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Mongolia Growth Group Ltd  (OTCPK:MNGGF) E10: $-0.05 (As of Mar. 2019)

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.

Mongolia Growth Group Ltd's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.007. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.05 for the trailing ten years ended in Mar. 2019.

As of today, Mongolia Growth Group Ltd's current stock price is $0.24. Mongolia Growth Group Ltd's E10 for the quarter that ended in Mar. 2019 was $-0.05. Mongolia Growth Group Ltd's Shiller PE Ratio of today is .


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.

Mongolia Growth Group Ltd 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 0.00 0.00 0.00 0.00 -0.07

Mongolia Growth Group Ltd 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 -0.09 -0.08 -0.08 -0.07 -0.05

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.


Mongolia Growth Group Ltd Distribution

* The bar in red indicates where Mongolia Growth Group Ltd's E10 falls into.



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, Mongolia Growth Group Ltd'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)
=0.00747887218607/254.202*254.202
=0.007

Current CPI (Mar. 2019) = 254.202.

Mongolia Growth Group Ltd Quarterly Data

per share eps CPI Adj_EPS
200906 0.000 215.693 0.000
200909 0.000 215.969 0.000
200912 0.000 215.949 0.000
201003 0.000 217.631 0.000
201006 0.000 217.965 0.000
201009 -0.068 218.439 -0.079
201012 -0.119 219.179 -0.138
201103 0.000 223.467 0.000
201106 -0.020 225.722 -0.023
201109 -0.030 226.889 -0.034
201112 0.117 225.672 0.132
201203 -0.020 229.392 -0.022
201206 -0.010 229.478 -0.011
201209 -0.010 231.407 -0.011
201212 -0.121 229.601 -0.134
201303 0.000 232.773 0.000
201306 -0.039 233.504 -0.042
201309 -0.010 234.149 -0.010
201312 0.028 233.049 0.031
201403 0.018 236.293 0.019
201406 0.120 238.343 0.128
201409 -0.036 238.031 -0.039
201412 0.009 234.812 0.009
201503 -0.008 236.119 -0.009
201506 -0.032 238.638 -0.034
201509 -0.060 237.945 -0.064
201512 -0.109 236.525 -0.118
201603 -0.008 238.132 -0.008
201606 -0.132 241.018 -0.139
201609 0.008 241.428 0.008
201612 0.007 241.432 0.008
201703 -0.015 243.801 -0.016
201706 -0.045 244.955 -0.047
201709 0.008 246.819 0.008
201712 -0.016 246.524 -0.016
201803 -0.008 249.554 -0.008
201806 0.003 251.989 0.003
201809 0.061 252.439 0.062
201812 -0.022 251.233 -0.023
201903 0.007 254.202 0.007

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.

Mongolia Growth Group Ltd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.24/-0.05
=

* 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.


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