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RLI E10

: $2.99 (As of Sep. 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.

RLI's adjusted earnings per share data for the three months ended in Sep. 2020 was $0.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.99 for the trailing ten years ended in Sep. 2020.

As of today (2021-01-19), RLI's current stock price is $102.215000. RLI's E10 for the quarter that ended in Sep. 2020 was $2.99. RLI's Shiller PE Ratio of today is 34.19.

During the past 13 years, the highest Shiller PE Ratio of RLI was 35.94. The lowest was 11.91. And the median was 18.45.


RLI 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.

RLI 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 2.95 2.96 2.83 2.81 3.04

RLI Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 3.00 3.04 2.82 2.96 2.99

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.


RLI E10 Distribution

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



RLI 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, RLI's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=0.93/109.8605*109.8605
=0.930

Current CPI (Sep. 2020) = 109.8605.

RLI Quarterly Data

per share eps CPI Adj_EPS
201012 0.945 92.914 1.117
201103 0.650 94.890 0.753
201106 1.055 95.319 1.216
201109 0.560 95.529 0.644
201112 0.685 95.632 0.787
201203 0.650 97.075 0.736
201206 0.575 96.661 0.654
201209 0.595 97.595 0.670
201212 0.580 97.158 0.656
201303 0.570 98.107 0.638
201306 0.690 98.557 0.769
201309 0.860 98.536 0.959
201312 0.720 98.692 0.801
201403 0.660 100.023 0.725
201406 0.820 100.520 0.896
201409 0.760 100.176 0.833
201412 0.850 98.604 0.947
201503 0.700 99.824 0.770
201506 0.840 100.691 0.916
201509 0.810 100.346 0.887
201512 0.760 99.957 0.835
201603 0.710 100.947 0.773
201606 0.650 101.524 0.703
201609 0.500 101.988 0.539
201612 0.720 102.456 0.772
201703 0.450 103.167 0.479
201706 0.590 103.278 0.628
201709 0.040 104.070 0.042
201712 1.290 104.578 1.355
201803 0.270 105.708 0.281
201806 0.740 106.324 0.765
201809 0.880 106.695 0.906
201812 -0.464 106.200 -0.480
201903 1.460 107.818 1.488
201906 0.890 108.250 0.903
201909 0.710 108.577 0.718
201912 1.180 108.841 1.191
202003 -1.360 108.173 -1.381
202006 2.040 109.318 2.050
202009 0.930 109.861 0.930

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


RLI  (NYSE:RLI) 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.

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

Shiller PE Ratio=Share Price/E10
=102.215000/2.99
=34.19

* 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 RLI was 35.94. The lowest was 11.91. And the median was 18.45.


Be Aware

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


RLI E10 Related Terms


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