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Tribune Media Co E10

: $1.83 (As of Jun. 2019)
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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.

Tribune Media Co's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.83 for the trailing ten years ended in Jun. 2019.

As of today (2020-08-11), Tribune Media Co's current stock price is $46.66. Tribune Media Co's E10 for the quarter that ended in Jun. 2019 was $1.83. Tribune Media Co's Shiller PE Ratio of today is 25.50.


Tribune Media Co 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.

Tribune Media Co Annual Data
Dec04 Dec05 Dec06 Dec07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.87 1.45 1.47 1.55 1.68

Tribune Media Co Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 1.68 1.68 1.68 1.79 1.83

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.


Tribune Media Co E10 Distribution

* The bar in red indicates where Tribune Media Co's E10 falls into.



Tribune Media Co 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, Tribune Media Co's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.71/108.2500*108.2500
=0.710

Current CPI (Jun. 2019) = 108.2500.

Tribune Media Co Quarterly Data

per share eps CPI Adj_EPS
200409 0.370 80.543 0.497
200412 0.660 80.458 0.888
200503 0.440 82.104 0.580
200506 0.730 82.441 0.959
200509 0.070 84.045 0.090
200512 0.430 83.665 0.556
200603 0.330 85.015 0.420
200606 0.280 85.859 0.353
200609 0.650 85.142 0.826
200612 1.267 85.402 1.606
200703 -0.097 87.203 -0.120
200706 0.149 87.884 0.184
200709 1.290 88.152 1.584
200712 -0.666 89.057 -0.809
200803 32.261 90.636 38.531
200806 -80.216 92.805 -93.566
200809 -2.151 91.375 -2.548
201312 52.516 98.692 57.602
201403 0.410 100.023 0.444
201406 0.830 100.520 0.894
201409 0.380 100.176 0.411
201412 3.140 98.604 3.447
201503 0.370 99.824 0.401
201506 -0.040 100.691 -0.043
201509 0.290 100.346 0.313
201512 -4.070 99.957 -4.408
201603 0.120 100.947 0.129
201606 -1.760 101.524 -1.877
201609 1.610 101.988 1.709
201612 0.220 102.456 0.232
201703 -0.990 103.167 -1.039
201706 -0.350 103.278 -0.367
201709 -0.210 104.070 -0.218
201712 3.720 104.578 3.851
201803 1.600 105.708 1.638
201806 0.960 106.324 0.977
201809 0.610 106.695 0.619
201812 1.500 106.200 1.529
201903 1.270 107.818 1.275
201906 0.710 108.250 0.710

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


Tribune Media Co  (NYSE:TRCO) 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.

Tribune Media Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=46.66/1.83
=25.50

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


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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