USD 0.88 (NYSE:JNPR). Juniper Networks E10 description, competitive comparison data, historical data and more." />Juniper Networks E10 (NYSE:JNPR)
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Juniper Networks Inc  (NYSE:JNPR) E10: USD 0.88 (As of Mar. 2019)

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 Inc's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 0.88 for the trailing ten years ended in Mar. 2019.

As of today, Juniper Networks Inc's current stock price is USD 26.48. Juniper Networks Inc's E10 for the quarter that ended in Mar. 2019 was USD 0.88. Juniper Networks Inc's Shiller PE Ratio of today is 30.09.

During the past 13 years, the highest Shiller PE Ratio of Juniper Networks Inc was 335.75. The lowest was 27.97. And the median was 59.35.


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 Inc 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 0.76 0.78 0.85

Juniper Networks Inc Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.78 0.80 0.83 0.85 0.88

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 Inc Distribution

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



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 Inc's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.09/254.202*254.202
=0.090

Current CPI (Mar. 2019) = 254.202.

Juniper Networks Inc Quarterly Data

per share eps CPI Adj_EPS
200906 0.030 215.693 0.035
200909 0.160 215.969 0.188
200912 0.040 215.949 0.047
201003 0.300 217.631 0.350
201006 0.240 217.965 0.280
201009 0.250 218.439 0.291
201012 0.350 219.179 0.406
201103 0.240 223.467 0.273
201106 0.210 225.722 0.236
201109 0.160 226.889 0.179
201112 0.180 225.672 0.203
201203 0.030 229.392 0.033
201206 0.110 229.478 0.122
201209 0.030 231.407 0.033
201212 0.190 229.601 0.210
201303 0.180 232.773 0.197
201306 0.190 233.504 0.207
201309 0.190 234.149 0.206
201312 0.300 233.049 0.327
201403 0.220 236.293 0.237
201406 0.460 238.343 0.491
201409 0.230 238.031 0.246
201412 -1.810 234.812 -1.959
201503 0.190 236.119 0.205
201506 0.400 238.638 0.426
201509 0.510 237.945 0.545
201512 0.510 236.525 0.548
201603 0.230 238.132 0.246
201606 0.360 241.018 0.380
201609 0.450 241.428 0.474
201612 0.510 241.432 0.537
201703 0.280 243.801 0.292
201706 0.470 244.955 0.488
201709 0.430 246.819 0.443
201712 -0.400 246.524 -0.412
201803 0.100 249.554 0.102
201806 0.330 251.989 0.333
201809 0.640 252.439 0.644
201812 0.550 251.233 0.556
201903 0.090 254.202 0.090

Add all the adjusted EPS together and divide 10 will get our 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 Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.48/0.88
=30.09

* 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 Inc was 335.75. The lowest was 27.97. And the median was 59.35.


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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