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Juniper Networks E10

: $0.89 (As of Jun. 2019)
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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.

Juniper Networks's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.89 for the trailing ten years ended in Jun. 2019.

As of today (2019-10-21), Juniper Networks's current stock price is $23.90. Juniper Networks's E10 for the quarter that ended in Jun. 2019 was $0.89. Juniper Networks's Shiller PE Ratio of today is 26.85.

During the past 13 years, the highest Shiller PE Ratio of Juniper Networks was 335.75. The lowest was 25.93. And the median was 58.24.


Juniper Networks E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Juniper Networks Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.39 0.77 0.79 0.85

Juniper Networks Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 0.80 0.84 0.85 0.87 0.89

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.


Juniper Networks E10 Distribution

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



Juniper Networks 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.

For example, Juniper Networks's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.13/256.143*256.143
=0.130

Current CPI (Jun. 2019) = 256.143.

Juniper Networks Quarterly Data

per share eps CPI Adj_EPS
200909 0.160 215.969 0.190
200912 0.040 215.949 0.047
201003 0.300 217.631 0.353
201006 0.240 217.965 0.282
201009 0.250 218.439 0.293
201012 0.350 219.179 0.409
201103 0.240 223.467 0.275
201106 0.210 225.722 0.238
201109 0.160 226.889 0.181
201112 0.180 225.672 0.204
201203 0.030 229.392 0.033
201206 0.110 229.478 0.123
201209 0.030 231.407 0.033
201212 0.190 229.601 0.212
201303 0.180 232.773 0.198
201306 0.190 233.504 0.208
201309 0.190 234.149 0.208
201312 0.300 233.049 0.330
201403 0.220 236.293 0.238
201406 0.460 238.343 0.494
201409 0.230 238.031 0.248
201412 -1.810 234.812 -1.974
201503 0.190 236.119 0.206
201506 0.400 238.638 0.429
201509 0.510 237.945 0.549
201512 0.510 236.525 0.552
201603 0.230 238.132 0.247
201606 0.360 241.018 0.383
201609 0.450 241.428 0.477
201612 0.510 241.432 0.541
201703 0.280 243.801 0.294
201706 0.470 244.955 0.491
201709 0.430 246.819 0.446
201712 -0.400 246.524 -0.416
201803 0.100 249.554 0.103
201806 0.330 251.989 0.335
201809 0.640 252.439 0.649
201812 0.550 251.233 0.561
201903 0.090 254.202 0.091
201906 0.130 256.143 0.130

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


Juniper Networks  (NYSE:JNPR) 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.

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

Shiller PE Ratio=Share Price/E10
=23.90/0.89
=26.85

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Juniper Networks was 335.75. The lowest was 25.93. And the median was 58.24.


Be Aware

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


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