Switch to:

PennyMac Mortgage Investment Trust E10

: $1.61 (As of Mar. 2020)
View and export this data going back to 2009. Start your Free Trial

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.

PennyMac Mortgage Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2020 was $-5.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.61 for the trailing ten years ended in Mar. 2020.

As of today (2020-07-02), PennyMac Mortgage Investment Trust's current stock price is $17.49. PennyMac Mortgage Investment Trust's E10 for the quarter that ended in Mar. 2020 was $1.61. PennyMac Mortgage Investment Trust's Shiller PE Ratio of today is 10.86.

During the past 11 years, the highest Shiller PE Ratio of PennyMac Mortgage Investment Trust was 10.89. The lowest was 3.14. And the median was 7.84.


PennyMac Mortgage Investment Trust 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.

PennyMac Mortgage Investment Trust Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.23

PennyMac Mortgage Investment Trust Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 0.00 0.00 0.00 2.23 1.61

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.


PennyMac Mortgage Investment Trust E10 Distribution

* The bar in red indicates where PennyMac Mortgage Investment Trust's E10 falls into.



PennyMac Mortgage Investment Trust 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, PennyMac Mortgage Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=-5.99/108.1733*108.1733
=-5.990

Current CPI (Mar. 2020) = 108.1733.

PennyMac Mortgage Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201006 0.480 91.981 0.564
201009 0.450 92.277 0.528
201012 0.430 92.914 0.501
201103 0.350 94.890 0.399
201106 0.590 95.319 0.670
201109 0.730 95.529 0.827
201112 0.700 95.632 0.792
201203 0.650 97.075 0.724
201206 0.790 96.661 0.884
201209 0.810 97.595 0.898
201212 0.830 97.158 0.924
201303 0.900 98.107 0.992
201306 0.860 98.557 0.944
201309 0.570 98.536 0.626
201312 0.690 98.692 0.756
201403 0.500 100.023 0.541
201406 0.930 100.520 1.001
201409 0.690 100.176 0.745
201412 0.340 98.604 0.373
201503 0.090 99.824 0.098
201506 0.360 100.691 0.387
201509 0.490 100.346 0.528
201512 0.210 99.957 0.227
201603 0.200 100.947 0.214
201606 -0.080 101.524 -0.085
201609 0.490 101.988 0.520
201612 0.440 102.456 0.465
201703 0.400 103.167 0.419
201706 0.380 103.278 0.398
201709 0.200 104.070 0.208
201712 0.500 104.578 0.517
201803 0.350 105.708 0.358
201806 0.470 106.324 0.478
201809 0.620 106.695 0.629
201812 0.550 106.200 0.560
201903 0.680 107.818 0.682
201906 0.500 108.250 0.500
201909 0.710 108.577 0.707
201912 0.550 108.841 0.547
202003 -5.990 108.173 -5.990

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


PennyMac Mortgage Investment Trust  (NYSE:PMT) 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.

PennyMac Mortgage Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.49/1.61
=10.86

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

During the past 11 years, the highest Shiller P/E Ratio of PennyMac Mortgage Investment Trust was 10.89. The lowest was 3.14. And the median was 7.84.


Be Aware

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


PennyMac Mortgage Investment Trust E10 Related Terms


PennyMac Mortgage Investment Trust E10 Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)