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General Mills E10

: $3.15 (As of Feb. 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.

General Mills's adjusted earnings per share data for the three months ended in Feb. 2021 was $0.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.15 for the trailing ten years ended in Feb. 2021.

As of today (2021-06-20), General Mills's current stock price is $59.76. General Mills's E10 for the quarter that ended in Feb. 2021 was $3.15. General Mills's Shiller PE Ratio of today is 18.97.

During the past 13 years, the highest Shiller PE Ratio of General Mills was 29.46. The lowest was 13.21. And the median was 20.91.


General Mills 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.

General Mills Annual Data
Trend May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 2.59 2.81 2.93 3.03

General Mills Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
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 2.98 3.03 3.09 3.09 3.15

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.
   

General Mills E10 Distribution

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



General Mills 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, General Mills's adjusted earnings per share data for the three months ended in Feb. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2021 (Change)*Current CPI (Feb. 2021)
=0.96/111.7544*111.7544
=0.960

Current CPI (Feb. 2021) = 111.7544.

General Mills Quarterly Data

per share eps CPI Adj_EPS
201105 0.480 95.235 0.563
201108 0.610 95.727 0.712
201111 0.670 95.213 0.786
201202 0.580 96.783 0.670
201205 0.490 96.819 0.566
201208 0.820 97.633 0.939
201211 0.820 96.871 0.946
201302 0.600 98.209 0.683
201305 0.550 98.518 0.624
201308 0.700 98.790 0.792
201311 0.840 98.326 0.955
201402 0.640 99.695 0.717
201405 0.650 100.560 0.722
201408 0.550 100.428 0.612
201411 0.560 99.070 0.632
201502 0.560 99.621 0.628
201505 0.300 100.684 0.333
201508 0.690 100.392 0.768
201511 0.870 99.792 0.974
201602 0.590 100.470 0.656
201605 0.620 101.688 0.681
201608 0.670 101.861 0.735
201611 0.800 101.863 0.878
201702 0.610 102.862 0.663
201705 0.690 103.349 0.746
201708 0.690 104.136 0.740
201711 0.740 104.011 0.795
201802 1.620 105.290 1.719
201805 0.590 106.317 0.620
201808 0.650 106.507 0.682
201811 0.570 105.998 0.601
201902 0.740 107.251 0.771
201905 0.940 108.070 0.972
201908 0.850 108.329 0.877
201911 0.950 108.420 0.979
202002 0.740 108.902 0.759
202005 1.020 108.767 1.048
202008 1.030 109.815 1.048
202011 1.110 109.897 1.129
202102 0.960 111.754 0.960

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


General Mills  (NYSE:GIS) 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.

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

Shiller PE Ratio=Share Price/E10
=59.76/3.15
=18.97

* 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 General Mills was 29.46. The lowest was 13.21. And the median was 20.91.


Be Aware

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


General Mills E10 Related Terms


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