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IDEX E10

: $4.20 (As of Jun. 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.

IDEX's adjusted earnings per share data for the three months ended in Jun. 2021 was $1.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.20 for the trailing ten years ended in Jun. 2021.

As of today (2021-10-23), IDEX's current stock price is $221.07. IDEX's E10 for the quarter that ended in Jun. 2021 was $4.20. IDEX's Shiller PE Ratio of today is 52.64.

During the past 13 years, the highest Shiller PE Ratio of IDEX was 55.94. The lowest was 19.57. And the median was 37.99.


IDEX E10 Historical Data

The historical data trend for IDEX'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.

IDEX 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 2.45 2.71 3.11 3.57 3.89

IDEX Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 3.70 3.82 3.89 4.04 4.20

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.

   

IDEX E10 Distribution

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=1.34/114.6314*114.6314
=1.340

Current CPI (Jun. 2021) = 114.6314.

IDEX Quarterly Data

per share eps CPI Adj_EPS
201109 0.580 95.727 0.695
201112 0.570 95.213 0.686
201203 0.620 96.783 0.734
201206 0.650 96.819 0.770
201209 0.600 97.633 0.704
201212 -1.450 96.871 -1.716
201303 0.740 98.209 0.864
201306 0.760 98.518 0.884
201309 0.780 98.790 0.905
201312 0.820 98.326 0.956
201403 0.910 99.695 1.046
201406 0.880 100.560 1.003
201409 0.880 100.428 1.004
201412 0.770 99.070 0.891
201503 0.840 99.621 0.967
201506 0.890 100.684 1.013
201509 1.020 100.392 1.165
201512 0.870 99.792 0.999
201603 0.890 100.470 1.015
201606 0.990 101.688 1.116
201609 0.910 101.861 1.024
201612 0.750 101.863 0.844
201703 0.990 102.862 1.103
201706 1.080 103.349 1.198
201709 1.080 104.136 1.189
201712 1.210 104.011 1.334
201803 1.270 105.290 1.383
201806 1.380 106.317 1.488
201809 1.370 106.507 1.475
201812 1.270 105.998 1.373
201903 1.440 107.251 1.539
201906 1.480 108.070 1.570
201909 1.370 108.329 1.450
201912 1.260 108.420 1.332
202003 1.330 108.902 1.400
202006 0.930 108.767 0.980
202009 1.370 109.815 1.430
202012 1.320 109.897 1.377
202103 1.480 111.754 1.518
202106 1.340 114.631 1.340

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


IDEX  (NYSE:IEX) 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.

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

Shiller PE Ratio=Share Price/E10
=221.07/4.2
=52.64

* 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 IDEX was 55.94. The lowest was 19.57. And the median was 37.99.


Be Aware

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


IDEX E10 Related Terms

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


IDEX Business Description

IDEX logo
Industry
Industrials » Industrial Products NAICS : 333249 SIC : 3561
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, Chicago, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.4 billion in revenue and $537 million in adjusted operating income in 2020.
Executives
Yates Michael J officer: VP-Chief Accounting Officer 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Silvernail Andrew K director, officer: Chairman and CEO 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Bucklew Jeffrey D officer: SVP-Chief HR Officer 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Ashleman Eric D officer: President and COO 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Cade Denise R officer: SVP-General Counsel & Corp Sec 1011 WARRENVILLE ROAD SUITE 600 LISLE IL 60532
Salliotte Daniel J officer: SVP - MERGERS & ACQUISITIONS 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Mrozek Ernest J director SERVICE MASTER 2300 WARRENVILLE ROAD DOWNERS GROVE IL 60515
Cook William M director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Satterthwaite Livingston director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Christenson Carl R director C/O ALTRA INDUSTRIAL MOTION INC. 300 GRANITE STREET BRAINTREE MA 02184
Helmkamp Katrina L director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Parry David C director 155 HARLEM AVE. GLENVIEW IL 60025
Beck Mark A director 2200 PENNSYLVANIA AVENUE, NW SUITE 800W WASHINGTON DC 20037
Warner Cynthia J director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Buthman Mark A director P O BOX 619100 DALLAS TX 752619100

IDEX Headlines

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