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GAMCO Investors (GAMCO Investors) E10 : $3.92 (As of Jun. 2023)


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What is GAMCO Investors E10?

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.

GAMCO Investors's adjusted earnings per share data for the three months ended in Jun. 2023 was $0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.92 for the trailing ten years ended in Jun. 2023.

During the past 12 months, GAMCO Investors's average E10 Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of GAMCO Investors was 7.60% per year. The lowest was 2.80% per year. And the median was 4.80% per year.

As of today (2024-04-24), GAMCO Investors's current stock price is $22.05. GAMCO Investors's E10 for the quarter that ended in Jun. 2023 was $3.92. GAMCO Investors's Shiller PE Ratio of today is 5.63.

During the past 13 years, the highest Shiller PE Ratio of GAMCO Investors was 17.60. The lowest was 2.58. And the median was 7.39.


GAMCO Investors E10 Historical Data

The historical data trend for GAMCO Investors'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.

GAMCO Investors E10 Chart

GAMCO Investors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 3.60 3.82 3.95 -

GAMCO Investors Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
E10 Get a 7-Day Free Trial 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 3.95 3.95 3.96 3.92 -

Competitive Comparison of GAMCO Investors's E10

For the Asset Management subindustry, GAMCO Investors's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


GAMCO Investors's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAMCO Investors's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GAMCO Investors's Shiller PE Ratio falls into.



GAMCO Investors 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, GAMCO Investors's adjusted earnings per share data for the three months ended in Jun. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0.58/128.7287*128.7287
=0.580

Current CPI (Jun. 2023) = 128.7287.

GAMCO Investors Quarterly Data

per share eps CPI Adj_EPS
201309 1.290 98.790 1.681
201312 1.290 98.326 1.689
201403 1.090 99.695 1.407
201406 1.130 100.560 1.447
201409 0.930 100.428 1.192
201412 1.130 99.070 1.468
201503 0.970 99.621 1.253
201506 0.950 100.684 1.215
201509 0.590 100.392 0.757
201512 0.730 99.792 0.942
201603 0.880 100.470 1.128
201606 0.930 101.688 1.177
201609 1.030 101.861 1.302
201612 1.070 101.863 1.352
201703 0.820 102.862 1.026
201706 0.760 103.349 0.947
201709 0.550 104.136 0.680
201712 0.460 104.011 0.569
201803 0.940 105.290 1.149
201806 1.100 106.317 1.332
201809 1.220 106.507 1.475
201812 0.810 105.998 0.984
201903 0.700 107.251 0.840
201906 0.880 108.070 1.048
201909 0.500 108.329 0.594
201912 0.910 108.420 1.080
202003 0.420 108.902 0.496
202006 0.420 108.767 0.497
202009 0.620 109.815 0.727
202012 0.740 109.897 0.867
202103 0.590 111.754 0.680
202106 0.640 114.631 0.719
202109 1.090 115.734 1.212
202112 0.410 117.630 0.449
202203 0.660 121.301 0.700
202206 0.660 125.017 0.680
202209 0.360 125.227 0.370
202212 0.840 125.222 0.864
202303 0.620 127.348 0.627
202306 0.580 128.729 0.580

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


GAMCO Investors  (OTCPK:GAMI) 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.

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

Shiller PE Ratio=Share Price/E10
=22.05/3.92
=5.63

* 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 GAMCO Investors was 17.60. The lowest was 2.58. And the median was 7.39.


Be Aware

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


GAMCO Investors E10 Related Terms

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


GAMCO Investors (GAMCO Investors) Business Description

Traded in Other Exchanges
Address
191 Mason Street, Greenwich, CT, USA, 06830
GAMCO Investors Inc is a provider of investment advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based primarily on the company's levels of assets under management (AUM) and fees associated with our various investment products. Its AUM are organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.
Executives
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Alexis Glick director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Associated Capital Group, Inc. 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Kieran Caterina officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Van Der Eb Henry other: Senior Vice President 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015
Peter D. Goldstein officer: General Counsel 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Mario J Gabelli director, 10 percent owner, officer: Chairman of the Board and CEO 191 MASON STREET, GREENWICH CT 06830
Leslie B Daniels director 540 MADISON, 22ND FLOOR, NEW YORK NY 10022
Elisa M. Wilson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Raymond Avansino director C/O ONE CORPORTATE CENTER, RYE NY 10580
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended 10 percent owner C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601
Diane Lapointe officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Ggcp Holdings Llc 10 percent owner 140 GREENWICH AVENUE, GREENWICH CT 06830
Gabelli Securities Inc 10 percent owner ONE CORPORATE CENTER, RYE NY 10580
Kevin Handwerker officer: Executive VP & General Counsel

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