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Owens-Corning E10

: $3.03 (As of Mar. 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.

Owens-Corning's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.03 for the trailing ten years ended in Mar. 2019.

As of today, Owens-Corning's current stock price is $54.68. Owens-Corning's E10 for the quarter that ended in Mar. 2019 was $3.03. Owens-Corning's Shiller PE Ratio of today is 18.05.

During the past 13 years, the highest Shiller PE Ratio of Owens-Corning was 1912.50. The lowest was 5.37. And the median was 39.39.


Owens-Corning 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.

Owens-Corning Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.83 1.43 1.45 1.65 2.91

Owens-Corning Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 1.78 1.86 2.75 2.91 3.03

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.


Owens-Corning E10 Distribution

* The bar in red indicates where Owens-Corning's E10 falls into.



Owens-Corning 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, Owens-Corning's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.4/254.202*254.202
=0.400

Current CPI (Mar. 2019) = 254.202.

Owens-Corning Quarterly Data

per share eps CPI Adj_EPS
200906 0.260 215.693 0.306
200909 0.630 215.969 0.742
200912 -0.170 215.949 -0.200
201003 0.380 217.631 0.444
201006 7.330 217.965 8.549
201009 0.460 218.439 0.535
201012 -0.840 219.179 -0.974
201103 0.190 223.467 0.216
201106 0.620 225.722 0.698
201109 1.010 226.889 1.132
201112 0.410 225.672 0.462
201203 -0.380 229.392 -0.421
201206 0.320 229.478 0.354
201209 0.370 231.407 0.406
201212 -0.470 229.601 -0.520
201303 0.180 232.773 0.197
201306 0.410 233.504 0.446
201309 0.430 234.149 0.467
201312 0.690 233.049 0.753
201403 1.010 236.293 1.087
201406 0.180 238.343 0.192
201409 0.440 238.031 0.470
201412 0.280 234.812 0.303
201503 0.150 236.119 0.161
201506 0.770 238.638 0.820
201509 0.950 237.945 1.015
201512 0.920 236.525 0.989
201603 0.490 238.132 0.523
201606 1.190 241.018 1.255
201609 0.970 241.428 1.021
201612 0.760 241.432 0.800
201703 0.890 243.801 0.928
201706 0.850 244.955 0.882
201709 0.850 246.819 0.875
201712 -0.040 246.524 -0.041
201803 0.820 249.554 0.835
201806 1.080 251.989 1.089
201809 1.450 252.439 1.460
201812 1.550 251.233 1.568
201903 0.400 254.202 0.400

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


Owens-Corning  (NYSE:OC) 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.

Owens-Corning's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=54.68/3.03
=18.05

* 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 Owens-Corning was 1912.50. The lowest was 5.37. And the median was 39.39.


Be Aware

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


Owens-Corning E10 Explanation


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