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Exxon Mobil E10

: $6.01 (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.

Exxon Mobil's adjusted earnings per share data for the three months ended in Jun. 2020 was $-0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.01 for the trailing ten years ended in Jun. 2020.

As of today (2020-09-19), Exxon Mobil's current stock price is $37.19. Exxon Mobil's E10 for the quarter that ended in Jun. 2020 was $6.01. Exxon Mobil's Shiller PE Ratio of today is 6.19.

During the past 13 years, the highest Shiller PE Ratio of Exxon Mobil was 15.95. The lowest was 5.31. And the median was 12.25.


Exxon Mobil 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.

Exxon Mobil 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 7.43 7.01 6.76 6.35 6.37

Exxon Mobil 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 6.39 6.37 6.37 6.16 6.01

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.


Exxon Mobil E10 Distribution

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



Exxon Mobil 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, Exxon Mobil'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)
=-0.26/109.3175*109.3175
=-0.260

Current CPI (Jun. 2020) = 109.3175.

Exxon Mobil Quarterly Data

per share eps CPI Adj_EPS
201009 1.440 92.277 1.706
201012 1.850 92.914 2.177
201103 2.140 94.890 2.465
201106 2.180 95.319 2.500
201109 2.130 95.529 2.437
201112 1.970 95.632 2.252
201203 2.000 97.075 2.252
201206 3.410 96.661 3.856
201209 2.090 97.595 2.341
201212 2.200 97.158 2.475
201303 2.120 98.107 2.362
201306 1.550 98.557 1.719
201309 1.790 98.536 1.986
201312 1.910 98.692 2.116
201403 2.100 100.023 2.295
201406 2.050 100.520 2.229
201409 1.890 100.176 2.062
201412 1.560 98.604 1.730
201503 1.170 99.824 1.281
201506 1.000 100.691 1.086
201509 1.010 100.346 1.100
201512 0.670 99.957 0.733
201603 0.430 100.947 0.466
201606 0.410 101.524 0.441
201609 0.630 101.988 0.675
201612 0.410 102.456 0.437
201703 0.950 103.167 1.007
201706 0.780 103.278 0.826
201709 0.930 104.070 0.977
201712 1.970 104.578 2.059
201803 1.090 105.708 1.127
201806 0.920 106.324 0.946
201809 1.460 106.695 1.496
201812 1.410 106.200 1.451
201903 0.550 107.818 0.558
201906 0.730 108.250 0.737
201909 0.750 108.577 0.755
201912 1.330 108.841 1.336
202003 -0.140 108.173 -0.141
202006 -0.260 109.318 -0.260

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


Exxon Mobil  (NYSE:XOM) 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.

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

Shiller PE Ratio=Share Price/E10
=37.19/6.01
=6.19

* 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 Exxon Mobil was 15.95. The lowest was 5.31. And the median was 12.25.


Be Aware

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


Exxon Mobil E10 Related Terms


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