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Graco E10

: $1.62 (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.

Graco's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.62 for the trailing ten years ended in Sep. 2021.

As of today (2022-01-18), Graco's current stock price is $75.31. Graco's E10 for the quarter that ended in Sep. 2021 was $1.62. Graco's Shiller PE Ratio of today is 46.49.

During the past 13 years, the highest Shiller PE Ratio of Graco was 53.03. The lowest was 18.35. And the median was 33.57.


Graco E10 Historical Data

The historical data trend for Graco'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.

Graco 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 0.88 0.96 1.10 1.29 1.43

Graco 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 1.38 1.43 1.49 1.57 1.62

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Graco'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.

   

Graco E10 Distribution

For the Industrial Products industry and Industrials sector, Graco's E10 distribution charts can be found below:

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



Graco 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, Graco'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)
=0.59/115.7343*115.7343
=0.590

Current CPI (Sep. 2021) = 115.7343.

Graco Quarterly Data

per share eps CPI Adj_EPS
201112 0.167 95.213 0.203
201203 0.193 96.783 0.231
201206 0.187 96.819 0.224
201209 0.200 97.633 0.237
201212 0.227 96.871 0.271
201303 0.280 98.209 0.330
201306 0.307 98.518 0.361
201309 0.297 98.790 0.348
201312 0.237 98.326 0.279
201403 0.270 99.695 0.313
201406 0.357 100.560 0.411
201409 0.323 100.428 0.372
201412 0.267 99.070 0.312
201503 0.380 99.621 0.441
201506 0.967 100.684 1.112
201509 0.287 100.392 0.331
201512 0.313 99.792 0.363
201603 0.233 100.470 0.268
201606 0.297 101.688 0.338
201609 0.317 101.861 0.360
201612 -0.623 101.863 -0.708
201703 0.350 102.862 0.394
201706 0.460 103.349 0.515
201709 0.430 104.136 0.478
201712 0.210 104.011 0.234
201803 0.490 105.290 0.539
201806 0.510 106.317 0.555
201809 0.540 106.507 0.587
201812 0.430 105.998 0.469
201903 0.510 107.251 0.550
201906 0.510 108.070 0.546
201909 0.490 108.329 0.523
201912 0.490 108.420 0.523
202003 0.420 108.902 0.446
202006 0.170 108.767 0.181
202009 0.660 109.815 0.696
202012 0.660 109.897 0.695
202103 0.610 111.754 0.632
202106 0.630 114.631 0.636
202109 0.590 115.734 0.590

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


Graco  (NYSE:GGG) 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.

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

Shiller PE Ratio=Share Price/E10
=75.31/1.62
=46.49

* 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 Graco was 53.03. The lowest was 18.35. And the median was 33.57.


Be Aware

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


Graco E10 Related Terms

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


Graco Business Description

Graco logo
Industry
Industrials » Industrial Products NAICS : 333249 SIC : 3561
Traded in Other Exchanges
Address
88-11th Avenue Northeast, Minneapolis, MN, USA, 55413
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $1.7 billion in sales and $410 million in operating income in 2020.
Executives
Zumbolo Brian J officer: President, Asia Pacific PO BOX 1441 MINNEAPOLIS MN 55440-1441
Gallivan Karen Park officer: Executive Vice President P O BOX 1441 MINNEAPOLIS MN 55440-1441
Wheeler Kevin J. director A. O. SMITH CORPORATION 500 TENNESSEE WALTZ PARKWAY ASHLAND CITY TN 37015
Van Sant R William director PO BOX 1441 MINNEAPOLIS MN 55440-1441
Eugster Jack W director PO BOX 1441 MINNEAPOLIS MN 55440-1441
Etchart Eric director ROOM F, 22F CROSS REGION PLAZA 899 LINGLING ROAD SHANGHAI F4 200030
White Emily director C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7
Morfitt Martha A M director P.O. BOX 1441 MINNEAPOLIS MN 55440-1441
Mitau Lee R director P O BOX 1441 MINNEAPOLIS MN 55440-1441
Feragen Jody H director 1 HORMEL PLACE AUSTIN TX 55912
Gilligan J Kevin director P O BOX 1441 MINNEAPOLIS MN 55440-1441
White Timothy R officer: President, White Knight, QED 88 11TH AVENUE NE MINNEAPOLIS MN 55413
Johnson Dale D officer: President, Worldwide CED P.O. BOX 1441 MINNEAPOLIS MN 5440-1441
Chambers Caroline M officer: President, EMEA PO BOX 1441 MINNEAPOLIS MN 55440-1441
Wordell Angela F officer: EVP, Operations, President ONG 88 11TH AVENUE NE MINNEAPOLIS MN 55413

Graco Headlines

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