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Prestige Brands Holdings Inc  (NYSE:PBH) E10: $0.74 (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.

Prestige Brands Holdings Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.74 for the trailing ten years ended in Sep. 2017.

As of today, Prestige Brands Holdings Inc's current stock price is $42.94. Prestige Brands Holdings Inc's E10 for the quarter that ended in Sep. 2017 was $0.74. Prestige Brands Holdings Inc's Shiller PE Ratio of today is 58.03.

During the past 13 years, the highest Shiller PE Ratio of Prestige Brands Holdings Inc was 251.00. The lowest was 54.91. And the median was 95.49.


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.

Prestige Brands Holdings Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.27 0.45 0.58 0.64

Prestige Brands Holdings Inc 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 0.60 0.63 0.64 0.69 0.74

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, Prestige Brands Holdings Inc'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)
=0.57/246.819*246.819
=0.570

Current CPI (Sep. 2017) = 246.819.

Prestige Brands Holdings Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.170 210.036 0.200
200803 0.210 213.528 0.243
200806 0.160 218.815 0.180
200809 0.170 218.783 0.192
200812 0.160 210.228 0.188
200903 -4.230 212.709 -4.908
200906 0.170 215.693 0.195
200909 0.200 215.969 0.229
200912 0.210 215.949 0.240
201003 0.060 217.631 0.068
201006 0.190 217.965 0.215
201009 0.220 218.439 0.249
201012 0.040 219.179 0.045
201103 0.120 223.467 0.133
201106 0.290 225.722 0.317
201109 0.260 226.889 0.283
201112 0.190 225.672 0.208
201203 0.000 229.392 0.000
201206 0.290 229.478 0.312
201209 0.380 231.407 0.405
201212 0.240 229.601 0.258
201303 0.370 232.773 0.392
201306 0.400 233.504 0.423
201309 0.630 234.149 0.664
201312 0.060 233.049 0.064
201403 0.310 236.293 0.324
201406 0.320 238.343 0.331
201409 0.310 238.031 0.321
201412 0.400 234.812 0.420
201503 0.450 236.119 0.470
201506 0.490 238.638 0.507
201509 0.600 237.945 0.622
201512 0.530 236.525 0.553
201603 0.260 238.132 0.269
201606 -0.100 241.018 -0.102
201609 0.600 241.428 0.613
201612 0.590 241.432 0.603
201703 0.210 243.801 0.213
201706 0.630 244.955 0.635
201709 0.570 246.819 0.570

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.

Prestige Brands Holdings Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=42.94/0.74
=58.03

* 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 Prestige Brands Holdings Inc was 251.00. The lowest was 54.91. And the median was 95.49.


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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