR Group  (NYSE:EME) 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.

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

Shiller PE Ratio=Share Price/E10
=122.57/3.44
=35.63

* 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 EMCOR Group was 36.43. The lowest was 14.94. And the median was 26.03.


Be Aware

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


EMCOR Group E10 Related Terms


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