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Penske Automotive Group E10

: $3.68 (As of Jun. 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.

Penske Automotive Group's adjusted earnings per share data for the three months ended in Jun. 2019 was $1.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.68 for the trailing ten years ended in Jun. 2019.

As of today, Penske Automotive Group's current stock price is $41.82. Penske Automotive Group's E10 for the quarter that ended in Jun. 2019 was $3.68. Penske Automotive Group's Shiller PE Ratio of today is 11.36.

During the past 13 years, the highest Shiller PE Ratio of Penske Automotive Group was 59.09. The lowest was 6.39. And the median was 35.80.


Penske Automotive Group 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.

Penske Automotive Group 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 1.10 1.38 1.66 2.25 3.38

Penske Automotive Group Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 2.49 2.64 3.38 3.52 3.68

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.


Penske Automotive Group E10 Distribution

* The bar in red indicates where Penske Automotive Group's E10 falls into.



Penske Automotive Group 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, Penske Automotive Group's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=1.42/256.143*256.143
=1.420

Current CPI (Jun. 2019) = 256.143.

Penske Automotive Group Quarterly Data

per share eps CPI Adj_EPS
200909 0.300 215.969 0.356
200912 0.200 215.949 0.237
201003 0.220 217.631 0.259
201006 0.320 217.965 0.376
201009 0.330 218.439 0.387
201012 0.310 219.179 0.362
201103 0.370 223.467 0.424
201106 0.430 225.722 0.488
201109 0.610 226.889 0.689
201112 0.530 225.672 0.602
201203 0.520 229.392 0.581
201206 0.540 229.478 0.603
201209 0.450 231.407 0.498
201212 0.540 229.601 0.602
201303 0.640 232.773 0.704
201306 0.690 233.504 0.757
201309 0.720 234.149 0.788
201312 0.660 233.049 0.725
201403 0.750 236.293 0.813
201406 0.810 238.343 0.870
201409 0.830 238.031 0.893
201412 0.800 234.812 0.873
201503 0.830 236.119 0.900
201506 1.040 238.638 1.116
201509 0.960 237.945 1.033
201512 0.780 236.525 0.845
201603 0.900 238.132 0.968
201606 1.100 241.018 1.169
201609 1.030 241.428 1.093
201612 0.970 241.432 1.029
201703 0.960 243.801 1.009
201706 1.230 244.955 1.286
201709 1.100 246.819 1.142
201712 3.850 246.524 4.000
201803 1.260 249.554 1.293
201806 1.580 251.989 1.606
201809 1.530 252.439 1.552
201812 1.160 251.233 1.183
201903 1.190 254.202 1.199
201906 1.420 256.143 1.420

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


Penske Automotive Group  (NYSE:PAG) 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.

Penske Automotive Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=41.82/3.68
=11.36

* 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 Penske Automotive Group was 59.09. The lowest was 6.39. And the median was 35.80.


Be Aware

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


Penske Automotive Group E10 Related Terms


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