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New York Times Co  (NYSE:NYT) E10: $0.33 (As of Sep. 2017)

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.

New York Times Co's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.33 for the trailing ten years ended in Sep. 2017.

As of today, New York Times Co's current stock price is $18.00. New York Times Co's E10 for the quarter that ended in Sep. 2017 was $0.33. New York Times Co's Shiller PE Ratio of today is 54.55.

During the past 13 years, the highest Shiller PE Ratio of New York Times Co was 1405.00. The lowest was 2.84. And the median was 13.33.


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.

New York Times Co Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.33 0.11 -0.07 0.41

New York Times Co Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -0.16 0.41 0.40 0.32 0.33

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.


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, New York Times Co's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.2/246.819*246.819
=0.200

Current CPI (Sep. 2017) = 246.819.

New York Times Co Quarterly Data

per share eps CPI Adj_EPS
200712 0.370 210.036 0.435
200803 0.000 213.528 0.000
200806 0.150 218.815 0.169
200809 -0.740 218.783 -0.835
200812 0.190 210.228 0.223
200903 -0.520 212.709 -0.603
200906 0.270 215.693 0.309
200909 -0.250 215.969 -0.286
200912 0.630 215.949 0.720
201003 0.080 217.631 0.091
201006 0.210 217.965 0.238
201009 -0.030 218.439 -0.034
201012 0.450 219.179 0.507
201103 0.040 223.467 0.044
201106 -0.810 225.722 -0.886
201109 0.100 226.889 0.109
201112 0.410 225.672 0.448
201203 0.280 229.392 0.301
201206 -0.590 229.478 -0.635
201209 0.020 231.407 0.021
201212 1.170 229.601 1.258
201303 0.020 232.773 0.021
201306 0.130 233.504 0.137
201309 -0.160 234.149 -0.169
201312 0.420 233.049 0.445
201403 0.010 236.293 0.010
201406 0.060 238.343 0.062
201409 -0.080 238.031 -0.083
201412 0.210 234.812 0.221
201503 -0.090 236.119 -0.094
201506 0.100 238.638 0.103
201509 0.060 237.945 0.062
201512 0.310 236.525 0.323
201603 -0.050 238.132 -0.052
201606 -0.001 241.018 -0.001
201609 0.002 241.428 0.002
201612 0.230 241.432 0.235
201703 0.080 243.801 0.081
201706 0.090 244.955 0.091
201709 0.200 246.819 0.200

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

New York Times Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.00/0.33
=54.55

* 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 New York Times Co was 1405.00. The lowest was 2.84. And the median was 13.33.


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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