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Steris E10

: $2.29 (As of Dec. 2018)
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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.

Steris's adjusted earnings per share data for the three months ended in Dec. 2018 was $0.560. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.29 for the trailing ten years ended in Dec. 2018.

As of today, Steris's current stock price is $151.97. Steris's E10 for the quarter that ended in Dec. 2018 was $2.29. Steris's Shiller PE Ratio of today is 66.36.

During the past 13 years, the highest Shiller PE Ratio of Steris was 68.20. The lowest was 17.91. And the median was 28.74.


Steris 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.

Steris Annual Data
Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.83 1.90 1.93 1.96 2.20

Steris Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 2.14 2.20 2.25 2.31 2.29

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.


Steris E10 Distribution

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



Steris 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.

For example, Steris's adjusted earnings per share data for the three months ended in Dec. 2018 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=0.56/251.233*251.233
=0.560

Current CPI (Dec. 2018) = 251.233.

Steris Quarterly Data

per share eps CPI Adj_EPS
200903 0.470 212.709 0.555
200906 0.430 215.693 0.501
200909 0.540 215.969 0.628
200912 0.690 215.949 0.803
201003 0.500 217.631 0.577
201006 -0.760 217.965 -0.876
201009 0.590 218.439 0.679
201012 0.360 219.179 0.413
201103 0.650 223.467 0.731
201106 0.480 225.722 0.534
201109 0.500 226.889 0.554
201112 0.580 225.672 0.646
201203 0.760 229.392 0.832
201206 0.520 229.478 0.569
201209 0.680 231.407 0.738
201212 0.820 229.601 0.897
201303 0.700 232.773 0.756
201306 0.540 233.504 0.581
201309 0.500 234.149 0.536
201312 0.480 233.049 0.517
201403 0.650 236.293 0.691
201406 0.410 238.343 0.432
201409 0.520 238.031 0.549
201412 0.630 234.812 0.674
201503 0.690 236.119 0.734
201506 0.400 238.638 0.421
201509 0.140 237.945 0.148
201512 0.260 236.525 0.276
201603 0.670 238.132 0.707
201606 0.560 241.018 0.584
201609 0.470 241.428 0.489
201612 -0.060 241.432 -0.062
201703 0.310 243.801 0.319
201706 0.680 244.955 0.697
201709 0.750 246.819 0.763
201712 1.110 246.524 1.131
201803 0.860 249.554 0.866
201806 0.820 251.989 0.818
201809 0.910 252.439 0.906
201812 0.560 251.233 0.560

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


Steris  (NYSE:STE) 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.

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

Shiller PE Ratio=Share Price/E10
=151.97/2.29
=66.36

* 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 Steris was 68.20. The lowest was 17.91. And the median was 28.74.


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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