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Spire E10

: $3.56 (As of Sep. 2021)
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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.

Spire's adjusted earnings per share data for the three months ended in Sep. 2021 was $-0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.56 for the trailing ten years ended in Sep. 2021.

As of today (2021-11-28), Spire's current stock price is $61.49. Spire's E10 for the quarter that ended in Sep. 2021 was $3.56. Spire's Shiller PE Ratio of today is 17.27.

During the past 13 years, the highest Shiller PE Ratio of Spire was 26.30. The lowest was 16.20. And the median was 20.03.


Spire E10 Historical Data

The historical data trend for Spire's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spire Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.16 3.26 3.32 3.22 3.56

Spire Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 3.22 3.27 3.53 3.54 3.56

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Spire's E10, along with its competitors' market caps and E10 data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

Spire E10 Distribution

For the Utilities - Regulated industry and Utilities sector, Spire's E10 distribution charts can be found below:

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



Spire 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, Spire's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=-0.26/115.7343*115.7343
=-0.260

Current CPI (Sep. 2021) = 115.7343.

Spire Quarterly Data

per share eps CPI Adj_EPS
201112 1.120 95.213 1.361
201203 1.320 96.783 1.578
201206 0.380 96.819 0.454
201209 -0.030 97.633 -0.036
201212 1.140 96.871 1.362
201303 1.340 98.209 1.579
201306 0.250 98.518 0.294
201309 -0.600 98.790 -0.703
201312 1.090 98.326 1.283
201403 1.590 99.695 1.846
201406 0.330 100.560 0.380
201409 -0.620 100.428 -0.714
201412 1.090 99.070 1.273
201503 2.180 99.621 2.533
201506 0.320 100.684 0.368
201509 -0.430 100.392 -0.496
201512 1.080 99.792 1.253
201603 2.310 100.470 2.661
201606 0.240 101.688 0.273
201609 -0.310 101.861 -0.352
201612 0.990 101.863 1.125
201703 2.360 102.862 2.655
201706 0.450 103.349 0.504
201709 -0.280 104.136 -0.311
201712 2.390 104.011 2.659
201803 2.030 105.290 2.231
201806 0.520 106.317 0.566
201809 -0.510 106.507 -0.554
201812 1.320 105.998 1.441
201903 3.040 107.251 3.280
201906 -0.090 108.070 -0.096
201909 -0.750 108.329 -0.801
201912 1.240 108.420 1.324
202003 2.540 108.902 2.699
202006 -1.870 108.767 -1.990
202009 -0.450 109.815 -0.474
202012 1.650 109.897 1.738
202103 3.550 111.754 3.676
202106 0.030 114.631 0.030
202109 -0.260 115.734 -0.260

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


Spire  (NYSE:SR) 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.

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

Shiller PE Ratio=Share Price/E10
=61.49/3.56
=17.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Spire was 26.30. The lowest was 16.20. And the median was 20.03.


Be Aware

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


Spire E10 Related Terms

Thank you for viewing the detailed overview of Spire's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Spire Business Description

Spire logo
Industry
Utilities » Utilities - Regulated NAICS : 221210 SIC : 4924
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.
Executives
Hampton Joseph B. officer: President, AL & MS 700 MARKET STREET ST. LOUIS MO 63101
Woodard Adam W. officer: Treasurer 700 MARKET STREET ST. LOUIS MO 63101
Rasche Steven P officer: Executive Vice President 12442 CINEMA LANE SAINT LOUIS MO 63127
Van Lokeren Mary Ann director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: VAN LOKEREN MARY ANN a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Fogarty Maria V. director 720 OLIVE ST. LOUIS MO 63101
Jones Rob L. director 555 EAST AIRTEX DRIVE HOUSTON TX 77073
Borer Mark A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BORER MARK A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Glotzbach Edward L director C/O VISUAL NETWORKS INC 2092 GAITHER ROAD ROCKVILLE MD 20850
Newberry Brenda D director 720 OLIVE STREET ST. LOUIS MO 63101
Schwartz Stephen S director 46897 BAYSIDE PARKWAY FREMONT CA 94538
Stupp John P Jr director STUPP JOHN P JR 120 SOUTH CENTRAL AVE STE 1650 ST LOUIS MO 63105
Carter Scott B. officer: SVP, COO of Distribution Ops 700 MARKET STREET ST. LOUIS MO 63101
Sitherwood Suzanne director, officer: President & CEO 700 MARKET STREET SAINT LOUIS MO 63101
Darrell Mark C officer: Senior Vice President 720 OLIVE STREET SAINT LOUIS MO 63101
Geiselhart Michael C officer: Senior Vice President 720 OLIVE STREET SAINT LOUIS MO 63101

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