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Ormat Technologies E10

: $0.83 (As of Dec. 2020)
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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.

Ormat Technologies's adjusted earnings per share data for the three months ended in Dec. 2020 was $0.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.83 for the trailing ten years ended in Dec. 2020.

As of today (2021-03-08), Ormat Technologies's current stock price is $79.200000. Ormat Technologies's E10 for the quarter that ended in Dec. 2020 was $0.83. Ormat Technologies's Shiller PE Ratio of today is 95.42.

During the past 13 years, the highest Shiller PE Ratio of Ormat Technologies was 150.67. The lowest was 67.82. And the median was 96.64.


Ormat Technologies 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.

Ormat Technologies Annual Data
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 0.51 0.65 0.74 0.75 0.83

Ormat Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 0.75 0.79 0.85 0.80 0.83

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.


Ormat Technologies E10 Distribution

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



Ormat Technologies 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, Ormat Technologies's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.39/109.8968*109.8968
=0.390

Current CPI (Dec. 2020) = 109.8968.

Ormat Technologies Quarterly Data

per share eps CPI Adj_EPS
201103 -0.200 94.890 -0.232
201106 0.180 95.319 0.208
201109 0.020 95.529 0.023
201112 -0.950 95.632 -1.092
201203 0.170 97.075 0.192
201206 0.190 96.661 0.216
201209 -0.010 97.595 -0.011
201212 -4.910 97.158 -5.554
201303 -0.110 98.107 -0.123
201306 0.550 98.557 0.613
201309 0.280 98.536 0.312
201312 0.180 98.692 0.200
201403 0.470 100.023 0.516
201406 0.200 100.520 0.219
201409 0.360 100.176 0.395
201412 0.150 98.604 0.167
201503 0.210 99.824 0.231
201506 0.280 100.691 0.306
201509 1.410 100.346 1.544
201512 0.460 99.957 0.506
201603 0.590 100.947 0.642
201606 0.470 101.524 0.509
201609 0.240 101.988 0.259
201612 0.560 102.456 0.601
201703 0.700 103.167 0.746
201706 0.170 103.278 0.181
201709 0.470 104.070 0.496
201712 0.791 104.578 0.831
201803 1.360 105.708 1.414
201806 -0.010 106.324 -0.010
201809 0.210 106.695 0.216
201812 0.360 106.200 0.373
201903 0.510 107.818 0.520
201906 0.660 108.250 0.670
201909 0.300 108.577 0.304
201912 0.240 108.841 0.242
202003 0.510 108.173 0.518
202006 0.450 109.318 0.452
202009 0.310 109.861 0.310
202012 0.390 109.897 0.390

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


Ormat Technologies  (NYSE:ORA) 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.

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

Shiller PE Ratio=Share Price/E10
=79.200000/0.83
=95.42

* 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 Ormat Technologies was 150.67. The lowest was 67.82. And the median was 96.64.


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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