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Bavarian Nordic A/S E10

: $-0.11 (As of Sep. 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.

Bavarian Nordic A/S's adjusted earnings per share data for the three months ended in Sep. 2020 was $0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.11 for the trailing ten years ended in Sep. 2020.

As of today (2021-03-01), Bavarian Nordic A/S's current stock price is $12.870000. Bavarian Nordic A/S's E10 for the quarter that ended in Sep. 2020 was $-0.11. Bavarian Nordic A/S's Shiller PE Ratio of today is .


Bavarian Nordic A/S 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.

Bavarian Nordic A/S 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 0.00 0.00 -0.42 -0.44 -0.35

Bavarian Nordic A/S Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 -0.37 -0.35 -0.19 -0.14 -0.11

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.


Bavarian Nordic A/S E10 Distribution

* The bar in red indicates where Bavarian Nordic A/S's E10 falls into.



Bavarian Nordic A/S 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, Bavarian Nordic A/S's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=0.026392658632757/103.7000*103.7000
=0.026

Current CPI (Sep. 2020) = 103.7000.

Bavarian Nordic A/S Quarterly Data

per share eps CPI Adj_EPS
201012 -0.219 94.100 -0.241
201103 -0.268 96.200 -0.289
201106 -0.229 96.000 -0.248
201109 -0.092 96.400 -0.099
201112 0.015 96.700 0.016
201203 -0.052 98.300 -0.054
201206 -0.289 98.200 -0.305
201209 0.036 98.700 0.038
201212 -0.111 97.900 -0.118
201303 -0.060 99.100 -0.062
201306 -0.009 98.800 -0.010
201309 0.033 99.300 0.035
201312 -0.048 98.900 -0.051
201403 0.002 99.800 0.002
201406 -0.101 99.500 -0.105
201409 -0.032 99.800 -0.033
201412 0.166 98.800 0.174
201503 0.061 100.300 0.063
201506 0.087 100.200 0.090
201509 -0.071 100.100 -0.074
201512 0.000 99.400 0.000
201603 -0.181 100.300 -0.187
201606 -0.036 100.500 -0.037
201609 0.127 100.400 0.131
201612 0.108 100.300 0.112
201703 -0.008 101.400 -0.008
201706 0.060 102.000 0.061
201709 0.431 101.900 0.438
201712 -0.247 101.000 -0.254
201803 -0.249 102.200 -0.252
201806 -0.141 103.100 -0.141
201809 0.041 102.700 0.042
201812 -0.125 102.300 -0.126
201903 -0.156 103.200 -0.157
201906 -0.161 103.500 -0.162
201909 -0.152 103.300 -0.153
201912 -0.056 103.000 -0.056
202003 0.621 103.200 0.624
202006 0.111 104.000 0.110
202009 0.026 103.700 0.026

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


Bavarian Nordic A/S  (OTCPK:BVNRY) 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.

Bavarian Nordic A/S's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.870000/-0.11
=

* 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.


Bavarian Nordic A/S E10 Related Terms


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