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WEX E10

: $3.36 (As of Jun. 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.

WEX's adjusted earnings per share data for the three months ended in Jun. 2020 was $1.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.36 for the trailing ten years ended in Jun. 2020.

As of today (2020-08-15), WEX's current stock price is $161.39. WEX's E10 for the quarter that ended in Jun. 2020 was $3.36. WEX's Shiller PE Ratio of today is 48.03.

During the past 13 years, the highest Shiller PE Ratio of WEX was 68.54. The lowest was 19.08. And the median was 37.64.


WEX 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.

WEX 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 3.13 3.14 3.43 3.49 3.38

WEX Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 3.31 3.28 3.38 3.26 3.36

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.


WEX E10 Distribution

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=1.66/108.7673*108.7673
=1.660

Current CPI (Jun. 2020) = 108.7673.

WEX Quarterly Data

per share eps CPI Adj_EPS
201009 0.530 92.277 0.625
201012 0.480 92.914 0.562
201103 0.310 94.890 0.355
201106 1.040 95.319 1.187
201109 1.230 95.529 1.400
201112 0.840 95.632 0.955
201203 0.590 97.075 0.661
201206 0.780 96.661 0.878
201209 0.370 97.595 0.412
201212 0.740 97.158 0.828
201303 0.730 98.107 0.809
201306 1.080 98.557 1.192
201309 1.120 98.536 1.236
201312 0.880 98.692 0.970
201403 0.930 100.023 1.011
201406 1.110 100.520 1.201
201409 1.910 100.176 2.074
201412 1.230 98.604 1.357
201503 0.570 99.824 0.621
201506 0.680 100.691 0.735
201509 0.830 100.346 0.900
201512 0.540 99.957 0.588
201603 0.590 100.947 0.636
201606 0.320 101.524 0.343
201609 0.460 101.988 0.491
201612 0.120 102.456 0.127
201703 0.680 103.167 0.717
201706 0.400 103.278 0.421
201709 0.790 104.070 0.826
201712 1.855 104.578 1.929
201803 1.200 105.708 1.235
201806 0.880 106.324 0.900
201809 1.300 106.695 1.325
201812 0.490 106.200 0.502
201903 0.370 107.818 0.373
201906 0.320 108.250 0.322
201909 0.330 108.577 0.331
201912 1.240 108.841 1.239
202003 -0.370 108.173 -0.372
202006 1.660 108.767 1.660

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


WEX  (NYSE:WEX) 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.

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

Shiller PE Ratio=Share Price/E10
=161.39/3.36
=48.03

* 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 WEX was 68.54. The lowest was 19.08. And the median was 37.64.


Be Aware

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


WEX E10 Related Terms


WEX E10 Headlines

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