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Synnex E10

: $6.51 (As of Nov. 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.

Synnex's adjusted earnings per share data for the three months ended in Nov. 2020 was $4.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.51 for the trailing ten years ended in Nov. 2020.

As of today (2021-03-03), Synnex's current stock price is $92.110000. Synnex's E10 for the quarter that ended in Nov. 2020 was $6.51. Synnex's Shiller PE Ratio of today is 14.15.

During the past 13 years, the highest Shiller PE Ratio of Synnex was 16.01. The lowest was 5.67. And the median was 11.03.


Synnex 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.

Synnex Annual Data
Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.96 4.56 5.06 5.83 6.51

Synnex Quarterly Data
Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20
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 5.83 5.98 6.00 6.21 6.51

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.


Synnex E10 Distribution

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2020 (Change)*Current CPI (Nov. 2020)
=4.14/109.8968*109.8968
=4.140

Current CPI (Nov. 2020) = 109.8968.

Synnex Quarterly Data

per share eps CPI Adj_EPS
201102 0.800 94.283 0.932
201105 0.850 95.235 0.981
201108 1.070 95.727 1.228
201111 1.370 95.213 1.581
201202 1.020 96.783 1.158
201205 0.900 96.819 1.022
201208 0.930 97.633 1.047
201211 1.160 96.871 1.316
201302 0.880 98.209 0.985
201305 0.810 98.518 0.904
201308 0.190 98.790 0.211
201311 1.100 98.326 1.229
201402 1.000 99.695 1.102
201405 1.000 100.560 1.093
201408 1.140 100.428 1.247
201411 1.440 99.070 1.597
201502 1.160 99.621 1.280
201505 1.300 100.684 1.419
201508 1.210 100.392 1.325
201511 1.560 99.792 1.718
201602 1.170 100.470 1.280
201605 1.110 101.688 1.200
201608 1.470 101.861 1.586
201611 2.130 101.863 2.298
201702 1.540 102.862 1.645
201705 1.830 103.349 1.946
201708 1.870 104.136 1.973
201711 2.260 104.011 2.388
201802 0.600 105.290 0.626
201805 2.340 106.317 2.419
201808 1.680 106.507 1.733
201811 2.410 105.998 2.499
201902 1.690 107.251 1.732
201905 2.230 108.070 2.268
201908 2.400 108.329 2.435
201911 3.410 108.420 3.456
202002 2.360 108.902 2.382
202005 1.100 108.767 1.111
202008 2.600 109.815 2.602
202011 4.140 109.897 4.140

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


Synnex  (NYSE:SNX) 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.

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

Shiller PE Ratio=Share Price/E10
=92.110000/6.51
=14.15

* 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 Synnex was 16.01. The lowest was 5.67. And the median was 11.03.


Be Aware

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


Synnex E10 Related Terms


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